Saga Metals Corp Stock Probability of Future Stock Price Finishing Under 0.31
| SAGA Stock | 0.35 0.02 6.06% |
Saga |
Saga Metals Target Price Odds to finish below 0.31
The tendency of Saga 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 0.31 or more in 90 days |
| 0.35 | 90 days | 0.31 | nearly 4.69 |
Based on a normal probability distribution, the odds of Saga Metals to drop to 0.31 or more in 90 days from now is nearly 4.69 (This Saga Metals Corp probability density function shows the probability of Saga Stock to fall within a particular range of prices over 90 days) . Probability of Saga Metals Corp price to stay between 0.31 and its current price of 0.35 at the end of the 90-day period is about 12.91 .
Assuming the 90 days trading horizon Saga Metals Corp has a beta of -0.38. This usually implies as returns on the benchmark increase, returns on holding Saga Metals are expected to decrease at a much lower rate. During a bear market, however, Saga Metals Corp is likely to outperform the market. Additionally Saga Metals Corp has an alpha of 0.0607, implying that it can generate a 0.0607 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Saga Metals Price Density |
| Price |
Predictive Modules for Saga 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 Saga 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.Saga Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Saga Metals is not an exception. The market had few large corrections towards the Saga 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 Saga Metals Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Saga Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | -0.38 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.01 |
Saga 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 Saga Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Saga 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.| Saga Metals Corp had very high historical volatility over the last 90 days | |
| Saga Metals Corp has some characteristics of a very speculative penny stock |
Saga Metals Technical Analysis
Saga Metals' future price can be derived by breaking down and analyzing its technical indicators over time. Saga Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Saga Metals Corp. In general, you should focus on analyzing Saga Stock price patterns and their correlations with different microeconomic environments and drivers.
Saga Metals Predictive Forecast Models
Saga Metals' time-series forecasting models is one of many Saga 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 Saga 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 Saga Metals Corp
Checking the ongoing alerts about Saga Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Saga Metals Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Saga Metals Corp had very high historical volatility over the last 90 days | |
| Saga Metals Corp has some characteristics of a very speculative penny stock |
Additional Tools for Saga Stock Analysis
When running Saga Metals' price analysis, check to measure Saga 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 Saga Metals is operating at the current time. Most of Saga Metals' value examination focuses on studying past and present price action to predict the probability of Saga Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Saga Metals' price. Additionally, you may evaluate how the addition of Saga Metals to your portfolios can decrease your overall portfolio volatility.