Kinross Gold Corp Stock Probability of Future Stock Price Finishing Under 4.63
| K Stock | CAD 13.71 0.15 1.08% |
Kinross |
Kinross Gold Target Price Odds to finish below 4.63
The tendency of Kinross 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 C$ 4.63 or more in 90 days |
| 13.71 | 90 days | 4.63 | near 1 |
Based on a normal probability distribution, the odds of Kinross Gold to drop to C$ 4.63 or more in 90 days from now is near 1 (This Kinross Gold Corp probability density function shows the probability of Kinross Stock to fall within a particular range of prices over 90 days) . Probability of Kinross Gold Corp price to stay between C$ 4.63 and its current price of C$13.71 at the end of the 90-day period is about 66.14 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.02 . This indicates Kinross Gold Corp market returns are highly reactive to returns on the market. As the market goes up or down, Kinross Gold is expected to follow. Additionally Kinross Gold Corp has an alpha of 0.1214, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Kinross Gold Price Density |
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Predictive Modules for Kinross Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kinross Gold 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kinross Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Kinross Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kinross Gold is not an exception. The market had few large corrections towards the Kinross Gold'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 Kinross Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kinross Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | 1.02 | |
σ | Overall volatility | 0.91 | |
Ir | Information ratio | 0.05 |
Kinross Gold 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 Kinross Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Kinross Gold 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.| Kinross Gold Corp is unlikely to experience financial distress in the next 2 years | |
| About 69.0% of the company shares are owned by institutional investors |
Kinross Gold 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 Kinross Stock often depends not only on the future outlook of the current and potential Kinross Gold'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. Kinross Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.2 B | |
| Cash And Short Term Investments | 352.4 M |
Kinross Gold Technical Analysis
Kinross Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Kinross Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kinross Gold Corp. In general, you should focus on analyzing Kinross Stock price patterns and their correlations with different microeconomic environments and drivers.
Kinross Gold Predictive Forecast Models
Kinross Gold's time-series forecasting models is one of many Kinross Gold'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 Kinross Gold'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 Kinross Gold Corp
Checking the ongoing alerts about Kinross Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Kinross Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Kinross Gold Corp is unlikely to experience financial distress in the next 2 years | |
| About 69.0% of the company shares are owned by institutional investors |
Other Information on Investing in Kinross Stock
Kinross Gold financial ratios help investors to determine whether Kinross 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 Kinross with respect to the benefits of owning Kinross Gold security.