Scottie Resources Corp Stock Probability of Future Stock Price Finishing Over 19.98
| SCOT Stock | CAD 0.16 0.01 5.88% |
Scottie |
Scottie Resources Target Price Odds to finish over 19.98
The tendency of Scottie 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$ 19.98 or more in 90 days |
| 0.16 | 90 days | 19.98 | close to zero percent |
Based on a normal probability distribution, the odds of Scottie Resources to move over C$ 19.98 or more in 90 days from now is close to zero percent (This Scottie Resources Corp probability density function shows the probability of Scottie Stock to fall within a particular range of prices over 90 days) . Probability of Scottie Resources Corp price to stay between its current price of C$ 0.16 and C$ 19.98 at the end of the 90-day period is about 79.23 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.44 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Scottie Resources will likely underperform. Additionally Scottie Resources Corp 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. Scottie Resources Price Density |
| Price |
Predictive Modules for Scottie Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Scottie Resources Corp. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scottie Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Scottie Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Scottie Resources is not an exception. The market had few large corrections towards the Scottie Resources' 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 Scottie Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Scottie Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | 1.44 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.0052 |
Scottie Resources 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 Scottie Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Scottie Resources Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Scottie Resources generated a negative expected return over the last 90 days | |
| Scottie Resources has high historical volatility and very poor performance | |
| Scottie Resources has some characteristics of a very speculative penny stock | |
| Scottie Resources has a very high chance of going through financial distress in the upcoming years | |
| Scottie Resources Corp has accumulated 2.6 M in total debt. Scottie Resources Corp has a current ratio of 0.33, 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 Scottie Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Scottie Resources' 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 Scottie Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Scottie to invest in growth at high rates of return. When we think about Scottie Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (19.07 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Scottie Resources Corp has accumulated about 49.43 K in cash with (11 M) of positive cash flow from operations. | |
| Roughly 22.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Scottie Resources Hits High-Grade Gold 8.30 gt Over 9.70m at Historic Mine SCTSF Stock News - StockTitan |
Scottie Resources 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 Scottie Stock often depends not only on the future outlook of the current and potential Scottie Resources' 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. Scottie Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 253.3 M | |
| Cash And Short Term Investments | 1.5 M |
Scottie Resources Technical Analysis
Scottie Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Scottie Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Scottie Resources Corp. In general, you should focus on analyzing Scottie Stock price patterns and their correlations with different microeconomic environments and drivers.
Scottie Resources Predictive Forecast Models
Scottie Resources' time-series forecasting models is one of many Scottie Resources' 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 Scottie Resources' 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 Scottie Resources Corp
Checking the ongoing alerts about Scottie Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Scottie Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Scottie Resources generated a negative expected return over the last 90 days | |
| Scottie Resources has high historical volatility and very poor performance | |
| Scottie Resources has some characteristics of a very speculative penny stock | |
| Scottie Resources has a very high chance of going through financial distress in the upcoming years | |
| Scottie Resources Corp has accumulated 2.6 M in total debt. Scottie Resources Corp has a current ratio of 0.33, 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 Scottie Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Scottie Resources' 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 Scottie Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Scottie to invest in growth at high rates of return. When we think about Scottie Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (19.07 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Scottie Resources Corp has accumulated about 49.43 K in cash with (11 M) of positive cash flow from operations. | |
| Roughly 22.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Scottie Resources Hits High-Grade Gold 8.30 gt Over 9.70m at Historic Mine SCTSF Stock News - StockTitan |
Additional Tools for Scottie Stock Analysis
When running Scottie Resources' price analysis, check to measure Scottie Resources' 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 Scottie Resources is operating at the current time. Most of Scottie Resources' value examination focuses on studying past and present price action to predict the probability of Scottie Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scottie Resources' price. Additionally, you may evaluate how the addition of Scottie Resources to your portfolios can decrease your overall portfolio volatility.