Skeena Resources Stock Probability of Future Stock Price Finishing Under 0.04
| SKE Stock | USD 9.11 0.23 2.46% |
Skeena |
Skeena Resources Target Price Odds to finish below 0.04
The tendency of Skeena 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 $ 0.04 or more in 90 days |
| 9.11 | 90 days | 0.04 | near 1 |
Based on a normal probability distribution, the odds of Skeena Resources to drop to $ 0.04 or more in 90 days from now is near 1 (This Skeena Resources probability density function shows the probability of Skeena Stock to fall within a particular range of prices over 90 days) . Probability of Skeena Resources price to stay between $ 0.04 and its current price of $9.11 at the end of the 90-day period is about 68.87 .
Considering the 90-day investment horizon Skeena Resources has a beta of -0.23. This usually implies as returns on the benchmark increase, returns on holding Skeena Resources are expected to decrease at a much lower rate. During a bear market, however, Skeena Resources is likely to outperform the market. Additionally Skeena Resources has an alpha of 0.2818, implying that it can generate a 0.28 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Skeena Resources Price Density |
| Price |
Predictive Modules for Skeena 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 Skeena 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.Skeena Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Skeena Resources is not an exception. The market had few large corrections towards the Skeena 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 Skeena Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Skeena Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.28 | |
β | Beta against Dow Jones | -0.23 | |
σ | Overall volatility | 0.79 | |
Ir | Information ratio | 0.04 |
Skeena 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 Skeena Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Skeena 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.| Skeena Resources had very high historical volatility over the last 90 days | |
| Reported Net Loss for the year was (108.98 M) with profit before taxes, overhead, and interest of 0. | |
| Skeena Resources has about 37.1 M in cash with (90.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.53. | |
| Skeena Resources has a frail financial position based on the latest SEC disclosures | |
| Roughly 75.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Pekin Hardy Strauss Inc. Makes New Investment in Skeena Resources Limited |
Skeena 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 Skeena Stock often depends not only on the future outlook of the current and potential Skeena 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. Skeena Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 84.4 M | |
| Cash And Short Term Investments | 92.7 M |
Skeena Resources Technical Analysis
Skeena Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Skeena Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Skeena Resources. In general, you should focus on analyzing Skeena Stock price patterns and their correlations with different microeconomic environments and drivers.
Skeena Resources Predictive Forecast Models
Skeena Resources' time-series forecasting models is one of many Skeena 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 Skeena 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 Skeena Resources
Checking the ongoing alerts about Skeena Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Skeena Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Skeena Resources had very high historical volatility over the last 90 days | |
| Reported Net Loss for the year was (108.98 M) with profit before taxes, overhead, and interest of 0. | |
| Skeena Resources has about 37.1 M in cash with (90.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.53. | |
| Skeena Resources has a frail financial position based on the latest SEC disclosures | |
| Roughly 75.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Pekin Hardy Strauss Inc. Makes New Investment in Skeena Resources Limited |
Check out Skeena Resources Backtesting, Skeena Resources Valuation, Skeena Resources Correlation, Skeena Resources Hype Analysis, Skeena Resources Volatility, Skeena Resources History as well as Skeena Resources Performance. For information on how to trade Skeena Stock refer to our How to Trade Skeena Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skeena Resources. If investors know Skeena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skeena Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.36) | Return On Assets (0.38) | Return On Equity (0.78) |
The market value of Skeena Resources is measured differently than its book value, which is the value of Skeena that is recorded on the company's balance sheet. Investors also form their own opinion of Skeena Resources' value that differs from its market value or its book value, called intrinsic value, which is Skeena Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skeena Resources' market value can be influenced by many factors that don't directly affect Skeena Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Skeena Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Skeena Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skeena Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.