NEWMONT MNG P Odds of Future Bond Price Finishing Under 93.07
| 651639AM8 | 107.10 0.76 0.70% |
NEWMONT |
NEWMONT Target Price Odds to finish below 93.07
The tendency of NEWMONT Bond 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 93.07 or more in 90 days |
| 107.10 | 90 days | 93.07 | near 1 |
Based on a normal probability distribution, the odds of NEWMONT to drop to 93.07 or more in 90 days from now is near 1 (This NEWMONT MNG P probability density function shows the probability of NEWMONT Bond to fall within a particular range of prices over 90 days) . Probability of NEWMONT MNG P price to stay between 93.07 and its current price of 107.1 at the end of the 90-day period is about 14.66 .
Assuming the 90 days trading horizon NEWMONT has a beta of 0.22. This usually implies as returns on the market go up, NEWMONT average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NEWMONT MNG P will be expected to be much smaller as well. Additionally NEWMONT MNG P 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. NEWMONT Price Density |
| Price |
Predictive Modules for NEWMONT
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NEWMONT MNG P. Regardless of method or technology, however, to accurately forecast the bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the bond 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.NEWMONT Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NEWMONT is not an exception. The market had few large corrections towards the NEWMONT'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 NEWMONT MNG P, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NEWMONT within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.1 | |
β | Beta against Dow Jones | 0.22 | |
σ | Overall volatility | 2.76 | |
Ir | Information ratio | -0.13 |
NEWMONT 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 NEWMONT for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NEWMONT MNG P can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NEWMONT MNG P generated a negative expected return over the last 90 days |
NEWMONT Technical Analysis
NEWMONT's future price can be derived by breaking down and analyzing its technical indicators over time. NEWMONT Bond technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NEWMONT MNG P. In general, you should focus on analyzing NEWMONT Bond price patterns and their correlations with different microeconomic environments and drivers.
NEWMONT Predictive Forecast Models
NEWMONT's time-series forecasting models is one of many NEWMONT's bond 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 NEWMONT'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 bond market movement and maximize returns from investment trading.
Things to note about NEWMONT MNG P
Checking the ongoing alerts about NEWMONT for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NEWMONT MNG P help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NEWMONT MNG P generated a negative expected return over the last 90 days |
Other Information on Investing in NEWMONT Bond
NEWMONT financial ratios help investors to determine whether NEWMONT Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NEWMONT with respect to the benefits of owning NEWMONT security.