Snowline Gold Corp Stock Probability of Future Stock Price Finishing Under 0.05
| SGD Stock | 5.01 0.01 0.20% |
Snowline |
Snowline Gold Target Price Odds to finish below 0.05
The tendency of Snowline 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 0.05 or more in 90 days |
| 5.01 | 90 days | 0.05 | near 1 |
Based on a normal probability distribution, the odds of Snowline Gold to drop to 0.05 or more in 90 days from now is near 1 (This Snowline Gold Corp probability density function shows the probability of Snowline Stock to fall within a particular range of prices over 90 days) . Probability of Snowline Gold Corp price to stay between 0.05 and its current price of 5.01 at the end of the 90-day period is about 7.69 .
Assuming the 90 days horizon Snowline Gold has a beta of 0.0547. This usually implies as returns on the market go up, Snowline Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Snowline Gold Corp will be expected to be much smaller as well. Additionally Snowline Gold Corp has an alpha of 0.0612, implying that it can generate a 0.0612 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Snowline Gold Price Density |
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Predictive Modules for Snowline Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Snowline Gold 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.Snowline Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Snowline Gold is not an exception. The market had few large corrections towards the Snowline Gold'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 Snowline Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Snowline Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | 0.05 | |
σ | Overall volatility | 0.33 | |
Ir | Information ratio | -0.02 |
Snowline Gold 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 Snowline Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Snowline Gold 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.| Snowline Gold Corp generated a negative expected return over the last 90 days | |
| Snowline Gold Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (264.17 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Snowline Gold Corp has accumulated about 767 in cash with (4.07 K) of positive cash flow from operations. | |
| Roughly 28.0% of the company outstanding shares are owned by corporate insiders |
Snowline Gold Technical Analysis
Snowline Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Snowline Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Snowline Gold Corp. In general, you should focus on analyzing Snowline Stock price patterns and their correlations with different microeconomic environments and drivers.
Snowline Gold Predictive Forecast Models
Snowline Gold's time-series forecasting models is one of many Snowline Gold's 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 Snowline Gold'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 stock market movement and maximize returns from investment trading.
Things to note about Snowline Gold Corp
Checking the ongoing alerts about Snowline Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Snowline Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Snowline Gold Corp generated a negative expected return over the last 90 days | |
| Snowline Gold Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (264.17 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Snowline Gold Corp has accumulated about 767 in cash with (4.07 K) of positive cash flow from operations. | |
| Roughly 28.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Snowline Stock Analysis
When running Snowline Gold's price analysis, check to measure Snowline Gold's 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 Snowline Gold is operating at the current time. Most of Snowline Gold's value examination focuses on studying past and present price action to predict the probability of Snowline Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snowline Gold's price. Additionally, you may evaluate how the addition of Snowline Gold to your portfolios can decrease your overall portfolio volatility.