Skrr Exploration Stock Probability of Future Stock Price Finishing Over 0.82
| SKRR Stock | CAD 0.18 0.01 5.88% |
SKRR |
SKRR Exploration Target Price Odds to finish over 0.82
The tendency of SKRR 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$ 0.82 or more in 90 days |
| 0.18 | 90 days | 0.82 | close to zero percent |
Based on a normal probability distribution, the odds of SKRR Exploration to move over C$ 0.82 or more in 90 days from now is close to zero percent (This SKRR Exploration probability density function shows the probability of SKRR Stock to fall within a particular range of prices over 90 days) . Probability of SKRR Exploration price to stay between its current price of C$ 0.18 and C$ 0.82 at the end of the 90-day period is about 34.34 .
Assuming the 90 days trading horizon SKRR Exploration has a beta of -1.34. This usually implies as returns on its benchmark rise, returns on holding SKRR Exploration are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, SKRR Exploration is expected to outperform its benchmark. Additionally SKRR Exploration has an alpha of 0.3229, implying that it can generate a 0.32 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). SKRR Exploration Price Density |
| Price |
Predictive Modules for SKRR Exploration
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SKRR Exploration. 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.SKRR Exploration Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SKRR Exploration is not an exception. The market had few large corrections towards the SKRR Exploration'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 SKRR Exploration, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SKRR Exploration within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.32 | |
β | Beta against Dow Jones | -1.34 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.03 |
SKRR Exploration 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 SKRR Exploration for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SKRR Exploration can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SKRR Exploration had very high historical volatility over the last 90 days | |
| SKRR Exploration has some characteristics of a very speculative penny stock | |
| SKRR Exploration has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (956.53 K) with loss before overhead, payroll, taxes, and interest of (2.05 K). | |
| SKRR Exploration has accumulated about 3 M in cash with (421.81 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. | |
| Latest headline from news.google.com: SKRR Exploration EV-to-Revenue - GuruFocus.com |
SKRR Exploration 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 SKRR Stock often depends not only on the future outlook of the current and potential SKRR Exploration'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. SKRR Exploration's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 19.4 M | |
| Shares Float | 18.8 M |
SKRR Exploration Technical Analysis
SKRR Exploration's future price can be derived by breaking down and analyzing its technical indicators over time. SKRR Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SKRR Exploration. In general, you should focus on analyzing SKRR Stock price patterns and their correlations with different microeconomic environments and drivers.
SKRR Exploration Predictive Forecast Models
SKRR Exploration's time-series forecasting models is one of many SKRR Exploration'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 SKRR Exploration'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 SKRR Exploration
Checking the ongoing alerts about SKRR Exploration for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SKRR Exploration help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SKRR Exploration had very high historical volatility over the last 90 days | |
| SKRR Exploration has some characteristics of a very speculative penny stock | |
| SKRR Exploration has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (956.53 K) with loss before overhead, payroll, taxes, and interest of (2.05 K). | |
| SKRR Exploration has accumulated about 3 M in cash with (421.81 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. | |
| Latest headline from news.google.com: SKRR Exploration EV-to-Revenue - GuruFocus.com |
Additional Tools for SKRR Stock Analysis
When running SKRR Exploration's price analysis, check to measure SKRR Exploration'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 SKRR Exploration is operating at the current time. Most of SKRR Exploration's value examination focuses on studying past and present price action to predict the probability of SKRR Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SKRR Exploration's price. Additionally, you may evaluate how the addition of SKRR Exploration to your portfolios can decrease your overall portfolio volatility.