M3 Mining (Australia) Probability of Future Stock Price Finishing Over 0.04
| M3M Stock | 0.04 0 4.76% |
M3M |
M3 Mining Target Price Odds to finish over 0.04
The tendency of M3M 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 above the current price in 90 days |
| 0.04 | 90 days | 0.04 | about 71.79 |
Based on a normal probability distribution, the odds of M3 Mining to move above the current price in 90 days from now is about 71.79 (This M3 Mining probability density function shows the probability of M3M Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon M3 Mining has a beta of 0.42. This indicates as returns on the market go up, M3 Mining average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding M3 Mining will be expected to be much smaller as well. Additionally M3 Mining has an alpha of 0.4307, implying that it can generate a 0.43 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). M3 Mining Price Density |
| Price |
Predictive Modules for M3 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 M3 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.M3 Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. M3 Mining is not an exception. The market had few large corrections towards the M3 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 M3 Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of M3 Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.43 | |
β | Beta against Dow Jones | 0.42 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.09 |
M3 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 M3 Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for M3 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.| M3 Mining had very high historical volatility over the last 90 days | |
| M3 Mining has some characteristics of a very speculative penny stock | |
| M3 Mining has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 67.97 K. Net Loss for the year was (2.11 K) with loss before overhead, payroll, taxes, and interest of (360.38 K). | |
| M3 Mining generates negative cash flow from operations | |
| About 45.0% of the company outstanding shares are owned by corporate insiders |
M3 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 M3M Stock often depends not only on the future outlook of the current and potential M3 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. M3 Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 51.2 M | |
| Cash And Short Term Investments | 1.9 M |
M3 Mining Technical Analysis
M3 Mining's future price can be derived by breaking down and analyzing its technical indicators over time. M3M Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of M3 Mining. In general, you should focus on analyzing M3M Stock price patterns and their correlations with different microeconomic environments and drivers.
M3 Mining Predictive Forecast Models
M3 Mining's time-series forecasting models is one of many M3 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 M3 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 M3 Mining
Checking the ongoing alerts about M3 Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for M3 Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| M3 Mining had very high historical volatility over the last 90 days | |
| M3 Mining has some characteristics of a very speculative penny stock | |
| M3 Mining has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 67.97 K. Net Loss for the year was (2.11 K) with loss before overhead, payroll, taxes, and interest of (360.38 K). | |
| M3 Mining generates negative cash flow from operations | |
| About 45.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for M3M Stock Analysis
When running M3 Mining's price analysis, check to measure M3 Mining'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 M3 Mining is operating at the current time. Most of M3 Mining's value examination focuses on studying past and present price action to predict the probability of M3 Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move M3 Mining's price. Additionally, you may evaluate how the addition of M3 Mining to your portfolios can decrease your overall portfolio volatility.