Gold Royalty Corp Stock Probability of Future Stock Price Finishing Over 9.38
| GROY Stock | USD 1.25 0.02 1.57% |
Gold |
Gold Royalty Target Price Odds to finish over 9.38
The tendency of Gold 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 $ 9.38 or more in 90 days |
| 1.25 | 90 days | 9.38 | close to zero percent |
Based on a normal probability distribution, the odds of Gold Royalty to move over $ 9.38 or more in 90 days from now is close to zero percent (This Gold Royalty Corp probability density function shows the probability of Gold Stock to fall within a particular range of prices over 90 days) . Probability of Gold Royalty Corp price to stay between its current price of $ 1.25 and $ 9.38 at the end of the 90-day period is about 90.99 .
Given the investment horizon of 90 days Gold Royalty Corp has a beta of -0.21. This usually indicates as returns on the benchmark increase, returns on holding Gold Royalty are expected to decrease at a much lower rate. During a bear market, however, Gold Royalty Corp is likely to outperform the market. Additionally Gold Royalty Corp has an alpha of 0.1377, implying that it can generate a 0.14 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Gold Royalty Price Density |
| Price |
Predictive Modules for Gold Royalty
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gold Royalty 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.Gold Royalty Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Gold Royalty is not an exception. The market had few large corrections towards the Gold Royalty'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 Gold Royalty Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Gold Royalty within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.14 | |
β | Beta against Dow Jones | -0.21 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | 0.01 |
Gold Royalty 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 Gold Royalty for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Gold Royalty 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.| Gold Royalty Corp generated a negative expected return over the last 90 days | |
| Gold Royalty Corp may become a speculative penny stock | |
| Gold Royalty Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 3.05 M. Net Loss for the year was (26.76 M) with profit before overhead, payroll, taxes, and interest of 3.94 M. | |
| Gold Royalty Corp currently holds about 5.85 M in cash with (7.92 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13. | |
| Gold Royalty Corp has a frail financial position based on the latest SEC disclosures | |
| Roughly 26.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: First Gold Royalty Revenues Received From Castle Hill and Bulong Royalties in Western Australia - Barchart |
Gold Royalty 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 Gold Stock often depends not only on the future outlook of the current and potential Gold Royalty'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. Gold Royalty's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 144.7 M | |
| Dividends Paid | 2.6 M |
Gold Royalty Technical Analysis
Gold Royalty's future price can be derived by breaking down and analyzing its technical indicators over time. Gold Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Gold Royalty Corp. In general, you should focus on analyzing Gold Stock price patterns and their correlations with different microeconomic environments and drivers.
Gold Royalty Predictive Forecast Models
Gold Royalty's time-series forecasting models is one of many Gold Royalty'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 Gold Royalty'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 Gold Royalty Corp
Checking the ongoing alerts about Gold Royalty for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Gold Royalty Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Gold Royalty Corp generated a negative expected return over the last 90 days | |
| Gold Royalty Corp may become a speculative penny stock | |
| Gold Royalty Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 3.05 M. Net Loss for the year was (26.76 M) with profit before overhead, payroll, taxes, and interest of 3.94 M. | |
| Gold Royalty Corp currently holds about 5.85 M in cash with (7.92 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13. | |
| Gold Royalty Corp has a frail financial position based on the latest SEC disclosures | |
| Roughly 26.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: First Gold Royalty Revenues Received From Castle Hill and Bulong Royalties in Western Australia - Barchart |
Additional Tools for Gold Stock Analysis
When running Gold Royalty's price analysis, check to measure Gold Royalty'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 Gold Royalty is operating at the current time. Most of Gold Royalty's value examination focuses on studying past and present price action to predict the probability of Gold Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Royalty's price. Additionally, you may evaluate how the addition of Gold Royalty to your portfolios can decrease your overall portfolio volatility.