Sixty North Gold Stock Probability of Future Pink Sheet Price Finishing Over 0.11
| SXNTF Stock | USD 0.08 0.01 8.91% |
Sixty |
Sixty North Target Price Odds to finish over 0.11
The tendency of Sixty Pink Sheet 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 $ 0.11 or more in 90 days |
| 0.08 | 90 days | 0.11 | about 71.33 |
Based on a normal probability distribution, the odds of Sixty North to move over $ 0.11 or more in 90 days from now is about 71.33 (This Sixty North Gold probability density function shows the probability of Sixty Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Sixty North Gold price to stay between its current price of $ 0.08 and $ 0.11 at the end of the 90-day period is about 11.17 .
Assuming the 90 days horizon the pink sheet has the beta coefficient of 13.04 . 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, Sixty North will likely underperform. Moreover Sixty North Gold has an alpha of 1.981, implying that it can generate a 1.98 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sixty North Price Density |
| Price |
Predictive Modules for Sixty North
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sixty North Gold. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Sixty North's 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.
Sixty North Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sixty North is not an exception. The market had few large corrections towards the Sixty North'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 Sixty North Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sixty North within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.98 | |
β | Beta against Dow Jones | 13.04 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | 0.11 |
Sixty North 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 Sixty North for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sixty North 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.| Sixty North Gold is way too risky over 90 days horizon | |
| Sixty North Gold has some characteristics of a very speculative penny stock | |
| Sixty North Gold appears to be risky and price may revert if volatility continues | |
| Sixty North Gold has high likelihood to experience some financial distress in the next 2 years | |
| The company has a current ratio of 0.14, 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 Sixty North until it has trouble settling it off, either with new capital or with free cash flow. So, Sixty North's 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 Sixty North Gold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sixty to invest in growth at high rates of return. When we think about Sixty North's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (712.56 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Sixty North Gold has accumulated about 27.36 K in cash with (520.88 K) of positive cash flow from operations. | |
| Roughly 39.0% of the company outstanding shares are owned by corporate insiders |
Sixty North 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 Sixty Pink Sheet often depends not only on the future outlook of the current and potential Sixty North'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. Sixty North's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 144.8 M |
Sixty North Technical Analysis
Sixty North's future price can be derived by breaking down and analyzing its technical indicators over time. Sixty Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sixty North Gold. In general, you should focus on analyzing Sixty Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Sixty North Predictive Forecast Models
Sixty North's time-series forecasting models is one of many Sixty North's pink sheet 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 Sixty North'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Sixty North Gold
Checking the ongoing alerts about Sixty North for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sixty North Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sixty North Gold is way too risky over 90 days horizon | |
| Sixty North Gold has some characteristics of a very speculative penny stock | |
| Sixty North Gold appears to be risky and price may revert if volatility continues | |
| Sixty North Gold has high likelihood to experience some financial distress in the next 2 years | |
| The company has a current ratio of 0.14, 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 Sixty North until it has trouble settling it off, either with new capital or with free cash flow. So, Sixty North's 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 Sixty North Gold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sixty to invest in growth at high rates of return. When we think about Sixty North's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (712.56 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Sixty North Gold has accumulated about 27.36 K in cash with (520.88 K) of positive cash flow from operations. | |
| Roughly 39.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Sixty Pink Sheet
Sixty North financial ratios help investors to determine whether Sixty Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sixty with respect to the benefits of owning Sixty North security.