Sun Summit Minerals Stock Probability of Future Stock Price Finishing Under 0
| SMN Stock | CAD 0.14 0.01 6.67% |
Sun |
Sun Summit Target Price Odds to finish below 0
The tendency of Sun 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 C$ 0.00 or more in 90 days |
| 0.14 | 90 days | 0.00 | near 1 |
Based on a normal probability distribution, the odds of Sun Summit to drop to C$ 0.00 or more in 90 days from now is near 1 (This Sun Summit Minerals probability density function shows the probability of Sun Stock to fall within a particular range of prices over 90 days) . Probability of Sun Summit Minerals price to stay between C$ 0.00 and its current price of C$0.14 at the end of the 90-day period is about 6.23 .
Assuming the 90 days horizon Sun Summit Minerals has a beta of -1.35. This usually implies as returns on its benchmark rise, returns on holding Sun Summit Minerals are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Sun Summit is expected to outperform its benchmark. Additionally Sun Summit Minerals has an alpha of 0.0792, implying that it can generate a 0.0792 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sun Summit Price Density |
| Price |
Predictive Modules for Sun Summit
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sun Summit Minerals. 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.Sun Summit Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sun Summit is not an exception. The market had few large corrections towards the Sun Summit'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 Sun Summit Minerals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sun Summit within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | -1.35 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.02 |
Sun Summit 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 Sun Summit for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sun Summit Minerals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sun Summit Minerals had very high historical volatility over the last 90 days | |
| Sun Summit Minerals has some characteristics of a very speculative penny stock | |
| Sun Summit Minerals has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (3.72 M) with loss before overhead, payroll, taxes, and interest of (8.48 K). | |
| Sun Summit Minerals has accumulated about 468.1 K in cash with (3.83 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: Sun Summit Minerals Unveils Promising Exploration Results - TipRanks |
Sun Summit 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 Sun Stock often depends not only on the future outlook of the current and potential Sun Summit'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. Sun Summit's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 30.9 M | |
| Cash And Short Term Investments | 881.5 K |
Sun Summit Technical Analysis
Sun Summit's future price can be derived by breaking down and analyzing its technical indicators over time. Sun Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sun Summit Minerals. In general, you should focus on analyzing Sun Stock price patterns and their correlations with different microeconomic environments and drivers.
Sun Summit Predictive Forecast Models
Sun Summit's time-series forecasting models is one of many Sun Summit'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 Sun Summit'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 Sun Summit Minerals
Checking the ongoing alerts about Sun Summit for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sun Summit Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sun Summit Minerals had very high historical volatility over the last 90 days | |
| Sun Summit Minerals has some characteristics of a very speculative penny stock | |
| Sun Summit Minerals has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (3.72 M) with loss before overhead, payroll, taxes, and interest of (8.48 K). | |
| Sun Summit Minerals has accumulated about 468.1 K in cash with (3.83 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: Sun Summit Minerals Unveils Promising Exploration Results - TipRanks |
Additional Tools for Sun Stock Analysis
When running Sun Summit's price analysis, check to measure Sun Summit'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 Sun Summit is operating at the current time. Most of Sun Summit's value examination focuses on studying past and present price action to predict the probability of Sun Summit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sun Summit's price. Additionally, you may evaluate how the addition of Sun Summit to your portfolios can decrease your overall portfolio volatility.