Filo Mining Corp Stock Probability of Future Stock Price Finishing Under 22.40
| FIL Stock | 31.79 0.03 0.09% |
Filo |
Filo Mining Target Price Odds to finish below 22.40
The tendency of Filo 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 22.40 or more in 90 days |
| 31.79 | 90 days | 22.40 | near 1 |
Based on a normal probability distribution, the odds of Filo Mining to drop to 22.40 or more in 90 days from now is near 1 (This Filo Mining Corp probability density function shows the probability of Filo Stock to fall within a particular range of prices over 90 days) . Probability of Filo Mining Corp price to stay between 22.40 and its current price of 31.79 at the end of the 90-day period is about 7.01 .
Assuming the 90 days trading horizon Filo Mining has a beta of 0.0758. This usually indicates as returns on the market go up, Filo Mining average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Filo Mining Corp will be expected to be much smaller as well. Additionally Filo Mining Corp 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. Filo Mining Price Density |
| Price |
Predictive Modules for Filo Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Filo Mining Corp. 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.Filo Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Filo Mining is not an exception. The market had few large corrections towards the Filo Mining'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 Filo Mining Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Filo Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 0.08 | |
σ | Overall volatility | 0.36 | |
Ir | Information ratio | -0.06 |
Filo Mining 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 Filo Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Filo Mining 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.| Filo Mining Corp generated a negative expected return over the last 90 days | |
| Filo Mining Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (115.11 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Filo Mining generates negative cash flow from operations | |
| About 34.0% of the company shares are held by company insiders |
Filo Mining 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 Filo Stock often depends not only on the future outlook of the current and potential Filo Mining'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. Filo Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 127.5 M | |
| Cash And Short Term Investments | 108.1 M | |
| Shares Float | 89.8 M |
Filo Mining Technical Analysis
Filo Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Filo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Filo Mining Corp. In general, you should focus on analyzing Filo Stock price patterns and their correlations with different microeconomic environments and drivers.
Filo Mining Predictive Forecast Models
Filo Mining's time-series forecasting models is one of many Filo Mining'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 Filo Mining'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 Filo Mining Corp
Checking the ongoing alerts about Filo Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Filo Mining Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Filo Mining Corp generated a negative expected return over the last 90 days | |
| Filo Mining Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (115.11 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Filo Mining generates negative cash flow from operations | |
| About 34.0% of the company shares are held by company insiders |
Other Information on Investing in Filo Stock
Filo Mining financial ratios help investors to determine whether Filo 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 Filo with respect to the benefits of owning Filo Mining security.