Legacy Iron (Australia) Probability of Future Stock Price Finishing Under 0.00903
| LCY Stock | 0.01 0 9.09% |
Legacy |
Legacy Iron Target Price Odds to finish below 0.00903
The tendency of Legacy 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 0.01 or more in 90 days |
| 0.01 | 90 days | 0.01 | near 1 |
Based on a normal probability distribution, the odds of Legacy Iron to drop to 0.01 or more in 90 days from now is near 1 (This Legacy Iron Ore probability density function shows the probability of Legacy Stock to fall within a particular range of prices over 90 days) . Probability of Legacy Iron Ore price to stay between 0.01 and its current price of 0.01 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Legacy Iron Ore has a beta of -0.5. This indicates as returns on the benchmark increase, returns on holding Legacy Iron are expected to decrease at a much lower rate. During a bear market, however, Legacy Iron Ore is likely to outperform the market. Additionally Legacy Iron Ore 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. Legacy Iron Price Density |
| Price |
Predictive Modules for Legacy Iron
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Legacy Iron Ore. 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.Legacy Iron Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Legacy Iron is not an exception. The market had few large corrections towards the Legacy Iron'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 Legacy Iron Ore, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Legacy Iron within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.3 | |
β | Beta against Dow Jones | -0.5 | |
σ | Overall volatility | 0.0009 | |
Ir | Information ratio | -0.15 |
Legacy Iron 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 Legacy Iron for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Legacy Iron Ore can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Legacy Iron Ore generated a negative expected return over the last 90 days | |
| Legacy Iron Ore has some characteristics of a very speculative penny stock | |
| Legacy Iron Ore has high historical volatility and very poor performance | |
| Legacy Iron Ore has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 2.08 M. Net Loss for the year was (9.59 M) with profit before overhead, payroll, taxes, and interest of 3.71 M. | |
| Legacy Iron Ore has accumulated about 490.83 K in cash with (9.95 M) of positive cash flow from operations. | |
| Roughly 95.0% of the company outstanding shares are owned by corporate insiders |
Legacy Iron 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 Legacy Stock often depends not only on the future outlook of the current and potential Legacy Iron'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. Legacy Iron's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6.7 B | |
| Cash And Short Term Investments | 15.3 M |
Legacy Iron Technical Analysis
Legacy Iron's future price can be derived by breaking down and analyzing its technical indicators over time. Legacy Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Legacy Iron Ore. In general, you should focus on analyzing Legacy Stock price patterns and their correlations with different microeconomic environments and drivers.
Legacy Iron Predictive Forecast Models
Legacy Iron's time-series forecasting models is one of many Legacy Iron'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 Legacy Iron'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 Legacy Iron Ore
Checking the ongoing alerts about Legacy Iron for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Legacy Iron Ore help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Legacy Iron Ore generated a negative expected return over the last 90 days | |
| Legacy Iron Ore has some characteristics of a very speculative penny stock | |
| Legacy Iron Ore has high historical volatility and very poor performance | |
| Legacy Iron Ore has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 2.08 M. Net Loss for the year was (9.59 M) with profit before overhead, payroll, taxes, and interest of 3.71 M. | |
| Legacy Iron Ore has accumulated about 490.83 K in cash with (9.95 M) of positive cash flow from operations. | |
| Roughly 95.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Legacy Stock Analysis
When running Legacy Iron's price analysis, check to measure Legacy Iron'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 Legacy Iron is operating at the current time. Most of Legacy Iron's value examination focuses on studying past and present price action to predict the probability of Legacy Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legacy Iron's price. Additionally, you may evaluate how the addition of Legacy Iron to your portfolios can decrease your overall portfolio volatility.