Us Goldmining Common Stock Probability of Future Stock Price Finishing Under 10.11
| USGO Stock | 12.69 0.18 1.40% |
USGO |
US GoldMining Target Price Odds to finish below 10.11
The tendency of USGO 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 10.11 or more in 90 days |
| 12.69 | 90 days | 10.11 | about 75.12 |
Based on a normal probability distribution, the odds of US GoldMining to drop to 10.11 or more in 90 days from now is about 75.12 (This US GoldMining Common probability density function shows the probability of USGO Stock to fall within a particular range of prices over 90 days) . Probability of US GoldMining Common price to stay between 10.11 and its current price of 12.69 at the end of the 90-day period is about 20.7 .
Given the investment horizon of 90 days US GoldMining Common has a beta of -0.95. This usually implies Moreover US GoldMining Common has an alpha of 1.7842, implying that it can generate a 1.78 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). US GoldMining Price Density |
| Price |
Predictive Modules for US GoldMining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as US GoldMining Common. 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.US GoldMining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. US GoldMining is not an exception. The market had few large corrections towards the US GoldMining'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 US GoldMining Common, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of US GoldMining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.78 | |
β | Beta against Dow Jones | -0.95 | |
σ | Overall volatility | 2.44 | |
Ir | Information ratio | 0.18 |
US GoldMining 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 US GoldMining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for US GoldMining Common can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| US GoldMining Common is way too risky over 90 days horizon | |
| US GoldMining Common appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (9.36 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| US GoldMining generates negative cash flow from operations | |
| US GoldMining Common has a poor financial position based on the latest SEC disclosures | |
| About 88.0% of the company outstanding shares are owned by insiders | |
| Latest headline from gurufocus.com: US Goldmining Inc Stock Price Up 3.06 percent on Nov 22 |
US GoldMining 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 USGO Stock often depends not only on the future outlook of the current and potential US GoldMining'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. US GoldMining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12.4 M | |
| Cash And Short Term Investments | 11.4 M | |
| Shares Float | 1.9 M |
US GoldMining Technical Analysis
US GoldMining's future price can be derived by breaking down and analyzing its technical indicators over time. USGO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of US GoldMining Common. In general, you should focus on analyzing USGO Stock price patterns and their correlations with different microeconomic environments and drivers.
US GoldMining Predictive Forecast Models
US GoldMining's time-series forecasting models is one of many US GoldMining'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 US GoldMining'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 US GoldMining Common
Checking the ongoing alerts about US GoldMining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for US GoldMining Common help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| US GoldMining Common is way too risky over 90 days horizon | |
| US GoldMining Common appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (9.36 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| US GoldMining generates negative cash flow from operations | |
| US GoldMining Common has a poor financial position based on the latest SEC disclosures | |
| About 88.0% of the company outstanding shares are owned by insiders | |
| Latest headline from gurufocus.com: US Goldmining Inc Stock Price Up 3.06 percent on Nov 22 |
Check out US GoldMining Backtesting, US GoldMining Valuation, US GoldMining Correlation, US GoldMining Hype Analysis, US GoldMining Volatility, US GoldMining History as well as US GoldMining Performance. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of US GoldMining. If investors know USGO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about US GoldMining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.82) | Return On Assets (0.92) | Return On Equity (1.71) |
The market value of US GoldMining Common is measured differently than its book value, which is the value of USGO that is recorded on the company's balance sheet. Investors also form their own opinion of US GoldMining's value that differs from its market value or its book value, called intrinsic value, which is US GoldMining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because US GoldMining's market value can be influenced by many factors that don't directly affect US GoldMining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between US GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if US GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US GoldMining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.