Xtra Gold Resources Corp Stock Probability of Future Stock Price Finishing Over 9.57
| XTG Stock | CAD 1.83 0.01 0.55% |
Xtra |
Xtra Gold Target Price Odds to finish over 9.57
The tendency of Xtra 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 move over C$ 9.57 or more in 90 days |
| 1.83 | 90 days | 9.57 | close to zero percent |
Based on a normal probability distribution, the odds of Xtra Gold to move over C$ 9.57 or more in 90 days from now is close to zero percent (This Xtra Gold Resources Corp probability density function shows the probability of Xtra Stock to fall within a particular range of prices over 90 days) . Probability of Xtra Gold Resources price to stay between its current price of C$ 1.83 and C$ 9.57 at the end of the 90-day period is about 1.86 .
Assuming the 90 days trading horizon Xtra Gold has a beta of 0.4. This entails as returns on the market go up, Xtra Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Xtra Gold Resources Corp will be expected to be much smaller as well. Additionally Xtra Gold Resources Corp has an alpha of 0.462, implying that it can generate a 0.46 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Xtra Gold Price Density |
| Price |
Predictive Modules for Xtra 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 Xtra Gold Resources. 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.Xtra Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Xtra Gold is not an exception. The market had few large corrections towards the Xtra 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 Xtra Gold Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Xtra Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.46 | |
β | Beta against Dow Jones | 0.40 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | 0.15 |
Xtra 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 Xtra Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Xtra Gold Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Xtra Gold Resources may become a speculative penny stock | |
| About 23.0% of the company outstanding shares are owned by insiders |
Xtra 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 Xtra Stock often depends not only on the future outlook of the current and potential Xtra 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. Xtra Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 46.4 M | |
| Cash And Short Term Investments | 9.4 M |
Xtra Gold Technical Analysis
Xtra Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Xtra Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Xtra Gold Resources Corp. In general, you should focus on analyzing Xtra Stock price patterns and their correlations with different microeconomic environments and drivers.
Xtra Gold Predictive Forecast Models
Xtra Gold's time-series forecasting models is one of many Xtra 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 Xtra 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 Xtra Gold Resources
Checking the ongoing alerts about Xtra Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Xtra Gold Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Xtra Gold Resources may become a speculative penny stock | |
| About 23.0% of the company outstanding shares are owned by insiders |
Other Information on Investing in Xtra Stock
Xtra Gold financial ratios help investors to determine whether Xtra Stock 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 Xtra with respect to the benefits of owning Xtra Gold security.