Ssr Mining Stock Probability of Future Stock Price Finishing Under 8.44
| SSRM Stock | CAD 8.27 0.12 1.43% |
SSR |
SSR Mining Target Price Odds to finish below 8.44
The tendency of SSR 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 stay under C$ 8.44 after 90 days |
| 8.27 | 90 days | 8.44 | about 83.62 |
Based on a normal probability distribution, the odds of SSR Mining to stay under C$ 8.44 after 90 days from now is about 83.62 (This SSR Mining probability density function shows the probability of SSR Stock to fall within a particular range of prices over 90 days) . Probability of SSR Mining price to stay between its current price of C$ 8.27 and C$ 8.44 at the end of the 90-day period is about 7.92 .
Assuming the 90 days trading horizon SSR Mining has a beta of 0.5. This usually implies as returns on the market go up, SSR Mining average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SSR Mining will be expected to be much smaller as well. Additionally SSR Mining has an alpha of 0.1924, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). SSR Mining Price Density |
| Price |
Predictive Modules for SSR Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SSR Mining. 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.SSR Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SSR Mining is not an exception. The market had few large corrections towards the SSR Mining'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 SSR Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SSR Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | 0.50 | |
σ | Overall volatility | 0.60 | |
Ir | Information ratio | 0.04 |
SSR Mining 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 SSR Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SSR Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SSR Mining had very high historical volatility over the last 90 days | |
| The company reported the revenue of 1.43 B. Net Loss for the year was (120.22 M) with profit before overhead, payroll, taxes, and interest of 498.29 M. | |
| About 75.0% of the company shares are owned by institutional investors |
SSR Mining 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 SSR Stock often depends not only on the future outlook of the current and potential SSR Mining'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. SSR Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 204.7 M | |
| Cash And Short Term Investments | 513.3 M |
SSR Mining Technical Analysis
SSR Mining's future price can be derived by breaking down and analyzing its technical indicators over time. SSR Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SSR Mining. In general, you should focus on analyzing SSR Stock price patterns and their correlations with different microeconomic environments and drivers.
SSR Mining Predictive Forecast Models
SSR Mining's time-series forecasting models is one of many SSR Mining'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 SSR Mining'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 SSR Mining
Checking the ongoing alerts about SSR Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SSR Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SSR Mining had very high historical volatility over the last 90 days | |
| The company reported the revenue of 1.43 B. Net Loss for the year was (120.22 M) with profit before overhead, payroll, taxes, and interest of 498.29 M. | |
| About 75.0% of the company shares are owned by institutional investors |
Check out SSR Mining Backtesting, SSR Mining Valuation, SSR Mining Correlation, SSR Mining Hype Analysis, SSR Mining Volatility, SSR Mining History as well as SSR Mining Performance. To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.