Foran Mining Stock Probability of Future Stock Price Finishing Over 11.45
| FOM Stock | 3.92 0.02 0.51% |
Foran |
Foran Mining Target Price Odds to finish over 11.45
The tendency of Foran 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 11.45 or more in 90 days |
| 3.92 | 90 days | 11.45 | close to zero percent |
Based on a normal probability distribution, the odds of Foran Mining to move over 11.45 or more in 90 days from now is close to zero percent (This Foran Mining probability density function shows the probability of Foran Stock to fall within a particular range of prices over 90 days) . Probability of Foran Mining price to stay between its current price of 3.92 and 11.45 at the end of the 90-day period is about 97.0 .
Assuming the 90 days trading horizon Foran Mining has a beta of 0.61. This usually indicates as returns on the market go up, Foran Mining average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Foran Mining will be expected to be much smaller as well. Additionally Foran Mining 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. Foran Mining Price Density |
| Price |
Predictive Modules for Foran 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 Foran 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.Foran Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Foran Mining is not an exception. The market had few large corrections towards the Foran 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 Foran Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Foran Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.004 | |
β | Beta against Dow Jones | 0.61 | |
σ | Overall volatility | 0.17 | |
Ir | Information ratio | -0.0054 |
Foran 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 Foran Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Foran 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.| Foran Mining generated a negative expected return over the last 90 days | |
| Net Loss for the year was (13.62 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Foran Mining has accumulated about 87.32 M in cash with (6.28 M) of positive cash flow from operations. | |
| Roughly 20.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Foran Mining Secures C20 Million for Green Project - TipRanks |
Foran 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 Foran Stock often depends not only on the future outlook of the current and potential Foran 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. Foran Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 280.4 M | |
| Cash And Short Term Investments | 266.5 M |
Foran Mining Technical Analysis
Foran Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Foran Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Foran Mining. In general, you should focus on analyzing Foran Stock price patterns and their correlations with different microeconomic environments and drivers.
Foran Mining Predictive Forecast Models
Foran Mining's time-series forecasting models is one of many Foran 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 Foran 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 Foran Mining
Checking the ongoing alerts about Foran Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Foran Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Foran Mining generated a negative expected return over the last 90 days | |
| Net Loss for the year was (13.62 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Foran Mining has accumulated about 87.32 M in cash with (6.28 M) of positive cash flow from operations. | |
| Roughly 20.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Foran Mining Secures C20 Million for Green Project - TipRanks |
Other Information on Investing in Foran Stock
Foran Mining financial ratios help investors to determine whether Foran 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 Foran with respect to the benefits of owning Foran Mining security.