Spanish Mountain Gold Stock Probability of Future Stock Price Finishing Over 4.55
| SPA Stock | CAD 0.11 0.01 8.33% |
Spanish |
Spanish Mountain Target Price Odds to finish over 4.55
The tendency of Spanish 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 over C$ 4.55 or more in 90 days |
| 0.11 | 90 days | 4.55 | close to zero percent |
Based on a normal probability distribution, the odds of Spanish Mountain to move over C$ 4.55 or more in 90 days from now is close to zero percent (This Spanish Mountain Gold probability density function shows the probability of Spanish Stock to fall within a particular range of prices over 90 days) . Probability of Spanish Mountain Gold price to stay between its current price of C$ 0.11 and C$ 4.55 at the end of the 90-day period is about 98.0 .
Assuming the 90 days horizon Spanish Mountain Gold has a beta of -0.15. This usually implies as returns on the benchmark increase, returns on holding Spanish Mountain are expected to decrease at a much lower rate. During a bear market, however, Spanish Mountain Gold is likely to outperform the market. Additionally Spanish Mountain Gold 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. Spanish Mountain Price Density |
| Price |
Predictive Modules for Spanish Mountain
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Spanish Mountain Gold. 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.Spanish Mountain Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Spanish Mountain is not an exception. The market had few large corrections towards the Spanish Mountain'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 Spanish Mountain Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Spanish Mountain within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.45 | |
β | Beta against Dow Jones | -0.15 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.13 |
Spanish Mountain 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 Spanish Mountain for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Spanish Mountain Gold can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Spanish Mountain generated a negative expected return over the last 90 days | |
| Spanish Mountain has some characteristics of a very speculative penny stock | |
| Spanish Mountain has high historical volatility and very poor performance | |
| Spanish Mountain has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.14 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Spanish Mountain Gold has accumulated about 1.04 M in cash with (2.28 M) of positive cash flow from operations. | |
| Roughly 32.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Spanish Mountain Gold Raises C8.3 Million - TipRanks |
Spanish Mountain 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 Spanish Stock often depends not only on the future outlook of the current and potential Spanish Mountain'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. Spanish Mountain's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 361.5 M | |
| Cash And Short Term Investments | 3.3 M |
Spanish Mountain Technical Analysis
Spanish Mountain's future price can be derived by breaking down and analyzing its technical indicators over time. Spanish Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Spanish Mountain Gold. In general, you should focus on analyzing Spanish Stock price patterns and their correlations with different microeconomic environments and drivers.
Spanish Mountain Predictive Forecast Models
Spanish Mountain's time-series forecasting models is one of many Spanish Mountain'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 Spanish Mountain'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 Spanish Mountain Gold
Checking the ongoing alerts about Spanish Mountain for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Spanish Mountain Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Spanish Mountain generated a negative expected return over the last 90 days | |
| Spanish Mountain has some characteristics of a very speculative penny stock | |
| Spanish Mountain has high historical volatility and very poor performance | |
| Spanish Mountain has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.14 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Spanish Mountain Gold has accumulated about 1.04 M in cash with (2.28 M) of positive cash flow from operations. | |
| Roughly 32.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Spanish Mountain Gold Raises C8.3 Million - TipRanks |
Additional Tools for Spanish Stock Analysis
When running Spanish Mountain's price analysis, check to measure Spanish Mountain'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 Spanish Mountain is operating at the current time. Most of Spanish Mountain's value examination focuses on studying past and present price action to predict the probability of Spanish Mountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spanish Mountain's price. Additionally, you may evaluate how the addition of Spanish Mountain to your portfolios can decrease your overall portfolio volatility.