Strikepoint Gold Stock Probability of Future Stock Price Finishing Over 0.7
| SKP Stock | CAD 0.17 0.01 6.25% |
Strikepoint |
Strikepoint Gold Target Price Odds to finish over 0.7
The tendency of Strikepoint 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$ 0.70 or more in 90 days |
| 0.17 | 90 days | 0.70 | near 1 |
Based on a normal probability distribution, the odds of Strikepoint Gold to move over C$ 0.70 or more in 90 days from now is near 1 (This Strikepoint Gold probability density function shows the probability of Strikepoint Stock to fall within a particular range of prices over 90 days) . Probability of Strikepoint Gold price to stay between its current price of C$ 0.17 and C$ 0.70 at the end of the 90-day period is about 85.41 .
Assuming the 90 days horizon Strikepoint Gold has a beta of -0.0235. This usually implies as returns on the benchmark increase, returns on holding Strikepoint Gold are expected to decrease at a much lower rate. During a bear market, however, Strikepoint Gold is likely to outperform the market. Additionally Strikepoint Gold has an alpha of 0.2734, implying that it can generate a 0.27 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Strikepoint Gold Price Density |
| Price |
Predictive Modules for Strikepoint 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 Strikepoint 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.Strikepoint Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Strikepoint Gold is not an exception. The market had few large corrections towards the Strikepoint 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 Strikepoint Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Strikepoint Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.27 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | 0.02 |
Strikepoint 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 Strikepoint Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Strikepoint 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.| Strikepoint Gold is way too risky over 90 days horizon | |
| Strikepoint Gold has some characteristics of a very speculative penny stock | |
| Strikepoint Gold appears to be risky and price may revert if volatility continues | |
| Strikepoint Gold has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (3.49 M) with loss before overhead, payroll, taxes, and interest of (790 K). | |
| Strikepoint Gold has accumulated about 10.34 M in cash with (2.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Latest headline from news.google.com: StrikePoint Announces AGM Results, Provides Corporate Update - Newsfile |
Strikepoint 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 Strikepoint Stock often depends not only on the future outlook of the current and potential Strikepoint 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. Strikepoint Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 212.8 M | |
| Cash And Short Term Investments | 1.4 M |
Strikepoint Gold Technical Analysis
Strikepoint Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Strikepoint Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Strikepoint Gold. In general, you should focus on analyzing Strikepoint Stock price patterns and their correlations with different microeconomic environments and drivers.
Strikepoint Gold Predictive Forecast Models
Strikepoint Gold's time-series forecasting models is one of many Strikepoint 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 Strikepoint 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 Strikepoint Gold
Checking the ongoing alerts about Strikepoint Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Strikepoint Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Strikepoint Gold is way too risky over 90 days horizon | |
| Strikepoint Gold has some characteristics of a very speculative penny stock | |
| Strikepoint Gold appears to be risky and price may revert if volatility continues | |
| Strikepoint Gold has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (3.49 M) with loss before overhead, payroll, taxes, and interest of (790 K). | |
| Strikepoint Gold has accumulated about 10.34 M in cash with (2.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Latest headline from news.google.com: StrikePoint Announces AGM Results, Provides Corporate Update - Newsfile |
Additional Tools for Strikepoint Stock Analysis
When running Strikepoint Gold's price analysis, check to measure Strikepoint 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 Strikepoint Gold is operating at the current time. Most of Strikepoint Gold's value examination focuses on studying past and present price action to predict the probability of Strikepoint 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 Strikepoint Gold's price. Additionally, you may evaluate how the addition of Strikepoint Gold to your portfolios can decrease your overall portfolio volatility.