Solitario Exploration Royalty Stock Probability of Future Stock Price Finishing Under 0.57
| XPL Stock | USD 0.61 0.02 3.39% |
Solitario |
Solitario Exploration Target Price Odds to finish below 0.57
The tendency of Solitario 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 drop to $ 0.57 or more in 90 days |
| 0.61 | 90 days | 0.57 | about 7.71 |
Based on a normal probability distribution, the odds of Solitario Exploration to drop to $ 0.57 or more in 90 days from now is about 7.71 (This Solitario Exploration Royalty probability density function shows the probability of Solitario Stock to fall within a particular range of prices over 90 days) . Probability of Solitario Exploration price to stay between $ 0.57 and its current price of $0.61 at the end of the 90-day period is about 16.1 .
Considering the 90-day investment horizon Solitario Exploration has a beta of 0.16. This entails as returns on the market go up, Solitario Exploration average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Solitario Exploration Royalty will be expected to be much smaller as well. Additionally Solitario Exploration Royalty 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. Solitario Exploration Price Density |
| Price |
Predictive Modules for Solitario 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 Solitario 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.Solitario Exploration Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Solitario Exploration is not an exception. The market had few large corrections towards the Solitario 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 Solitario Exploration Royalty, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Solitario Exploration within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 0.16 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.04 |
Solitario 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 Solitario Exploration for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Solitario 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.| Solitario Exploration generated a negative expected return over the last 90 days | |
| Solitario Exploration has some characteristics of a very speculative penny stock | |
| Solitario Exploration has high historical volatility and very poor performance | |
| Reported Net Loss for the year was (3.75 M) with profit before taxes, overhead, and interest of 408 K. | |
| Solitario Exploration Royalty has about 316 K in cash with (3.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.11. | |
| Solitario Exploration has a poor financial position based on the latest SEC disclosures | |
| Roughly 18.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Solitario Resources Shares Pass Above 200-Day Moving Average - Whats Next - MarketBeat |
Solitario 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 Solitario Stock often depends not only on the future outlook of the current and potential Solitario 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. Solitario Exploration's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 68.7 M | |
| Cash And Short Term Investments | 9.7 M | |
| Shares Float | 68 M |
Solitario Exploration Technical Analysis
Solitario Exploration's future price can be derived by breaking down and analyzing its technical indicators over time. Solitario Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Solitario Exploration Royalty. In general, you should focus on analyzing Solitario Stock price patterns and their correlations with different microeconomic environments and drivers.
Solitario Exploration Predictive Forecast Models
Solitario Exploration's time-series forecasting models is one of many Solitario 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 Solitario 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 Solitario Exploration
Checking the ongoing alerts about Solitario Exploration for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Solitario Exploration help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Solitario Exploration generated a negative expected return over the last 90 days | |
| Solitario Exploration has some characteristics of a very speculative penny stock | |
| Solitario Exploration has high historical volatility and very poor performance | |
| Reported Net Loss for the year was (3.75 M) with profit before taxes, overhead, and interest of 408 K. | |
| Solitario Exploration Royalty has about 316 K in cash with (3.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.11. | |
| Solitario Exploration has a poor financial position based on the latest SEC disclosures | |
| Roughly 18.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Solitario Resources Shares Pass Above 200-Day Moving Average - Whats Next - MarketBeat |
Check out Solitario Exploration Backtesting, Solitario Exploration Valuation, Solitario Exploration Correlation, Solitario Exploration Hype Analysis, Solitario Exploration Volatility, Solitario Exploration History as well as Solitario Exploration Performance. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Solitario Exploration. If investors know Solitario will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Solitario Exploration listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.06) | Revenue Per Share (0.01) | Quarterly Revenue Growth (0.19) | Return On Assets (0.15) | Return On Equity (0.21) |
The market value of Solitario Exploration is measured differently than its book value, which is the value of Solitario that is recorded on the company's balance sheet. Investors also form their own opinion of Solitario Exploration's value that differs from its market value or its book value, called intrinsic value, which is Solitario Exploration's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Solitario Exploration's market value can be influenced by many factors that don't directly affect Solitario Exploration's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Solitario Exploration's value and its price as these two are different measures arrived at by different means. Investors typically determine if Solitario Exploration is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solitario Exploration's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.