Romios Gold Resources Stock Probability of Future Stock Price Finishing Over 0.02
| RG Stock | CAD 0.01 0.01 50.00% |
Romios |
Romios Gold Target Price Odds to finish over 0.02
The tendency of Romios 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$ 0.02 or more in 90 days |
| 0.01 | 90 days | 0.02 | about 36.15 |
Based on a normal probability distribution, the odds of Romios Gold to move over C$ 0.02 or more in 90 days from now is about 36.15 (This Romios Gold Resources probability density function shows the probability of Romios Stock to fall within a particular range of prices over 90 days) . Probability of Romios Gold Resources price to stay between its current price of C$ 0.01 and C$ 0.02 at the end of the 90-day period is about 63.63 .
Given the investment horizon of 90 days Romios Gold Resources has a beta of -5.43 indicating as returns on its benchmark rise, returns on holding Romios Gold Resources are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Romios Gold is expected to outperform its benchmark. In addition to that Romios Gold Resources has an alpha of 4.656, implying that it can generate a 4.66 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Romios Gold Price Density |
| Price |
Predictive Modules for Romios 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 Romios Gold 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.Romios Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Romios Gold is not an exception. The market had few large corrections towards the Romios 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 Romios Gold Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Romios Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 4.66 | |
β | Beta against Dow Jones | -5.43 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.13 |
Romios 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 Romios Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Romios Gold 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.| Romios Gold is way too risky over 90 days horizon | |
| Romios Gold has some characteristics of a very speculative penny stock | |
| Romios Gold appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (2.7 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Romios Gold Resources currently holds about 2.95 M in cash with (1.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Romios 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 Romios Stock often depends not only on the future outlook of the current and potential Romios 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. Romios Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 252.1 M | |
| Shares Float | 221.2 M |
Romios Gold Technical Analysis
Romios Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Romios Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Romios Gold Resources. In general, you should focus on analyzing Romios Stock price patterns and their correlations with different microeconomic environments and drivers.
Romios Gold Predictive Forecast Models
Romios Gold's time-series forecasting models is one of many Romios 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 Romios 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 Romios Gold Resources
Checking the ongoing alerts about Romios Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Romios Gold Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Romios Gold is way too risky over 90 days horizon | |
| Romios Gold has some characteristics of a very speculative penny stock | |
| Romios Gold appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (2.7 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Romios Gold Resources currently holds about 2.95 M in cash with (1.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Additional Tools for Romios Stock Analysis
When running Romios Gold's price analysis, check to measure Romios 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 Romios Gold is operating at the current time. Most of Romios Gold's value examination focuses on studying past and present price action to predict the probability of Romios 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 Romios Gold's price. Additionally, you may evaluate how the addition of Romios Gold to your portfolios can decrease your overall portfolio volatility.