Mirasol Resources Stock Probability of Future Stock Price Finishing Over 0.4753

MRZ Stock  CAD 0.49  0.01  2.00%   
Mirasol Resources' future price is the expected price of Mirasol Resources 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 Mirasol Resources performance during a given time horizon utilizing its historical volatility. Check out Mirasol Resources Backtesting, Mirasol Resources Valuation, Mirasol Resources Correlation, Mirasol Resources Hype Analysis, Mirasol Resources Volatility, Mirasol Resources History as well as Mirasol Resources Performance.
  
At this time, Mirasol Resources' Price To Sales Ratio is fairly stable compared to the past year. Price Earnings To Growth Ratio is likely to climb to 0.12 in 2024, whereas Price Book Value Ratio is likely to drop 5.06 in 2024. Please specify Mirasol Resources' target price for which you would like Mirasol Resources odds to be computed.

Mirasol Resources Target Price Odds to finish over 0.4753

The tendency of Mirasol 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 above C$ 0.48  in 90 days
 0.49 90 days 0.48 
about 16.19
Based on a normal probability distribution, the odds of Mirasol Resources to stay above C$ 0.48  in 90 days from now is about 16.19 (This Mirasol Resources probability density function shows the probability of Mirasol Stock to fall within a particular range of prices over 90 days) . Probability of Mirasol Resources price to stay between C$ 0.48  and its current price of C$0.49 at the end of the 90-day period is about 6.77 .
Assuming the 90 days horizon Mirasol Resources has a beta of -0.008. This indicates as returns on the benchmark increase, returns on holding Mirasol Resources are expected to decrease at a much lower rate. During a bear market, however, Mirasol Resources is likely to outperform the market. Additionally Mirasol Resources has an alpha of 0.2128, implying that it can generate a 0.21 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Mirasol Resources Price Density   
       Price  

Predictive Modules for Mirasol Resources

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mirasol Resources. 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
0.020.493.74
Details
Intrinsic
Valuation
LowRealHigh
0.020.393.64
Details
Naive
Forecast
LowNextHigh
0.010.553.79
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.410.450.49
Details

Mirasol Resources Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Mirasol Resources is not an exception. The market had few large corrections towards the Mirasol Resources' 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 Mirasol Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mirasol Resources within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.21
β
Beta against Dow Jones-0.008
σ
Overall volatility
0.03
Ir
Information ratio 0.03

Mirasol Resources 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 Mirasol Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mirasol Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Mirasol Resources has some characteristics of a very speculative penny stock
Mirasol Resources had very high historical volatility over the last 90 days
Net Loss for the year was (8.92 M) with profit before overhead, payroll, taxes, and interest of 496.7 K.
Mirasol Resources has accumulated about 22.28 M in cash with (8.31 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.41.
Roughly 27.0% of the company outstanding shares are owned by corporate insiders
Latest headline from news.google.com: Ted Dixon - The Globe and Mail

Mirasol Resources 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 Mirasol Stock often depends not only on the future outlook of the current and potential Mirasol Resources' 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. Mirasol Resources' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding69.7 M

Mirasol Resources Technical Analysis

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

Mirasol Resources Predictive Forecast Models

Mirasol Resources' time-series forecasting models is one of many Mirasol Resources' 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 Mirasol Resources' 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 Mirasol Resources

Checking the ongoing alerts about Mirasol Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mirasol Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Mirasol Resources has some characteristics of a very speculative penny stock
Mirasol Resources had very high historical volatility over the last 90 days
Net Loss for the year was (8.92 M) with profit before overhead, payroll, taxes, and interest of 496.7 K.
Mirasol Resources has accumulated about 22.28 M in cash with (8.31 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.41.
Roughly 27.0% of the company outstanding shares are owned by corporate insiders
Latest headline from news.google.com: Ted Dixon - The Globe and Mail

Additional Tools for Mirasol Stock Analysis

When running Mirasol Resources' price analysis, check to measure Mirasol Resources' 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 Mirasol Resources is operating at the current time. Most of Mirasol Resources' value examination focuses on studying past and present price action to predict the probability of Mirasol Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirasol Resources' price. Additionally, you may evaluate how the addition of Mirasol Resources to your portfolios can decrease your overall portfolio volatility.