Norden Crown Metals Stock Probability of Future Stock Price Finishing Over 0.05
| NOCR Stock | CAD 0.05 0.00 0.00% |
Norden |
Norden Crown Target Price Odds to finish over 0.05
The tendency of Norden 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 above the current price in 90 days |
| 0.05 | 90 days | 0.05 | over 95.57 |
Based on a normal probability distribution, the odds of Norden Crown to move above the current price in 90 days from now is over 95.57 (This Norden Crown Metals probability density function shows the probability of Norden Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Norden Crown Metals has a beta of -1.55. This indicates as returns on its benchmark rise, returns on holding Norden Crown Metals are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Norden Crown is expected to outperform its benchmark. Additionally Norden Crown Metals 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. Norden Crown Price Density |
| Price |
Predictive Modules for Norden Crown
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Norden Crown Metals. 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.Norden Crown Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Norden Crown is not an exception. The market had few large corrections towards the Norden Crown'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 Norden Crown Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Norden Crown within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.17 | |
β | Beta against Dow Jones | -1.55 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.03 |
Norden Crown 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 Norden Crown for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Norden Crown Metals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Norden Crown Metals had very high historical volatility over the last 90 days | |
| Norden Crown Metals has some characteristics of a very speculative penny stock | |
| Norden Crown Metals has a very high chance of going through financial distress in the upcoming years | |
| Norden Crown Metals has accumulated 1.74 M in total debt with debt to equity ratio (D/E) of 0.11, which may suggest the company is not taking enough advantage from borrowing. Norden Crown Metals has a current ratio of 0.69, 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 Norden Crown until it has trouble settling it off, either with new capital or with free cash flow. So, Norden Crown'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 Norden Crown Metals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Norden to invest in growth at high rates of return. When we think about Norden Crown's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.02 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Norden Crown Metals has accumulated about 1.07 M in cash with (642.69 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Latest headline from news.google.com: Norden Crown Identifies New Copper Porphyry, Epithermal Gold, Copper, Silver, Gold CRD Targets at Smart Creek - Marketscreener.com |
Norden Crown 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 Norden Stock often depends not only on the future outlook of the current and potential Norden Crown'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. Norden Crown's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5.3 M |
Norden Crown Technical Analysis
Norden Crown's future price can be derived by breaking down and analyzing its technical indicators over time. Norden Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Norden Crown Metals. In general, you should focus on analyzing Norden Stock price patterns and their correlations with different microeconomic environments and drivers.
Norden Crown Predictive Forecast Models
Norden Crown's time-series forecasting models is one of many Norden Crown'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 Norden Crown'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 Norden Crown Metals
Checking the ongoing alerts about Norden Crown for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Norden Crown Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Norden Crown Metals had very high historical volatility over the last 90 days | |
| Norden Crown Metals has some characteristics of a very speculative penny stock | |
| Norden Crown Metals has a very high chance of going through financial distress in the upcoming years | |
| Norden Crown Metals has accumulated 1.74 M in total debt with debt to equity ratio (D/E) of 0.11, which may suggest the company is not taking enough advantage from borrowing. Norden Crown Metals has a current ratio of 0.69, 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 Norden Crown until it has trouble settling it off, either with new capital or with free cash flow. So, Norden Crown'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 Norden Crown Metals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Norden to invest in growth at high rates of return. When we think about Norden Crown's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.02 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Norden Crown Metals has accumulated about 1.07 M in cash with (642.69 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Latest headline from news.google.com: Norden Crown Identifies New Copper Porphyry, Epithermal Gold, Copper, Silver, Gold CRD Targets at Smart Creek - Marketscreener.com |
Additional Tools for Norden Stock Analysis
When running Norden Crown's price analysis, check to measure Norden Crown'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 Norden Crown is operating at the current time. Most of Norden Crown's value examination focuses on studying past and present price action to predict the probability of Norden Crown's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norden Crown's price. Additionally, you may evaluate how the addition of Norden Crown to your portfolios can decrease your overall portfolio volatility.