FireFly Metals (Australia) Probability of Future Stock Price Finishing Under 0.04
| FFM Stock | 0.89 0.03 3.49% |
FireFly |
FireFly Metals Target Price Odds to finish below 0.04
The tendency of FireFly 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 0.04 or more in 90 days |
| 0.89 | 90 days | 0.04 | near 1 |
Based on a normal probability distribution, the odds of FireFly Metals to drop to 0.04 or more in 90 days from now is near 1 (This FireFly Metals probability density function shows the probability of FireFly Stock to fall within a particular range of prices over 90 days) . Probability of FireFly Metals price to stay between 0.04 and its current price of 0.89 at the end of the 90-day period is about 5.08 .
Assuming the 90 days trading horizon FireFly Metals has a beta of 0.81. This usually indicates as returns on the market go up, FireFly Metals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding FireFly Metals will be expected to be much smaller as well. Additionally FireFly Metals 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. FireFly Metals Price Density |
| Price |
Predictive Modules for FireFly Metals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as FireFly Metals. 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.FireFly Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. FireFly Metals is not an exception. The market had few large corrections towards the FireFly Metals' 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 FireFly Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of FireFly Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.25 | |
β | Beta against Dow Jones | 0.81 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | -0.06 |
FireFly Metals 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 FireFly Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for FireFly Metals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| FireFly Metals generated a negative expected return over the last 90 days | |
| FireFly Metals has some characteristics of a very speculative penny stock | |
| FireFly Metals has high historical volatility and very poor performance | |
| FireFly Metals has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (22.45 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| FireFly Metals generates negative cash flow from operations | |
| Latest headline from news.google.com: FireFly Metals begins trading on Toronto Stock Exchange main board By Proactive Investors - Investing.com Australia |
FireFly Metals 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 FireFly Stock often depends not only on the future outlook of the current and potential FireFly Metals' 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. FireFly Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 326.7 M | |
| Cash And Short Term Investments | 40.7 M |
FireFly Metals Technical Analysis
FireFly Metals' future price can be derived by breaking down and analyzing its technical indicators over time. FireFly Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of FireFly Metals. In general, you should focus on analyzing FireFly Stock price patterns and their correlations with different microeconomic environments and drivers.
FireFly Metals Predictive Forecast Models
FireFly Metals' time-series forecasting models is one of many FireFly Metals' 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 FireFly Metals' 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 FireFly Metals
Checking the ongoing alerts about FireFly Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for FireFly Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| FireFly Metals generated a negative expected return over the last 90 days | |
| FireFly Metals has some characteristics of a very speculative penny stock | |
| FireFly Metals has high historical volatility and very poor performance | |
| FireFly Metals has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (22.45 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| FireFly Metals generates negative cash flow from operations | |
| Latest headline from news.google.com: FireFly Metals begins trading on Toronto Stock Exchange main board By Proactive Investors - Investing.com Australia |
Additional Tools for FireFly Stock Analysis
When running FireFly Metals' price analysis, check to measure FireFly Metals' 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 FireFly Metals is operating at the current time. Most of FireFly Metals' value examination focuses on studying past and present price action to predict the probability of FireFly Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FireFly Metals' price. Additionally, you may evaluate how the addition of FireFly Metals to your portfolios can decrease your overall portfolio volatility.