Meteoric Resources (Germany) Probability of Future Stock Price Finishing Under 0.0632
| RNF Stock | EUR 0.07 0 6.47% |
Meteoric |
Meteoric Resources Target Price Odds to finish below 0.0632
The tendency of Meteoric Stock 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 € 0.06 or more in 90 days |
| 0.07 | 90 days | 0.06 | about 81.05 |
Based on a normal probability distribution, the odds of Meteoric Resources to drop to € 0.06 or more in 90 days from now is about 81.05 (This Meteoric Resources NL probability density function shows the probability of Meteoric Stock to fall within a particular range of prices over 90 days) . Probability of Meteoric Resources price to stay between € 0.06 and its current price of €0.065 at the end of the 90-day period is about 6.05 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.43 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, Meteoric Resources will likely underperform. Additionally Meteoric Resources NL has an alpha of 0.5199, implying that it can generate a 0.52 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Meteoric Resources Price Density |
| Price |
Predictive Modules for Meteoric Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Meteoric Resources. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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.Meteoric Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Meteoric Resources is not an exception. The market had few large corrections towards the Meteoric Resources' 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 Meteoric Resources NL, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Meteoric Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.52 | |
β | Beta against Dow Jones | 1.43 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.05 |
Meteoric Resources 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 Meteoric Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Meteoric 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.| Meteoric Resources is way too risky over 90 days horizon | |
| Meteoric Resources has some characteristics of a very speculative penny stock | |
| Meteoric Resources appears to be risky and price may revert if volatility continues | |
| Meteoric Resources has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 250. Net Loss for the year was (5.56 M) with profit before overhead, payroll, taxes, and interest of 1.31 M. | |
| Meteoric Resources NL has accumulated about 6.35 M in cash with (5.02 M) of positive cash flow from operations. | |
| Roughly 38.0% of the company outstanding shares are owned by corporate insiders |
Meteoric Resources 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 Meteoric Stock often depends not only on the future outlook of the current and potential Meteoric Resources' 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. Meteoric Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.5 B |
Meteoric Resources Technical Analysis
Meteoric Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Meteoric Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Meteoric Resources NL. In general, you should focus on analyzing Meteoric Stock price patterns and their correlations with different microeconomic environments and drivers.
Meteoric Resources Predictive Forecast Models
Meteoric Resources' time-series forecasting models is one of many Meteoric Resources' stock 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 Meteoric Resources' 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 stock market movement and maximize returns from investment trading.
Things to note about Meteoric Resources
Checking the ongoing alerts about Meteoric Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Meteoric Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Meteoric Resources is way too risky over 90 days horizon | |
| Meteoric Resources has some characteristics of a very speculative penny stock | |
| Meteoric Resources appears to be risky and price may revert if volatility continues | |
| Meteoric Resources has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 250. Net Loss for the year was (5.56 M) with profit before overhead, payroll, taxes, and interest of 1.31 M. | |
| Meteoric Resources NL has accumulated about 6.35 M in cash with (5.02 M) of positive cash flow from operations. | |
| Roughly 38.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Meteoric Stock
Meteoric Resources financial ratios help investors to determine whether Meteoric Stock 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 Meteoric with respect to the benefits of owning Meteoric Resources security.