Rover Metals Corp Stock Probability of Future Stock Price Finishing Under 0.01
| ROVR Stock | CAD 0.01 0.01 33.33% |
Rover |
Rover Metals Target Price Odds to finish below 0.01
The tendency of Rover 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 move below current price in 90 days |
| 0.01 | 90 days | 0.01 | about 1.17 |
Based on a normal probability distribution, the odds of Rover Metals to move below current price in 90 days from now is about 1.17 (This Rover Metals Corp probability density function shows the probability of Rover Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Rover Metals Corp has a beta of -0.19 indicating as returns on the benchmark increase, returns on holding Rover Metals are expected to decrease at a much lower rate. During a bear market, however, Rover Metals Corp is likely to outperform the market. Additionally Rover Metals Corp 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. Rover Metals Price Density |
| Price |
Predictive Modules for Rover Metals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Rover Metals Corp. 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.Rover Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Rover Metals is not an exception. The market had few large corrections towards the Rover Metals' 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 Rover Metals Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Rover Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.42 | |
β | Beta against Dow Jones | -0.19 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.04 |
Rover Metals 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 Rover Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Rover Metals Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Rover Metals Corp generated a negative expected return over the last 90 days | |
| Rover Metals Corp has high historical volatility and very poor performance | |
| Rover Metals Corp has some characteristics of a very speculative penny stock | |
| Rover Metals Corp has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (1.94 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Rover Metals Corp has accumulated about 335.39 K in cash with (961.71 K) of positive cash flow from operations. | |
| Roughly 31.0% of the company outstanding shares are owned by corporate insiders |
Rover Metals 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 Rover Stock often depends not only on the future outlook of the current and potential Rover Metals' 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. Rover Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 52.6 M | |
| Shares Float | 55.3 M |
Rover Metals Technical Analysis
Rover Metals' future price can be derived by breaking down and analyzing its technical indicators over time. Rover Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Rover Metals Corp. In general, you should focus on analyzing Rover Stock price patterns and their correlations with different microeconomic environments and drivers.
Rover Metals Predictive Forecast Models
Rover Metals' time-series forecasting models is one of many Rover Metals' 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 Rover Metals' 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 Rover Metals Corp
Checking the ongoing alerts about Rover Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Rover Metals Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Rover Metals Corp generated a negative expected return over the last 90 days | |
| Rover Metals Corp has high historical volatility and very poor performance | |
| Rover Metals Corp has some characteristics of a very speculative penny stock | |
| Rover Metals Corp has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (1.94 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Rover Metals Corp has accumulated about 335.39 K in cash with (961.71 K) of positive cash flow from operations. | |
| Roughly 31.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Rover Stock Analysis
When running Rover Metals' price analysis, check to measure Rover Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rover Metals is operating at the current time. Most of Rover Metals' value examination focuses on studying past and present price action to predict the probability of Rover Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rover Metals' price. Additionally, you may evaluate how the addition of Rover Metals to your portfolios can decrease your overall portfolio volatility.