Outcrop Gold Corp Stock Probability of Future Stock Price Finishing Over 0.17
| OCG Stock | CAD 0.22 0.01 4.35% |
Outcrop |
Outcrop Gold Target Price Odds to finish over 0.17
The tendency of Outcrop 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 stay above C$ 0.17 in 90 days |
| 0.22 | 90 days | 0.17 | about 60.43 |
Based on a normal probability distribution, the odds of Outcrop Gold to stay above C$ 0.17 in 90 days from now is about 60.43 (This Outcrop Gold Corp probability density function shows the probability of Outcrop Stock to fall within a particular range of prices over 90 days) . Probability of Outcrop Gold Corp price to stay between C$ 0.17 and its current price of C$0.22 at the end of the 90-day period is about 45.93 .
Assuming the 90 days horizon Outcrop Gold Corp has a beta of -0.0629. This indicates as returns on the benchmark increase, returns on holding Outcrop Gold are expected to decrease at a much lower rate. During a bear market, however, Outcrop Gold Corp is likely to outperform the market. Additionally Outcrop Gold Corp has an alpha of 0.7522, implying that it can generate a 0.75 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Outcrop Gold Price Density |
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Predictive Modules for Outcrop 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 Outcrop Gold 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Outcrop Gold'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.
Outcrop Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Outcrop Gold is not an exception. The market had few large corrections towards the Outcrop 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 Outcrop Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Outcrop Gold within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.75 | |
β | Beta against NYSE Composite | -0.06 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | 0.11 |
Outcrop 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 Outcrop Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Outcrop Gold 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.| Outcrop Gold Corp is way too risky over 90 days horizon | |
| Outcrop Gold Corp has some characteristics of a very speculative penny stock | |
| Outcrop Gold Corp appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (9.44 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Outcrop Gold Corp has accumulated about 1.03 M in cash with (8.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Roughly 19.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: OUTCROP SILVER COMMENCES 2024 SANTA ANA DRILL PROGRAM - The Globe and Mail |
Outcrop 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 Outcrop Stock often depends not only on the future outlook of the current and potential Outcrop 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. Outcrop Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 199.1 M | |
| Cash And Short Term Investments | 3.2 M |
Outcrop Gold Technical Analysis
Outcrop Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Outcrop Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Outcrop Gold Corp. In general, you should focus on analyzing Outcrop Stock price patterns and their correlations with different microeconomic environments and drivers.
Outcrop Gold Predictive Forecast Models
Outcrop Gold's time-series forecasting models is one of many Outcrop 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 Outcrop 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 Outcrop Gold Corp
Checking the ongoing alerts about Outcrop Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Outcrop Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Outcrop Gold Corp is way too risky over 90 days horizon | |
| Outcrop Gold Corp has some characteristics of a very speculative penny stock | |
| Outcrop Gold Corp appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (9.44 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Outcrop Gold Corp has accumulated about 1.03 M in cash with (8.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Roughly 19.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: OUTCROP SILVER COMMENCES 2024 SANTA ANA DRILL PROGRAM - The Globe and Mail |
Check out Outcrop Gold Backtesting, Outcrop Gold Valuation, Outcrop Gold Correlation, Outcrop Gold Hype Analysis, Outcrop Gold Volatility, Outcrop Gold History as well as Outcrop Gold Performance. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Outcrop Stock analysis
When running Outcrop Gold's price analysis, check to measure Outcrop 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 Outcrop Gold is operating at the current time. Most of Outcrop Gold's value examination focuses on studying past and present price action to predict the probability of Outcrop 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 Outcrop Gold's price. Additionally, you may evaluate how the addition of Outcrop Gold to your portfolios can decrease your overall portfolio volatility.
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