Premium Nickel Resources Stock Probability of Future Pink Sheet Price Finishing Under 0.02
| PNRLF Stock | 0.35 0.01 2.78% |
Premium |
Premium Nickel Target Price Odds to finish below 0.02
The tendency of Premium Pink Sheet price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to 0.02 or more in 90 days |
| 0.35 | 90 days | 0.02 | near 1 |
Based on a normal probability distribution, the odds of Premium Nickel to drop to 0.02 or more in 90 days from now is near 1 (This Premium Nickel Resources probability density function shows the probability of Premium Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Premium Nickel Resources price to stay between 0.02 and its current price of 0.35 at the end of the 90-day period is about 12.07 .
Assuming the 90 days horizon Premium Nickel Resources has a beta of -0.21 indicating as returns on the benchmark increase, returns on holding Premium Nickel are expected to decrease at a much lower rate. During a bear market, however, Premium Nickel Resources is likely to outperform the market. Additionally Premium Nickel Resources has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Premium Nickel Price Density |
| Price |
Predictive Modules for Premium Nickel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Premium Nickel Resources. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Premium Nickel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Premium Nickel is not an exception. The market had few large corrections towards the Premium Nickel's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Premium Nickel Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Premium Nickel within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.48 | |
β | Beta against Dow Jones | -0.21 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | -0.11 |
Premium Nickel Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Premium Nickel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Premium Nickel Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Premium Nickel generated a negative expected return over the last 90 days | |
| Premium Nickel has high historical volatility and very poor performance | |
| Premium Nickel has some characteristics of a very speculative penny stock | |
| Premium Nickel has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (4 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Premium Nickel generates negative cash flow from operations |
Premium Nickel Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Premium Pink Sheet often depends not only on the future outlook of the current and potential Premium Nickel's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Premium Nickel's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 113.1 M |
Premium Nickel Technical Analysis
Premium Nickel's future price can be derived by breaking down and analyzing its technical indicators over time. Premium Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Premium Nickel Resources. In general, you should focus on analyzing Premium Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Premium Nickel Predictive Forecast Models
Premium Nickel's time-series forecasting models is one of many Premium Nickel's pink sheet analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Premium Nickel's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the pink sheet market movement and maximize returns from investment trading.
Things to note about Premium Nickel Resources
Checking the ongoing alerts about Premium Nickel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Premium Nickel Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Premium Nickel generated a negative expected return over the last 90 days | |
| Premium Nickel has high historical volatility and very poor performance | |
| Premium Nickel has some characteristics of a very speculative penny stock | |
| Premium Nickel has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (4 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Premium Nickel generates negative cash flow from operations |
Other Information on Investing in Premium Pink Sheet
Premium Nickel financial ratios help investors to determine whether Premium Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Premium with respect to the benefits of owning Premium Nickel security.