Nicola Mining Stock Probability of Future Stock Price Finishing Over 0.35
| NIM Stock | CAD 0.27 0.01 3.57% |
Nicola |
Nicola Mining Target Price Odds to finish over 0.35
The tendency of Nicola 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$ 0.35 or more in 90 days |
| 0.27 | 90 days | 0.35 | about 7.58 |
Based on a normal probability distribution, the odds of Nicola Mining to move over C$ 0.35 or more in 90 days from now is about 7.58 (This Nicola Mining probability density function shows the probability of Nicola Stock to fall within a particular range of prices over 90 days) . Probability of Nicola Mining price to stay between its current price of C$ 0.27 and C$ 0.35 at the end of the 90-day period is about 84.83 .
Assuming the 90 days horizon Nicola Mining has a beta of -0.56. This indicates as returns on the benchmark increase, returns on holding Nicola Mining are expected to decrease at a much lower rate. During a bear market, however, Nicola Mining is likely to outperform the market. Additionally Nicola Mining has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Nicola Mining Price Density |
| Price |
Predictive Modules for Nicola 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 Nicola 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.Nicola Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nicola Mining is not an exception. The market had few large corrections towards the Nicola 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 Nicola Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nicola Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.3 | |
β | Beta against Dow Jones | -0.56 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -0.11 |
Nicola 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 Nicola Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nicola 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.| Nicola Mining generated a negative expected return over the last 90 days | |
| Nicola Mining has some characteristics of a very speculative penny stock | |
| Nicola Mining has high historical volatility and very poor performance | |
| Nicola Mining has high likelihood to experience some financial distress in the next 2 years | |
| Nicola Mining has accumulated 4.25 M in total debt. Nicola Mining has a current ratio of 0.11, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nicola Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Nicola Mining's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nicola Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nicola to invest in growth at high rates of return. When we think about Nicola Mining's use of debt, we should always consider it together with cash and equity. | |
| About 22.0% of the company outstanding shares are owned by corporate insiders |
Nicola 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 Nicola Stock often depends not only on the future outlook of the current and potential Nicola 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. Nicola Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 161.5 M | |
| Cash And Short Term Investments | 4.8 M |
Nicola Mining Technical Analysis
Nicola Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Nicola Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nicola Mining. In general, you should focus on analyzing Nicola Stock price patterns and their correlations with different microeconomic environments and drivers.
Nicola Mining Predictive Forecast Models
Nicola Mining's time-series forecasting models is one of many Nicola 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 Nicola 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 Nicola Mining
Checking the ongoing alerts about Nicola Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nicola Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nicola Mining generated a negative expected return over the last 90 days | |
| Nicola Mining has some characteristics of a very speculative penny stock | |
| Nicola Mining has high historical volatility and very poor performance | |
| Nicola Mining has high likelihood to experience some financial distress in the next 2 years | |
| Nicola Mining has accumulated 4.25 M in total debt. Nicola Mining has a current ratio of 0.11, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nicola Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Nicola Mining's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nicola Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nicola to invest in growth at high rates of return. When we think about Nicola Mining's use of debt, we should always consider it together with cash and equity. | |
| About 22.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Nicola Stock Analysis
When running Nicola Mining's price analysis, check to measure Nicola 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 Nicola Mining is operating at the current time. Most of Nicola Mining's value examination focuses on studying past and present price action to predict the probability of Nicola 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 Nicola Mining's price. Additionally, you may evaluate how the addition of Nicola Mining to your portfolios can decrease your overall portfolio volatility.