MetalsGrove Mining (Australia) Probability of Future Stock Price Finishing Under 0.06

MGA Stock   0.06  0  6.78%   
MetalsGrove Mining's future price is the expected price of MetalsGrove Mining instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of MetalsGrove Mining performance during a given time horizon utilizing its historical volatility. Check out MetalsGrove Mining Backtesting, MetalsGrove Mining Valuation, MetalsGrove Mining Correlation, MetalsGrove Mining Hype Analysis, MetalsGrove Mining Volatility, MetalsGrove Mining History as well as MetalsGrove Mining Performance.
  
Please specify MetalsGrove Mining's target price for which you would like MetalsGrove Mining odds to be computed.

MetalsGrove Mining Target Price Odds to finish below 0.06

The tendency of MetalsGrove 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 PriceHorizonTarget PriceOdds to stay under  0.06  after 90 days
 0.06 90 days 0.06 
about 12.12
Based on a normal probability distribution, the odds of MetalsGrove Mining to stay under  0.06  after 90 days from now is about 12.12 (This MetalsGrove Mining probability density function shows the probability of MetalsGrove Stock to fall within a particular range of prices over 90 days) . Probability of MetalsGrove Mining price to stay between its current price of  0.06  and  0.06  at the end of the 90-day period is about 5.32 .
Assuming the 90 days trading horizon MetalsGrove Mining has a beta of -1.23. This indicates as returns on its benchmark rise, returns on holding MetalsGrove Mining are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, MetalsGrove Mining is expected to outperform its benchmark. Additionally MetalsGrove Mining has an alpha of 0.123, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   MetalsGrove Mining Price Density   
       Price  

Predictive Modules for MetalsGrove 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 MetalsGrove 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.
Hype
Prediction
LowEstimatedHigh
0.000.064.77
Details
Intrinsic
Valuation
LowRealHigh
0.000.054.76
Details
Naive
Forecast
LowNextHigh
00.054.77
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.060.060.06
Details

MetalsGrove Mining Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. MetalsGrove Mining is not an exception. The market had few large corrections towards the MetalsGrove 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 MetalsGrove Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MetalsGrove Mining within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.12
β
Beta against Dow Jones-1.23
σ
Overall volatility
0.02
Ir
Information ratio -0.02

MetalsGrove 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 MetalsGrove Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MetalsGrove 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.
MetalsGrove Mining generated a negative expected return over the last 90 days
MetalsGrove Mining has some characteristics of a very speculative penny stock
MetalsGrove Mining has high historical volatility and very poor performance
The company reported the revenue of 50.39 K. Net Loss for the year was (3.35 M) with profit before overhead, payroll, taxes, and interest of 76.36 K.
MetalsGrove Mining has accumulated about 3.1 M in cash with (1.03 M) of positive cash flow from operations.
Roughly 76.0% of the company outstanding shares are owned by corporate insiders
Latest headline from news.google.com: MetalsGrove Mining Directors Strategic Interest Shift - TipRanks

MetalsGrove 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 MetalsGrove Stock often depends not only on the future outlook of the current and potential MetalsGrove 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. MetalsGrove Mining's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding57.6 M
Cash And Short Term Investments2.7 M

MetalsGrove Mining Technical Analysis

MetalsGrove Mining's future price can be derived by breaking down and analyzing its technical indicators over time. MetalsGrove Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MetalsGrove Mining. In general, you should focus on analyzing MetalsGrove Stock price patterns and their correlations with different microeconomic environments and drivers.

MetalsGrove Mining Predictive Forecast Models

MetalsGrove Mining's time-series forecasting models is one of many MetalsGrove 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 MetalsGrove 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 MetalsGrove Mining

Checking the ongoing alerts about MetalsGrove Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MetalsGrove Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
MetalsGrove Mining generated a negative expected return over the last 90 days
MetalsGrove Mining has some characteristics of a very speculative penny stock
MetalsGrove Mining has high historical volatility and very poor performance
The company reported the revenue of 50.39 K. Net Loss for the year was (3.35 M) with profit before overhead, payroll, taxes, and interest of 76.36 K.
MetalsGrove Mining has accumulated about 3.1 M in cash with (1.03 M) of positive cash flow from operations.
Roughly 76.0% of the company outstanding shares are owned by corporate insiders
Latest headline from news.google.com: MetalsGrove Mining Directors Strategic Interest Shift - TipRanks

Additional Tools for MetalsGrove Stock Analysis

When running MetalsGrove Mining's price analysis, check to measure MetalsGrove 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 MetalsGrove Mining is operating at the current time. Most of MetalsGrove Mining's value examination focuses on studying past and present price action to predict the probability of MetalsGrove 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 MetalsGrove Mining's price. Additionally, you may evaluate how the addition of MetalsGrove Mining to your portfolios can decrease your overall portfolio volatility.