Discovery Harbour Resources Stock Probability of Future Stock Price Finishing Under 0.07
| DHR Stock | CAD 0.07 0.00 0.00% |
Discovery |
Discovery Harbour Target Price Odds to finish below 0.07
The tendency of Discovery 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 below current price in 90 days |
| 0.07 | 90 days | 0.07 | about 13.51 |
Based on a normal probability distribution, the odds of Discovery Harbour to move below current price in 90 days from now is about 13.51 (This Discovery Harbour Resources probability density function shows the probability of Discovery Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Discovery Harbour Resources has a beta of -1.4 suggesting as returns on its benchmark rise, returns on holding Discovery Harbour Resources are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Discovery Harbour is expected to outperform its benchmark. Additionally Discovery Harbour Resources 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. Discovery Harbour Price Density |
| Price |
Predictive Modules for Discovery Harbour
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Discovery Harbour. 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.Discovery Harbour Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Discovery Harbour is not an exception. The market had few large corrections towards the Discovery Harbour'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 Discovery Harbour Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Discovery Harbour within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.15 | |
β | Beta against Dow Jones | -1.4 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.08 |
Discovery Harbour 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 Discovery Harbour for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Discovery Harbour can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Discovery Harbour generated a negative expected return over the last 90 days | |
| Discovery Harbour has some characteristics of a very speculative penny stock | |
| Discovery Harbour has a very high chance of going through financial distress in the upcoming years | |
| Discovery Harbour Resources has accumulated 40 K in total debt. Discovery Harbour has a current ratio of 0.23, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Discovery Harbour until it has trouble settling it off, either with new capital or with free cash flow. So, Discovery Harbour'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 Discovery Harbour sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Discovery to invest in growth at high rates of return. When we think about Discovery Harbour's use of debt, we should always consider it together with cash and equity. | |
| Discovery Harbour Resources has accumulated about 97.11 K in cash with (247.33 K) of positive cash flow from operations. | |
| Roughly 23.0% of the company shares are held by company insiders |
Discovery Harbour 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 Discovery Stock often depends not only on the future outlook of the current and potential Discovery Harbour'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. Discovery Harbour's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 9.5 M | |
| Shares Float | 11.2 M |
Discovery Harbour Technical Analysis
Discovery Harbour's future price can be derived by breaking down and analyzing its technical indicators over time. Discovery Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Discovery Harbour Resources. In general, you should focus on analyzing Discovery Stock price patterns and their correlations with different microeconomic environments and drivers.
Discovery Harbour Predictive Forecast Models
Discovery Harbour's time-series forecasting models is one of many Discovery Harbour'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 Discovery Harbour'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 Discovery Harbour
Checking the ongoing alerts about Discovery Harbour for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Discovery Harbour help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Discovery Harbour generated a negative expected return over the last 90 days | |
| Discovery Harbour has some characteristics of a very speculative penny stock | |
| Discovery Harbour has a very high chance of going through financial distress in the upcoming years | |
| Discovery Harbour Resources has accumulated 40 K in total debt. Discovery Harbour has a current ratio of 0.23, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Discovery Harbour until it has trouble settling it off, either with new capital or with free cash flow. So, Discovery Harbour'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 Discovery Harbour sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Discovery to invest in growth at high rates of return. When we think about Discovery Harbour's use of debt, we should always consider it together with cash and equity. | |
| Discovery Harbour Resources has accumulated about 97.11 K in cash with (247.33 K) of positive cash flow from operations. | |
| Roughly 23.0% of the company shares are held by company insiders |
Additional Tools for Discovery Stock Analysis
When running Discovery Harbour's price analysis, check to measure Discovery Harbour'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 Discovery Harbour is operating at the current time. Most of Discovery Harbour's value examination focuses on studying past and present price action to predict the probability of Discovery Harbour's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Discovery Harbour's price. Additionally, you may evaluate how the addition of Discovery Harbour to your portfolios can decrease your overall portfolio volatility.