Canagold Resources Stock Probability of Future Stock Price Finishing Over 9.66
| CCM Stock | CAD 0.30 0.02 7.14% |
Canagold |
Canagold Resources Target Price Odds to finish over 9.66
The tendency of Canagold 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$ 9.66 or more in 90 days |
| 0.30 | 90 days | 9.66 | close to zero percent |
Based on a normal probability distribution, the odds of Canagold Resources to move over C$ 9.66 or more in 90 days from now is close to zero percent (This Canagold Resources probability density function shows the probability of Canagold Stock to fall within a particular range of prices over 90 days) . Probability of Canagold Resources price to stay between its current price of C$ 0.30 and C$ 9.66 at the end of the 90-day period is about 71.62 .
Assuming the 90 days trading horizon Canagold Resources has a beta of 0.14 suggesting as returns on the market go up, Canagold Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canagold Resources will be expected to be much smaller as well. Additionally Canagold Resources has an alpha of 0.0199, implying that it can generate a 0.0199 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Canagold Resources Price Density |
| Price |
Predictive Modules for Canagold 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 Canagold 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.Canagold Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canagold Resources is not an exception. The market had few large corrections towards the Canagold 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 Canagold Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canagold Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | 0.14 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.03 |
Canagold 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 Canagold Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canagold 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.| Canagold Resources has some characteristics of a very speculative penny stock | |
| Canagold Resources had very high historical volatility over the last 90 days | |
| Canagold Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (3.05 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canagold Resources has accumulated about 2.66 M in cash with (1.73 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Canagold 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 Canagold Stock often depends not only on the future outlook of the current and potential Canagold 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. Canagold Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 145.9 M | |
| Cash And Short Term Investments | 4.3 M |
Canagold Resources Technical Analysis
Canagold Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Canagold Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canagold Resources. In general, you should focus on analyzing Canagold Stock price patterns and their correlations with different microeconomic environments and drivers.
Canagold Resources Predictive Forecast Models
Canagold Resources' time-series forecasting models is one of many Canagold 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 Canagold 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 Canagold Resources
Checking the ongoing alerts about Canagold Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canagold Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canagold Resources has some characteristics of a very speculative penny stock | |
| Canagold Resources had very high historical volatility over the last 90 days | |
| Canagold Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (3.05 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canagold Resources has accumulated about 2.66 M in cash with (1.73 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Other Information on Investing in Canagold Stock
Canagold Resources financial ratios help investors to determine whether Canagold 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 Canagold with respect to the benefits of owning Canagold Resources security.