Athena Gold Corp Stock Probability of Future OTC Stock Price Finishing Over 0.04
| AHNR Stock | USD 0.04 0 10.50% |
Athena |
Athena Gold Target Price Odds to finish over 0.04
The tendency of Athena OTC 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 $ 0.04 or more in 90 days |
| 0.04 | 90 days | 0.04 | about 47.4 |
Based on a normal probability distribution, the odds of Athena Gold to move over $ 0.04 or more in 90 days from now is about 47.4 (This Athena Gold Corp probability density function shows the probability of Athena OTC Stock to fall within a particular range of prices over 90 days) . Probability of Athena Gold Corp price to stay between its current price of $ 0.04 and $ 0.04 at the end of the 90-day period is about 25.8 .
Given the investment horizon of 90 days Athena Gold has a beta of 0.11. This suggests as returns on the market go up, Athena Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Athena Gold Corp will be expected to be much smaller as well. Moreover Athena Gold Corp has an alpha of 1.9258, implying that it can generate a 1.93 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Athena Gold Price Density |
| Price |
Predictive Modules for Athena 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 Athena Gold Corp. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.Athena Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Athena Gold is not an exception. The market had few large corrections towards the Athena 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 Athena Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Athena Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.93 | |
β | Beta against Dow Jones | 0.11 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.10 |
Athena 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 Athena Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Athena Gold 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.| Athena Gold Corp is way too risky over 90 days horizon | |
| Athena Gold Corp has some characteristics of a very speculative penny stock | |
| Athena Gold Corp appears to be risky and price may revert if volatility continues | |
| Athena Gold Corp currently holds 26.1 K in liabilities with Debt to Equity (D/E) ratio of 0.01, which may suggest the company is not taking enough advantage from borrowing. Athena Gold Corp has a current ratio of 0.84, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Athena Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Athena Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Athena Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Athena to invest in growth at high rates of return. When we think about Athena Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.03 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Athena Gold Corp currently holds about 31.46 K in cash with (656.64 K) of positive cash flow from operations. | |
| Roughly 75.0% of Athena Gold shares are held by company insiders |
Athena 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 Athena OTC Stock often depends not only on the future outlook of the current and potential Athena 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. Athena Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 119.9 M |
Athena Gold Technical Analysis
Athena Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Athena OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Athena Gold Corp. In general, you should focus on analyzing Athena OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Athena Gold Predictive Forecast Models
Athena Gold's time-series forecasting models is one of many Athena Gold's otc 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 Athena 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 otc stock market movement and maximize returns from investment trading.
Things to note about Athena Gold Corp
Checking the ongoing alerts about Athena Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Athena Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Athena Gold Corp is way too risky over 90 days horizon | |
| Athena Gold Corp has some characteristics of a very speculative penny stock | |
| Athena Gold Corp appears to be risky and price may revert if volatility continues | |
| Athena Gold Corp currently holds 26.1 K in liabilities with Debt to Equity (D/E) ratio of 0.01, which may suggest the company is not taking enough advantage from borrowing. Athena Gold Corp has a current ratio of 0.84, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Athena Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Athena Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Athena Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Athena to invest in growth at high rates of return. When we think about Athena Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.03 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Athena Gold Corp currently holds about 31.46 K in cash with (656.64 K) of positive cash flow from operations. | |
| Roughly 75.0% of Athena Gold shares are held by company insiders |
Additional Tools for Athena OTC Stock Analysis
When running Athena Gold's price analysis, check to measure Athena Gold's 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 Athena Gold is operating at the current time. Most of Athena Gold's value examination focuses on studying past and present price action to predict the probability of Athena Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Athena Gold's price. Additionally, you may evaluate how the addition of Athena Gold to your portfolios can decrease your overall portfolio volatility.