Nine Mile Metals Stock Probability of Future Pink Sheet Price Finishing Over 0.0279

VMSXF Stock  USD 0.03  0  17.90%   
Nine Mile's future price is the expected price of Nine Mile instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Nine Mile Metals performance during a given time horizon utilizing its historical volatility. Check out Nine Mile Backtesting, Nine Mile Valuation, Nine Mile Correlation, Nine Mile Hype Analysis, Nine Mile Volatility, Nine Mile History as well as Nine Mile Performance.
  
Please specify Nine Mile's target price for which you would like Nine Mile odds to be computed.

Nine Mile Target Price Odds to finish over 0.0279

The tendency of Nine Pink Sheet 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 PriceHorizonTarget PriceOdds to stay above $ 0.03  in 90 days
 0.03 90 days 0.03 
about 76.22
Based on a normal probability distribution, the odds of Nine Mile to stay above $ 0.03  in 90 days from now is about 76.22 (This Nine Mile Metals probability density function shows the probability of Nine Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Nine Mile Metals price to stay between $ 0.03  and its current price of $0.0303 at the end of the 90-day period is about 19.14 .
Assuming the 90 days horizon Nine Mile has a beta of 0.67. This entails as returns on the market go up, Nine Mile average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nine Mile Metals will be expected to be much smaller as well. Additionally Nine Mile Metals has an alpha of 0.3387, implying that it can generate a 0.34 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Nine Mile Price Density   
       Price  

Predictive Modules for Nine Mile

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nine Mile Metals. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nine Mile's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.000.0312.00
Details
Intrinsic
Valuation
LowRealHigh
0.000.0312.00
Details
Naive
Forecast
LowNextHigh
0.00060.0312.00
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.030.030.03
Details

Nine Mile Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Nine Mile is not an exception. The market had few large corrections towards the Nine Mile'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 Nine Mile Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nine Mile within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.34
β
Beta against Dow Jones0.67
σ
Overall volatility
0
Ir
Information ratio 0.03

Nine Mile 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 Nine Mile for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nine Mile Metals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Nine Mile Metals is way too risky over 90 days horizon
Nine Mile Metals has some characteristics of a very speculative penny stock
Nine Mile Metals appears to be risky and price may revert if volatility continues
Nine Mile Metals has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (1.72 M) with profit before overhead, payroll, taxes, and interest of 0.
Nine Mile Metals has accumulated about 552.36 K in cash with (1.33 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Roughly 40.0% of the company outstanding shares are owned by insiders

Nine Mile 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 Nine Pink Sheet often depends not only on the future outlook of the current and potential Nine Mile'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. Nine Mile's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding53 M

Nine Mile Technical Analysis

Nine Mile's future price can be derived by breaking down and analyzing its technical indicators over time. Nine Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nine Mile Metals. In general, you should focus on analyzing Nine Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.

Nine Mile Predictive Forecast Models

Nine Mile's time-series forecasting models is one of many Nine Mile's pink sheet 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 Nine Mile'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 pink sheet market movement and maximize returns from investment trading.

Things to note about Nine Mile Metals

Checking the ongoing alerts about Nine Mile for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nine Mile Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Nine Mile Metals is way too risky over 90 days horizon
Nine Mile Metals has some characteristics of a very speculative penny stock
Nine Mile Metals appears to be risky and price may revert if volatility continues
Nine Mile Metals has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (1.72 M) with profit before overhead, payroll, taxes, and interest of 0.
Nine Mile Metals has accumulated about 552.36 K in cash with (1.33 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Roughly 40.0% of the company outstanding shares are owned by insiders

Other Information on Investing in Nine Pink Sheet

Nine Mile financial ratios help investors to determine whether Nine Pink Sheet 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 Nine with respect to the benefits of owning Nine Mile security.