Scorpio Gold Corp Stock Probability of Future Stock Price Finishing Under 0.11
| SGN Stock | CAD 0.11 0.01 10.00% |
Scorpio |
Scorpio Gold Target Price Odds to finish below 0.11
The tendency of Scorpio 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 |
| 0.11 | 90 days | 0.11 | under 4 |
Based on a normal probability distribution, the odds of Scorpio Gold to move below current price in 90 days from now is under 4 (This Scorpio Gold Corp probability density function shows the probability of Scorpio Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Scorpio Gold has a beta of 0.0935. This usually implies as returns on the market go up, Scorpio Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Scorpio Gold Corp will be expected to be much smaller as well. Additionally Scorpio Gold 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. Scorpio Gold Price Density |
| Price |
Predictive Modules for Scorpio 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 Scorpio 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.Scorpio Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Scorpio Gold is not an exception. The market had few large corrections towards the Scorpio 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 Scorpio Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Scorpio Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.23 | |
β | Beta against Dow Jones | 0.09 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.05 |
Scorpio 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 Scorpio Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Scorpio 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.| Scorpio Gold Corp generated a negative expected return over the last 90 days | |
| Scorpio Gold Corp has high historical volatility and very poor performance | |
| Scorpio Gold Corp has some characteristics of a very speculative penny stock | |
| Scorpio Gold Corp has a very high chance of going through financial distress in the upcoming years | |
| Scorpio Gold Corp has accumulated 4.47 M in total debt with debt to equity ratio (D/E) of 39.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Scorpio Gold Corp has a current ratio of 0.63, 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 Scorpio Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Scorpio Gold'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 Scorpio Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Scorpio to invest in growth at high rates of return. When we think about Scorpio Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.27 M) with loss before overhead, payroll, taxes, and interest of (1.79 M). | |
| Scorpio Gold Corp has accumulated about 841 K in cash with (1.44 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: Scorpio Gold Participates in 121 Mining Investment Dubai and Embarks on European Roadshows - Yahoo Finance |
Scorpio Gold 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 Scorpio Stock often depends not only on the future outlook of the current and potential Scorpio Gold'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. Scorpio Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 26.6 M | |
| Cash And Short Term Investments | 294.8 K |
Scorpio Gold Technical Analysis
Scorpio Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Scorpio Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Scorpio Gold Corp. In general, you should focus on analyzing Scorpio Stock price patterns and their correlations with different microeconomic environments and drivers.
Scorpio Gold Predictive Forecast Models
Scorpio Gold's time-series forecasting models is one of many Scorpio 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 Scorpio 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 Scorpio Gold Corp
Checking the ongoing alerts about Scorpio Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Scorpio Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Scorpio Gold Corp generated a negative expected return over the last 90 days | |
| Scorpio Gold Corp has high historical volatility and very poor performance | |
| Scorpio Gold Corp has some characteristics of a very speculative penny stock | |
| Scorpio Gold Corp has a very high chance of going through financial distress in the upcoming years | |
| Scorpio Gold Corp has accumulated 4.47 M in total debt with debt to equity ratio (D/E) of 39.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Scorpio Gold Corp has a current ratio of 0.63, 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 Scorpio Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Scorpio Gold'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 Scorpio Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Scorpio to invest in growth at high rates of return. When we think about Scorpio Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.27 M) with loss before overhead, payroll, taxes, and interest of (1.79 M). | |
| Scorpio Gold Corp has accumulated about 841 K in cash with (1.44 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: Scorpio Gold Participates in 121 Mining Investment Dubai and Embarks on European Roadshows - Yahoo Finance |
Additional Tools for Scorpio Stock Analysis
When running Scorpio Gold's price analysis, check to measure Scorpio 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 Scorpio Gold is operating at the current time. Most of Scorpio Gold's value examination focuses on studying past and present price action to predict the probability of Scorpio 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 Scorpio Gold's price. Additionally, you may evaluate how the addition of Scorpio Gold to your portfolios can decrease your overall portfolio volatility.