Nighthawk Gold Corp Probability of Future Pink Sheet Price Finishing Over 0.492
MIMZFDelisted Stock | USD 0.41 0.01 2.50% |
Nighthawk |
Nighthawk Gold Target Price Odds to finish over 0.492
The tendency of Nighthawk Pink Sheet 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 $ 0.49 or more in 90 days |
0.41 | 90 days | 0.49 | near 1 |
Based on a normal probability distribution, the odds of Nighthawk Gold to move over $ 0.49 or more in 90 days from now is near 1 (This Nighthawk Gold Corp probability density function shows the probability of Nighthawk Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Nighthawk Gold Corp price to stay between its current price of $ 0.41 and $ 0.49 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon Nighthawk Gold Corp has a beta of -1.44. This indicates as returns on its benchmark rise, returns on holding Nighthawk Gold Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Nighthawk Gold is expected to outperform its benchmark. Additionally Nighthawk Gold Corp has an alpha of 0.8195, implying that it can generate a 0.82 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Nighthawk Gold Price Density |
Price |
Predictive Modules for Nighthawk 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 Nighthawk Gold Corp. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Nighthawk Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nighthawk Gold is not an exception. The market had few large corrections towards the Nighthawk 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 Nighthawk Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nighthawk Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.82 | |
β | Beta against Dow Jones | -1.44 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.10 |
Nighthawk 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 Nighthawk Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nighthawk 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.Nighthawk Gold Corp is not yet fully synchronised with the market data | |
Nighthawk Gold Corp has some characteristics of a very speculative penny stock | |
Nighthawk Gold Corp has a very high chance of going through financial distress in the upcoming years | |
Net Loss for the year was (28.88 M) with profit before overhead, payroll, taxes, and interest of 0. | |
Nighthawk Gold Corp has accumulated about 31.56 M in cash with (34.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.26. |
Nighthawk 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 Nighthawk Pink Sheet often depends not only on the future outlook of the current and potential Nighthawk 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. Nighthawk Gold's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding | 86.2 M |
Nighthawk Gold Technical Analysis
Nighthawk Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Nighthawk Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nighthawk Gold Corp. In general, you should focus on analyzing Nighthawk Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Nighthawk Gold Predictive Forecast Models
Nighthawk Gold's time-series forecasting models is one of many Nighthawk Gold's pink sheet 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 Nighthawk 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Nighthawk Gold Corp
Checking the ongoing alerts about Nighthawk Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nighthawk Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Nighthawk Gold Corp is not yet fully synchronised with the market data | |
Nighthawk Gold Corp has some characteristics of a very speculative penny stock | |
Nighthawk Gold Corp has a very high chance of going through financial distress in the upcoming years | |
Net Loss for the year was (28.88 M) with profit before overhead, payroll, taxes, and interest of 0. | |
Nighthawk Gold Corp has accumulated about 31.56 M in cash with (34.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.26. |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Other Consideration for investing in Nighthawk Pink Sheet
If you are still planning to invest in Nighthawk Gold Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nighthawk Gold's history and understand the potential risks before investing.
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