Northern Graphite Stock Probability of Future Stock Price Finishing Over 34.36
| NGC Stock | CAD 0.15 0.01 6.25% |
Northern |
Northern Graphite Target Price Odds to finish over 34.36
The tendency of Northern 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$ 34.36 or more in 90 days |
| 0.15 | 90 days | 34.36 | close to zero percent |
Based on a normal probability distribution, the odds of Northern Graphite to move over C$ 34.36 or more in 90 days from now is close to zero percent (This Northern Graphite probability density function shows the probability of Northern Stock to fall within a particular range of prices over 90 days) . Probability of Northern Graphite price to stay between its current price of C$ 0.15 and C$ 34.36 at the end of the 90-day period is under 4.
Assuming the 90 days horizon Northern Graphite has a beta of 0.66. This indicates as returns on the market go up, Northern Graphite average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Northern Graphite will be expected to be much smaller as well. Moreover Northern Graphite has an alpha of 1.7056, implying that it can generate a 1.71 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Northern Graphite Price Density |
| Price |
Predictive Modules for Northern Graphite
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Northern Graphite. 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.Northern Graphite Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Northern Graphite is not an exception. The market had few large corrections towards the Northern Graphite'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 Northern Graphite, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Northern Graphite within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.71 | |
β | Beta against Dow Jones | 0.66 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.15 |
Northern Graphite 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 Northern Graphite for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Northern Graphite can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Northern Graphite is way too risky over 90 days horizon | |
| Northern Graphite has some characteristics of a very speculative penny stock | |
| Northern Graphite appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 17.1 M. Net Loss for the year was (23.64 M) with loss before overhead, payroll, taxes, and interest of (1.49 M). | |
| Northern Graphite has accumulated about 1.75 M in cash with (4.73 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. |
Northern Graphite 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 Northern Stock often depends not only on the future outlook of the current and potential Northern Graphite'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. Northern Graphite's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 128.7 M | |
| Cash And Short Term Investments | 3.6 M |
Northern Graphite Technical Analysis
Northern Graphite's future price can be derived by breaking down and analyzing its technical indicators over time. Northern Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Northern Graphite. In general, you should focus on analyzing Northern Stock price patterns and their correlations with different microeconomic environments and drivers.
Northern Graphite Predictive Forecast Models
Northern Graphite's time-series forecasting models is one of many Northern Graphite'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 Northern Graphite'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 Northern Graphite
Checking the ongoing alerts about Northern Graphite for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Northern Graphite help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Northern Graphite is way too risky over 90 days horizon | |
| Northern Graphite has some characteristics of a very speculative penny stock | |
| Northern Graphite appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 17.1 M. Net Loss for the year was (23.64 M) with loss before overhead, payroll, taxes, and interest of (1.49 M). | |
| Northern Graphite has accumulated about 1.75 M in cash with (4.73 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. |
Additional Tools for Northern Stock Analysis
When running Northern Graphite's price analysis, check to measure Northern Graphite'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 Northern Graphite is operating at the current time. Most of Northern Graphite's value examination focuses on studying past and present price action to predict the probability of Northern Graphite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Graphite's price. Additionally, you may evaluate how the addition of Northern Graphite to your portfolios can decrease your overall portfolio volatility.