Superior Resources (Australia) Probability of Future Stock Price Finishing Under 0.00008
| SPQ Stock | 0.01 0 12.50% |
Superior |
Superior Resources Target Price Odds to finish below 0.00008
The tendency of Superior 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 0.00008 or more in 90 days |
| 0.01 | 90 days | 0.00008 | near 1 |
Based on a normal probability distribution, the odds of Superior Resources to drop to 0.00008 or more in 90 days from now is near 1 (This Superior Resources probability density function shows the probability of Superior Stock to fall within a particular range of prices over 90 days) . Probability of Superior Resources price to stay between 0.00008 and its current price of 0.007 at the end of the 90-day period is about 31.54 .
Assuming the 90 days trading horizon Superior Resources has a beta of -0.2. This usually implies as returns on the benchmark increase, returns on holding Superior Resources are expected to decrease at a much lower rate. During a bear market, however, Superior Resources is likely to outperform the market. Additionally Superior Resources 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. Superior Resources Price Density |
| Price |
Predictive Modules for Superior 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 Superior 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.Superior Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Superior Resources is not an exception. The market had few large corrections towards the Superior 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 Superior Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Superior Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.43 | |
β | Beta against Dow Jones | -0.2 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.08 |
Superior 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 Superior Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Superior 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.| Superior Resources generated a negative expected return over the last 90 days | |
| Superior Resources has high historical volatility and very poor performance | |
| Superior Resources has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 54. Net Loss for the year was (1.41 M) with profit before overhead, payroll, taxes, and interest of 152.34 K. | |
| Superior Resources has accumulated about 4.1 M in cash with (1.29 M) of positive cash flow from operations. | |
| Roughly 33.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Superior Resources Unveils New Gold Potential at Steam Engine - MSN |
Superior 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 Superior Stock often depends not only on the future outlook of the current and potential Superior 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. Superior Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.9 B | |
| Cash And Short Term Investments | 1 M | |
| Shares Float | 1.4 B |
Superior Resources Technical Analysis
Superior Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Superior Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Superior Resources. In general, you should focus on analyzing Superior Stock price patterns and their correlations with different microeconomic environments and drivers.
Superior Resources Predictive Forecast Models
Superior Resources' time-series forecasting models is one of many Superior 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 Superior 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 Superior Resources
Checking the ongoing alerts about Superior Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Superior Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Superior Resources generated a negative expected return over the last 90 days | |
| Superior Resources has high historical volatility and very poor performance | |
| Superior Resources has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 54. Net Loss for the year was (1.41 M) with profit before overhead, payroll, taxes, and interest of 152.34 K. | |
| Superior Resources has accumulated about 4.1 M in cash with (1.29 M) of positive cash flow from operations. | |
| Roughly 33.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Superior Resources Unveils New Gold Potential at Steam Engine - MSN |
Additional Tools for Superior Stock Analysis
When running Superior Resources' price analysis, check to measure Superior Resources' 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 Superior Resources is operating at the current time. Most of Superior Resources' value examination focuses on studying past and present price action to predict the probability of Superior Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Superior Resources' price. Additionally, you may evaluate how the addition of Superior Resources to your portfolios can decrease your overall portfolio volatility.