Sandstorm Gold Ltd Stock Probability of Future Stock Price Finishing Under 5.86
| SSL Stock | CAD 8.18 0.07 0.86% |
Sandstorm |
Sandstorm Gold Target Price Odds to finish below 5.86
The tendency of Sandstorm 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$ 5.86 or more in 90 days |
| 8.18 | 90 days | 5.86 | near 1 |
Based on a normal probability distribution, the odds of Sandstorm Gold to drop to C$ 5.86 or more in 90 days from now is near 1 (This Sandstorm Gold Ltd probability density function shows the probability of Sandstorm Stock to fall within a particular range of prices over 90 days) . Probability of Sandstorm Gold price to stay between C$ 5.86 and its current price of C$8.18 at the end of the 90-day period is about 59.61 .
Assuming the 90 days trading horizon Sandstorm Gold Ltd has a beta of -0.18. This usually implies as returns on the benchmark increase, returns on holding Sandstorm Gold are expected to decrease at a much lower rate. During a bear market, however, Sandstorm Gold Ltd is likely to outperform the market. Additionally Sandstorm Gold Ltd has an alpha of 0.1456, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sandstorm Gold Price Density |
| Price |
Predictive Modules for Sandstorm Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sandstorm 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.Sandstorm Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sandstorm Gold is not an exception. The market had few large corrections towards the Sandstorm Gold'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 Sandstorm Gold Ltd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sandstorm Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | -0.18 | |
σ | Overall volatility | 0.41 | |
Ir | Information ratio | 0 |
Sandstorm Gold 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 Sandstorm Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sandstorm 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.| Sandstorm Gold is unlikely to experience financial distress in the next 2 years | |
| About 56.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: What To Expect From Sandstorm Gold Ltd Q3 2024 Earnings - Yahoo Finance |
Sandstorm Gold 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 Sandstorm Stock often depends not only on the future outlook of the current and potential Sandstorm Gold'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. Sandstorm Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 300 M | |
| Cash And Short Term Investments | 14.8 M |
Sandstorm Gold Technical Analysis
Sandstorm Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Sandstorm Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sandstorm Gold Ltd. In general, you should focus on analyzing Sandstorm Stock price patterns and their correlations with different microeconomic environments and drivers.
Sandstorm Gold Predictive Forecast Models
Sandstorm Gold's time-series forecasting models is one of many Sandstorm Gold'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 Sandstorm Gold'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 Sandstorm Gold
Checking the ongoing alerts about Sandstorm Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sandstorm Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sandstorm Gold is unlikely to experience financial distress in the next 2 years | |
| About 56.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: What To Expect From Sandstorm Gold Ltd Q3 2024 Earnings - Yahoo Finance |
Check out Sandstorm Gold Backtesting, Sandstorm Gold Valuation, Sandstorm Gold Correlation, Sandstorm Gold Hype Analysis, Sandstorm Gold Volatility, Sandstorm Gold History as well as Sandstorm Gold Performance. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.