Pasofino Gold Limited Stock Probability of Future Stock Price Finishing Over 0.55
| VEIN Stock | CAD 0.51 0.07 12.07% |
Pasofino |
Pasofino Gold Target Price Odds to finish over 0.55
The tendency of Pasofino 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$ 0.55 or more in 90 days |
| 0.51 | 90 days | 0.55 | about 87.98 |
Based on a normal probability distribution, the odds of Pasofino Gold to move over C$ 0.55 or more in 90 days from now is about 87.98 (This Pasofino Gold Limited probability density function shows the probability of Pasofino Stock to fall within a particular range of prices over 90 days) . Probability of Pasofino Gold Limited price to stay between its current price of C$ 0.51 and C$ 0.55 at the end of the 90-day period is about 9.5 .
Assuming the 90 days trading horizon Pasofino Gold Limited has a beta of -0.16. This entails as returns on the benchmark increase, returns on holding Pasofino Gold are expected to decrease at a much lower rate. During a bear market, however, Pasofino Gold Limited is likely to outperform the market. Additionally Pasofino Gold Limited 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. Pasofino Gold Price Density |
| Price |
Predictive Modules for Pasofino 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 Pasofino Gold Limited. 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.Pasofino Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Pasofino Gold is not an exception. The market had few large corrections towards the Pasofino 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 Pasofino Gold Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Pasofino Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.31 | |
β | Beta against Dow Jones | -0.16 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.07 |
Pasofino 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 Pasofino Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Pasofino Gold Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Pasofino Gold generated a negative expected return over the last 90 days | |
| Pasofino Gold has some characteristics of a very speculative penny stock | |
| Pasofino Gold has high historical volatility and very poor performance | |
| Pasofino Gold has a very high chance of going through financial distress in the upcoming years | |
| Pasofino Gold Limited has accumulated 14.04 M in total debt. Pasofino Gold Limited has a current ratio of 0.89, 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 Pasofino Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Pasofino Gold'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 Pasofino Gold Limited sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Pasofino to invest in growth at high rates of return. When we think about Pasofino Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (25.45 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Pasofino Gold Limited has accumulated about 47.48 K in cash with (2.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 71.0% of the company outstanding shares are owned by insiders |
Pasofino 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 Pasofino Stock often depends not only on the future outlook of the current and potential Pasofino 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. Pasofino Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 112.2 M |
Pasofino Gold Technical Analysis
Pasofino Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Pasofino Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Pasofino Gold Limited. In general, you should focus on analyzing Pasofino Stock price patterns and their correlations with different microeconomic environments and drivers.
Pasofino Gold Predictive Forecast Models
Pasofino Gold's time-series forecasting models is one of many Pasofino 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 Pasofino 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 Pasofino Gold Limited
Checking the ongoing alerts about Pasofino Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Pasofino Gold Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Pasofino Gold generated a negative expected return over the last 90 days | |
| Pasofino Gold has some characteristics of a very speculative penny stock | |
| Pasofino Gold has high historical volatility and very poor performance | |
| Pasofino Gold has a very high chance of going through financial distress in the upcoming years | |
| Pasofino Gold Limited has accumulated 14.04 M in total debt. Pasofino Gold Limited has a current ratio of 0.89, 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 Pasofino Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Pasofino Gold'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 Pasofino Gold Limited sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Pasofino to invest in growth at high rates of return. When we think about Pasofino Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (25.45 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Pasofino Gold Limited has accumulated about 47.48 K in cash with (2.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 71.0% of the company outstanding shares are owned by insiders |
Additional Tools for Pasofino Stock Analysis
When running Pasofino Gold's price analysis, check to measure Pasofino 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 Pasofino Gold is operating at the current time. Most of Pasofino Gold's value examination focuses on studying past and present price action to predict the probability of Pasofino 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 Pasofino Gold's price. Additionally, you may evaluate how the addition of Pasofino Gold to your portfolios can decrease your overall portfolio volatility.