29Metals (Australia) Odds of Future Stock Price Finishing Under 0.37
| 29M Stock | 0.37 0.01 2.78% |
29Metals |
29Metals Target Price Odds to finish below 0.37
The tendency of 29Metals 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 below current price in 90 days |
| 0.37 | 90 days | 0.37 | about 21.07 |
Based on a normal probability distribution, the odds of 29Metals to move below current price in 90 days from now is about 21.07 (This 29Metals probability density function shows the probability of 29Metals Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon 29Metals has a beta of 0.7. This suggests as returns on the market go up, 29Metals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding 29Metals will be expected to be much smaller as well. Additionally 29Metals 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. 29Metals Price Density |
| Price |
Predictive Modules for 29Metals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 29Metals. 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.29Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. 29Metals is not an exception. The market had few large corrections towards the 29Metals' 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 29Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 29Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.01 | |
β | Beta against Dow Jones | 0.70 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.01 |
29Metals 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 29Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for 29Metals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| 29Metals has some characteristics of a very speculative penny stock | |
| 29Metals had very high historical volatility over the last 90 days | |
| 29Metals has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 453.88 M. Net Loss for the year was (440.46 M) with profit before overhead, payroll, taxes, and interest of 3.89 M. | |
| 29Metals generates negative cash flow from operations | |
| About 74.0% of the company shares are owned by institutions such as pension funds |
29Metals 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 29Metals Stock often depends not only on the future outlook of the current and potential 29Metals' 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. 29Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 551.5 M | |
| Cash And Short Term Investments | 174.4 M |
29Metals Technical Analysis
29Metals' future price can be derived by breaking down and analyzing its technical indicators over time. 29Metals Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 29Metals. In general, you should focus on analyzing 29Metals Stock price patterns and their correlations with different microeconomic environments and drivers.
29Metals Predictive Forecast Models
29Metals' time-series forecasting models is one of many 29Metals' 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 29Metals' 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 29Metals
Checking the ongoing alerts about 29Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for 29Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| 29Metals has some characteristics of a very speculative penny stock | |
| 29Metals had very high historical volatility over the last 90 days | |
| 29Metals has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 453.88 M. Net Loss for the year was (440.46 M) with profit before overhead, payroll, taxes, and interest of 3.89 M. | |
| 29Metals generates negative cash flow from operations | |
| About 74.0% of the company shares are owned by institutions such as pension funds |
Additional Tools for 29Metals Stock Analysis
When running 29Metals' price analysis, check to measure 29Metals' 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 29Metals is operating at the current time. Most of 29Metals' value examination focuses on studying past and present price action to predict the probability of 29Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 29Metals' price. Additionally, you may evaluate how the addition of 29Metals to your portfolios can decrease your overall portfolio volatility.