Zincx Resources Corp Stock Probability of Future Stock Price Finishing Over 0.08
| ZNX Stock | CAD 0.08 0.01 11.11% |
ZincX |
ZincX Resources Target Price Odds to finish over 0.08
The tendency of ZincX 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 above the current price in 90 days |
| 0.08 | 90 days | 0.08 | about 98.0 |
Based on a normal probability distribution, the odds of ZincX Resources to move above the current price in 90 days from now is about 98.0 (This ZincX Resources Corp probability density function shows the probability of ZincX Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon ZincX Resources Corp has a beta of -0.48. This usually means as returns on the benchmark increase, returns on holding ZincX Resources are expected to decrease at a much lower rate. During a bear market, however, ZincX Resources Corp is likely to outperform the market. Additionally ZincX Resources Corp 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. ZincX Resources Price Density |
| Price |
Predictive Modules for ZincX Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ZincX Resources Corp. 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.ZincX Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ZincX Resources is not an exception. The market had few large corrections towards the ZincX Resources' 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 ZincX Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ZincX Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | -0.48 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.06 |
ZincX Resources 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 ZincX Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ZincX Resources Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ZincX Resources Corp generated a negative expected return over the last 90 days | |
| ZincX Resources Corp has some characteristics of a very speculative penny stock | |
| ZincX Resources Corp has high historical volatility and very poor performance | |
| ZincX Resources Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (564.66 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| ZincX Resources Corp has accumulated about 3.72 M in cash with (546.78 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 27.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Resources Top 5 Zinc explorer back to life with drilling at historic Spanish mine - Stockhead |
ZincX Resources 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 ZincX Stock often depends not only on the future outlook of the current and potential ZincX Resources' 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. ZincX Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 187.9 M |
ZincX Resources Technical Analysis
ZincX Resources' future price can be derived by breaking down and analyzing its technical indicators over time. ZincX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ZincX Resources Corp. In general, you should focus on analyzing ZincX Stock price patterns and their correlations with different microeconomic environments and drivers.
ZincX Resources Predictive Forecast Models
ZincX Resources' time-series forecasting models is one of many ZincX Resources' 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 ZincX Resources' 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 ZincX Resources Corp
Checking the ongoing alerts about ZincX Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ZincX Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ZincX Resources Corp generated a negative expected return over the last 90 days | |
| ZincX Resources Corp has some characteristics of a very speculative penny stock | |
| ZincX Resources Corp has high historical volatility and very poor performance | |
| ZincX Resources Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (564.66 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| ZincX Resources Corp has accumulated about 3.72 M in cash with (546.78 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 27.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Resources Top 5 Zinc explorer back to life with drilling at historic Spanish mine - Stockhead |
Additional Tools for ZincX Stock Analysis
When running ZincX Resources' price analysis, check to measure ZincX Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ZincX Resources is operating at the current time. Most of ZincX Resources' value examination focuses on studying past and present price action to predict the probability of ZincX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZincX Resources' price. Additionally, you may evaluate how the addition of ZincX Resources to your portfolios can decrease your overall portfolio volatility.