Mega Uranium Stock Probability of Future Stock Price Finishing Over 0.38
| MGA Stock | CAD 0.35 0.01 2.78% |
Mega |
Mega Uranium Target Price Odds to finish over 0.38
The tendency of Mega 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 C$ 0.38 or more in 90 days |
| 0.35 | 90 days | 0.38 | about 10.28 |
Based on a normal probability distribution, the odds of Mega Uranium to move over C$ 0.38 or more in 90 days from now is about 10.28 (This Mega Uranium probability density function shows the probability of Mega Stock to fall within a particular range of prices over 90 days) . Probability of Mega Uranium price to stay between its current price of C$ 0.35 and C$ 0.38 at the end of the 90-day period is about 27.3 .
Assuming the 90 days trading horizon Mega Uranium has a beta of -0.16. This indicates as returns on the benchmark increase, returns on holding Mega Uranium are expected to decrease at a much lower rate. During a bear market, however, Mega Uranium is likely to outperform the market. Additionally Mega Uranium has an alpha of 0.2954, implying that it can generate a 0.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Mega Uranium Price Density |
| Price |
Predictive Modules for Mega Uranium
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mega Uranium. 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.Mega Uranium Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mega Uranium is not an exception. The market had few large corrections towards the Mega Uranium'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 Mega Uranium, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mega Uranium within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.30 | |
β | Beta against Dow Jones | -0.16 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.06 |
Mega Uranium 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 Mega Uranium for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mega Uranium can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Mega Uranium has some characteristics of a very speculative penny stock | |
| Mega Uranium had very high historical volatility over the last 90 days | |
| Mega Uranium has accumulated about 10 K in cash with (644 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: Mega Uranium Stock Price Down 2.8 percent - Should You Sell - MarketBeat |
Mega Uranium 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 Mega Stock often depends not only on the future outlook of the current and potential Mega Uranium'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. Mega Uranium's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 367.6 M | |
| Cash And Short Term Investments | 25.6 M |
Mega Uranium Technical Analysis
Mega Uranium's future price can be derived by breaking down and analyzing its technical indicators over time. Mega Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mega Uranium. In general, you should focus on analyzing Mega Stock price patterns and their correlations with different microeconomic environments and drivers.
Mega Uranium Predictive Forecast Models
Mega Uranium's time-series forecasting models is one of many Mega Uranium'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 Mega Uranium'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 Mega Uranium
Checking the ongoing alerts about Mega Uranium for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mega Uranium help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mega Uranium has some characteristics of a very speculative penny stock | |
| Mega Uranium had very high historical volatility over the last 90 days | |
| Mega Uranium has accumulated about 10 K in cash with (644 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: Mega Uranium Stock Price Down 2.8 percent - Should You Sell - MarketBeat |
Other Information on Investing in Mega Stock
Mega Uranium financial ratios help investors to determine whether Mega 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 Mega with respect to the benefits of owning Mega Uranium security.