Resolute Mining Limited Stock Probability of Future Pink Sheet Price Finishing Under 0.14
| RMGGF Stock | USD 0.28 0.02 7.69% |
Resolute |
Resolute Mining Target Price Odds to finish below 0.14
The tendency of Resolute 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 $ 0.14 or more in 90 days |
| 0.28 | 90 days | 0.14 | near 1 |
Based on a normal probability distribution, the odds of Resolute Mining to drop to $ 0.14 or more in 90 days from now is near 1 (This Resolute Mining Limited probability density function shows the probability of Resolute Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Resolute Mining price to stay between $ 0.14 and its current price of $0.28 at the end of the 90-day period is under 4.
Assuming the 90 days horizon the pink sheet has the beta coefficient of 2.08 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Resolute Mining will likely underperform. Additionally Resolute Mining Limited 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. Resolute Mining Price Density |
| Price |
Predictive Modules for Resolute Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Resolute Mining. 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.Resolute Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Resolute Mining is not an exception. The market had few large corrections towards the Resolute Mining'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 Resolute Mining Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Resolute Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.58 | |
β | Beta against Dow Jones | 2.08 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | -0.06 |
Resolute Mining 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 Resolute Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Resolute Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Resolute Mining generated a negative expected return over the last 90 days | |
| Resolute Mining has high historical volatility and very poor performance | |
| Resolute Mining has some characteristics of a very speculative penny stock | |
| Resolute Mining Limited has accumulated 223.98 M in total debt with debt to equity ratio (D/E) of 0.7, which is about average as compared to similar companies. Resolute Mining has a current ratio of 0.91, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Resolute Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Resolute Mining's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Resolute Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Resolute to invest in growth at high rates of return. When we think about Resolute Mining's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 549.24 M. Net Loss for the year was (319.2 M) with profit before overhead, payroll, taxes, and interest of 120.93 M. | |
| Latest headline from gurufocus.com: Capital International Investors Expands Stake in Sandstorm Gold Ltd |
Resolute Mining 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 Resolute Pink Sheet often depends not only on the future outlook of the current and potential Resolute Mining'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. Resolute Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.1 B |
Resolute Mining Technical Analysis
Resolute Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Resolute Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Resolute Mining Limited. In general, you should focus on analyzing Resolute Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Resolute Mining Predictive Forecast Models
Resolute Mining's time-series forecasting models is one of many Resolute Mining'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 Resolute Mining'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 Resolute Mining
Checking the ongoing alerts about Resolute Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Resolute Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Resolute Mining generated a negative expected return over the last 90 days | |
| Resolute Mining has high historical volatility and very poor performance | |
| Resolute Mining has some characteristics of a very speculative penny stock | |
| Resolute Mining Limited has accumulated 223.98 M in total debt with debt to equity ratio (D/E) of 0.7, which is about average as compared to similar companies. Resolute Mining has a current ratio of 0.91, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Resolute Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Resolute Mining's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Resolute Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Resolute to invest in growth at high rates of return. When we think about Resolute Mining's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 549.24 M. Net Loss for the year was (319.2 M) with profit before overhead, payroll, taxes, and interest of 120.93 M. | |
| Latest headline from gurufocus.com: Capital International Investors Expands Stake in Sandstorm Gold Ltd |
Other Information on Investing in Resolute Pink Sheet
Resolute Mining financial ratios help investors to determine whether Resolute 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 Resolute with respect to the benefits of owning Resolute Mining security.