Nulegacy Gold Stock Probability of Future Stock Price Finishing Under 0.0048
| NUG Stock | CAD 0.01 0.01 50.00% |
Nulegacy |
Nulegacy Gold Target Price Odds to finish below 0.0048
The tendency of Nulegacy 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 drop to C$ 0 or more in 90 days |
| 0.01 | 90 days | 0 | near 1 |
Based on a normal probability distribution, the odds of Nulegacy Gold to drop to C$ 0 or more in 90 days from now is near 1 (This Nulegacy Gold probability density function shows the probability of Nulegacy Stock to fall within a particular range of prices over 90 days) . Probability of Nulegacy Gold price to stay between C$ 0 and its current price of C$0.005 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon Nulegacy Gold has a beta of -0.16. This indicates as returns on the benchmark increase, returns on holding Nulegacy Gold are expected to decrease at a much lower rate. During a bear market, however, Nulegacy Gold is likely to outperform the market. Additionally Nulegacy Gold 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. Nulegacy Gold Price Density |
| Price |
Predictive Modules for Nulegacy 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 Nulegacy Gold. 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.Nulegacy Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nulegacy Gold is not an exception. The market had few large corrections towards the Nulegacy 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 Nulegacy Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nulegacy Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.83 | |
β | Beta against Dow Jones | -0.16 | |
σ | Overall volatility | 0.0009 | |
Ir | Information ratio | -0.13 |
Nulegacy 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 Nulegacy Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nulegacy Gold can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nulegacy Gold generated a negative expected return over the last 90 days | |
| Nulegacy Gold has high historical volatility and very poor performance | |
| Nulegacy Gold has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (1.46 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Nulegacy Gold has accumulated about 6.19 M in cash with (1.35 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Nulegacy 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 Nulegacy Stock often depends not only on the future outlook of the current and potential Nulegacy 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. Nulegacy Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 605.2 M | |
| Cash And Short Term Investments | 203.8 K |
Nulegacy Gold Technical Analysis
Nulegacy Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Nulegacy Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nulegacy Gold. In general, you should focus on analyzing Nulegacy Stock price patterns and their correlations with different microeconomic environments and drivers.
Nulegacy Gold Predictive Forecast Models
Nulegacy Gold's time-series forecasting models is one of many Nulegacy Gold'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 Nulegacy 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 stock market movement and maximize returns from investment trading.
Things to note about Nulegacy Gold
Checking the ongoing alerts about Nulegacy Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nulegacy Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nulegacy Gold generated a negative expected return over the last 90 days | |
| Nulegacy Gold has high historical volatility and very poor performance | |
| Nulegacy Gold has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (1.46 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Nulegacy Gold has accumulated about 6.19 M in cash with (1.35 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Additional Tools for Nulegacy Stock Analysis
When running Nulegacy Gold's price analysis, check to measure Nulegacy Gold'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 Nulegacy Gold is operating at the current time. Most of Nulegacy Gold's value examination focuses on studying past and present price action to predict the probability of Nulegacy Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nulegacy Gold's price. Additionally, you may evaluate how the addition of Nulegacy Gold to your portfolios can decrease your overall portfolio volatility.