Shamaran Petroleum Corp Stock Probability of Future Stock Price Finishing Over 0.11
| SNM Stock | CAD 0.11 0.01 8.33% |
ShaMaran |
ShaMaran Petroleum Target Price Odds to finish over 0.11
The tendency of ShaMaran 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 above the current price in 90 days |
| 0.11 | 90 days | 0.11 | about 1.06 |
Based on a normal probability distribution, the odds of ShaMaran Petroleum to move above the current price in 90 days from now is about 1.06 (This ShaMaran Petroleum Corp probability density function shows the probability of ShaMaran Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon ShaMaran Petroleum Corp has a beta of -0.33. This usually implies as returns on the benchmark increase, returns on holding ShaMaran Petroleum are expected to decrease at a much lower rate. During a bear market, however, ShaMaran Petroleum Corp is likely to outperform the market. Additionally ShaMaran Petroleum Corp has an alpha of 0.641, implying that it can generate a 0.64 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ShaMaran Petroleum Price Density |
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Predictive Modules for ShaMaran Petroleum
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ShaMaran Petroleum 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.ShaMaran Petroleum Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ShaMaran Petroleum is not an exception. The market had few large corrections towards the ShaMaran Petroleum'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 ShaMaran Petroleum Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ShaMaran Petroleum within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.64 | |
β | Beta against Dow Jones | -0.33 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.09 |
ShaMaran Petroleum 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 ShaMaran Petroleum for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ShaMaran Petroleum 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.| ShaMaran Petroleum is way too risky over 90 days horizon | |
| ShaMaran Petroleum has some characteristics of a very speculative penny stock | |
| ShaMaran Petroleum appears to be risky and price may revert if volatility continues | |
| ShaMaran Petroleum has high likelihood to experience some financial distress in the next 2 years | |
| ShaMaran Petroleum has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company reported the revenue of 82.89 M. Net Loss for the year was (26.71 M) with profit before overhead, payroll, taxes, and interest of 152.31 M. | |
| About 26.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: ShaMaran Reports Third Quarter 2024 Results - Canada NewsWire |
ShaMaran Petroleum 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 ShaMaran Stock often depends not only on the future outlook of the current and potential ShaMaran Petroleum'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. ShaMaran Petroleum's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.9 B | |
| Cash And Short Term Investments | 48.9 M |
ShaMaran Petroleum Technical Analysis
ShaMaran Petroleum's future price can be derived by breaking down and analyzing its technical indicators over time. ShaMaran Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ShaMaran Petroleum Corp. In general, you should focus on analyzing ShaMaran Stock price patterns and their correlations with different microeconomic environments and drivers.
ShaMaran Petroleum Predictive Forecast Models
ShaMaran Petroleum's time-series forecasting models is one of many ShaMaran Petroleum'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 ShaMaran Petroleum'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 ShaMaran Petroleum Corp
Checking the ongoing alerts about ShaMaran Petroleum for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ShaMaran Petroleum Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ShaMaran Petroleum is way too risky over 90 days horizon | |
| ShaMaran Petroleum has some characteristics of a very speculative penny stock | |
| ShaMaran Petroleum appears to be risky and price may revert if volatility continues | |
| ShaMaran Petroleum has high likelihood to experience some financial distress in the next 2 years | |
| ShaMaran Petroleum has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company reported the revenue of 82.89 M. Net Loss for the year was (26.71 M) with profit before overhead, payroll, taxes, and interest of 152.31 M. | |
| About 26.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: ShaMaran Reports Third Quarter 2024 Results - Canada NewsWire |
Additional Tools for ShaMaran Stock Analysis
When running ShaMaran Petroleum's price analysis, check to measure ShaMaran Petroleum'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 ShaMaran Petroleum is operating at the current time. Most of ShaMaran Petroleum's value examination focuses on studying past and present price action to predict the probability of ShaMaran Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ShaMaran Petroleum's price. Additionally, you may evaluate how the addition of ShaMaran Petroleum to your portfolios can decrease your overall portfolio volatility.