Ximen Mining Corp Stock Probability of Future Stock Price Finishing Over 22.05
| XIM Stock | CAD 0.07 0.01 6.67% |
Ximen |
Ximen Mining Target Price Odds to finish over 22.05
The tendency of Ximen 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$ 22.05 or more in 90 days |
| 0.07 | 90 days | 22.05 | close to zero percent |
Based on a normal probability distribution, the odds of Ximen Mining to move over C$ 22.05 or more in 90 days from now is close to zero percent (This Ximen Mining Corp probability density function shows the probability of Ximen Stock to fall within a particular range of prices over 90 days) . Probability of Ximen Mining Corp price to stay between its current price of C$ 0.07 and C$ 22.05 at the end of the 90-day period is about 98.0 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.12 . This entails Ximen Mining Corp market returns are correlated to returns on the market. As the market goes up or down, Ximen Mining is expected to follow. Additionally Ximen Mining 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. Ximen Mining Price Density |
| Price |
Predictive Modules for Ximen Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ximen Mining 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.Ximen Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ximen Mining is not an exception. The market had few large corrections towards the Ximen Mining'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 Ximen Mining Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ximen Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.49 | |
β | Beta against Dow Jones | 1.12 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.07 |
Ximen Mining 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 Ximen Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ximen Mining 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.| Ximen Mining Corp generated a negative expected return over the last 90 days | |
| Ximen Mining Corp has high historical volatility and very poor performance | |
| Ximen Mining Corp has some characteristics of a very speculative penny stock | |
| Ximen Mining Corp has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Net Loss for the year was (3.52 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Ximen Mining Corp has accumulated about 901.12 K in cash with (1.67 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. |
Ximen Mining 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 Ximen Stock often depends not only on the future outlook of the current and potential Ximen Mining'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. Ximen Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 37.5 M |
Ximen Mining Technical Analysis
Ximen Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Ximen Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ximen Mining Corp. In general, you should focus on analyzing Ximen Stock price patterns and their correlations with different microeconomic environments and drivers.
Ximen Mining Predictive Forecast Models
Ximen Mining's time-series forecasting models is one of many Ximen Mining'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 Ximen Mining'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 Ximen Mining Corp
Checking the ongoing alerts about Ximen Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ximen Mining Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ximen Mining Corp generated a negative expected return over the last 90 days | |
| Ximen Mining Corp has high historical volatility and very poor performance | |
| Ximen Mining Corp has some characteristics of a very speculative penny stock | |
| Ximen Mining Corp has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Net Loss for the year was (3.52 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Ximen Mining Corp has accumulated about 901.12 K in cash with (1.67 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. |
Additional Tools for Ximen Stock Analysis
When running Ximen Mining's price analysis, check to measure Ximen Mining'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 Ximen Mining is operating at the current time. Most of Ximen Mining's value examination focuses on studying past and present price action to predict the probability of Ximen Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ximen Mining's price. Additionally, you may evaluate how the addition of Ximen Mining to your portfolios can decrease your overall portfolio volatility.