De Grey (Australia) Odds of Future Stock Price Finishing Under 1.36
| DEG Stock | 1.78 0.02 1.11% |
DEG |
De Grey Target Price Odds to finish below 1.36
The tendency of DEG 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 drop to 1.36 or more in 90 days |
| 1.78 | 90 days | 1.36 | about 19.49 |
Based on a normal probability distribution, the odds of De Grey to drop to 1.36 or more in 90 days from now is about 19.49 (This De Grey Mining probability density function shows the probability of DEG Stock to fall within a particular range of prices over 90 days) . Probability of De Grey Mining price to stay between 1.36 and its current price of 1.78 at the end of the 90-day period is about 67.77 .
Assuming the 90 days trading horizon De Grey Mining has a beta of -0.84 suggesting as returns on the benchmark increase, returns on holding De Grey are expected to decrease at a much lower rate. During a bear market, however, De Grey Mining is likely to outperform the market. Additionally De Grey Mining has an alpha of 0.5153, implying that it can generate a 0.52 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). De Grey Price Density |
| Price |
Predictive Modules for De Grey
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as De Grey Mining. 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.De Grey Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. De Grey is not an exception. The market had few large corrections towards the De Grey'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 De Grey Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of De Grey within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.52 | |
β | Beta against Dow Jones | -0.84 | |
σ | Overall volatility | 0.21 | |
Ir | Information ratio | 0.11 |
De Grey 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 De Grey for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for De Grey Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| De Grey Mining may become a speculative penny stock | |
| De Grey Mining had very high historical volatility over the last 90 days | |
| De Grey Mining has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 23.58 K. Net Loss for the year was (17.22 M) with profit before overhead, payroll, taxes, and interest of 172.15 K. | |
| De Grey Mining has accumulated about 100.44 M in cash with (11.51 M) of positive cash flow from operations. | |
| Roughly 22.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: De Grey Mining Explores Underground Potential at Hemi - TipRanks |
De Grey 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 DEG Stock often depends not only on the future outlook of the current and potential De Grey'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. De Grey's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.8 B | |
| Cash And Short Term Investments | 867.2 M |
De Grey Technical Analysis
De Grey's future price can be derived by breaking down and analyzing its technical indicators over time. DEG Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of De Grey Mining. In general, you should focus on analyzing DEG Stock price patterns and their correlations with different microeconomic environments and drivers.
De Grey Predictive Forecast Models
De Grey's time-series forecasting models is one of many De Grey'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 De Grey'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 De Grey Mining
Checking the ongoing alerts about De Grey for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for De Grey Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| De Grey Mining may become a speculative penny stock | |
| De Grey Mining had very high historical volatility over the last 90 days | |
| De Grey Mining has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 23.58 K. Net Loss for the year was (17.22 M) with profit before overhead, payroll, taxes, and interest of 172.15 K. | |
| De Grey Mining has accumulated about 100.44 M in cash with (11.51 M) of positive cash flow from operations. | |
| Roughly 22.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: De Grey Mining Explores Underground Potential at Hemi - TipRanks |
Additional Tools for DEG Stock Analysis
When running De Grey's price analysis, check to measure De Grey'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 De Grey is operating at the current time. Most of De Grey's value examination focuses on studying past and present price action to predict the probability of De Grey's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move De Grey's price. Additionally, you may evaluate how the addition of De Grey to your portfolios can decrease your overall portfolio volatility.