Rand Mining (Australia) Probability of Future Stock Price Finishing Over 1.48
| RND Stock | 1.48 0.03 2.07% |
Rand |
Rand Mining Target Price Odds to finish over 1.48
The tendency of Rand 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 |
| 1.48 | 90 days | 1.48 | more than 94.0 |
Based on a normal probability distribution, the odds of Rand Mining to move above the current price in 90 days from now is more than 94.0 (This Rand Mining probability density function shows the probability of Rand Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Rand Mining has a beta of -0.43 indicating as returns on the benchmark increase, returns on holding Rand Mining are expected to decrease at a much lower rate. During a bear market, however, Rand Mining is likely to outperform the market. Additionally Rand 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. Rand Mining Price Density |
| Price |
Predictive Modules for Rand 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 Rand 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.Rand Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Rand Mining is not an exception. The market had few large corrections towards the Rand 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 Rand Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Rand Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.19 | |
β | Beta against Dow Jones | -0.43 | |
σ | Overall volatility | 0.19 | |
Ir | Information ratio | -0.08 |
Rand 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 Rand Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Rand 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.| Rand Mining generated a negative expected return over the last 90 days | |
| Rand Mining may become a speculative penny stock | |
| About 83.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: South African rand firms as gold gets boost, data-packed week ahead - MSN |
Rand 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 Rand Stock often depends not only on the future outlook of the current and potential Rand 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. Rand Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 56.9 M | |
| Cash And Short Term Investments | 3.2 M |
Rand Mining Technical Analysis
Rand Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Rand Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Rand Mining. In general, you should focus on analyzing Rand Stock price patterns and their correlations with different microeconomic environments and drivers.
Rand Mining Predictive Forecast Models
Rand Mining's time-series forecasting models is one of many Rand 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 Rand 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 Rand Mining
Checking the ongoing alerts about Rand Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Rand Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Rand Mining generated a negative expected return over the last 90 days | |
| Rand Mining may become a speculative penny stock | |
| About 83.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: South African rand firms as gold gets boost, data-packed week ahead - MSN |
Additional Tools for Rand Stock Analysis
When running Rand Mining's price analysis, check to measure Rand 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 Rand Mining is operating at the current time. Most of Rand Mining's value examination focuses on studying past and present price action to predict the probability of Rand 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 Rand Mining's price. Additionally, you may evaluate how the addition of Rand Mining to your portfolios can decrease your overall portfolio volatility.