Asiabasemetals Stock Probability of Future Stock Price Finishing Under 0.0809
| ABZ Stock | CAD 0.07 0.01 17.65% |
Asiabasemetals |
Asiabasemetals Target Price Odds to finish below 0.0809
The tendency of Asiabasemetals 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 under C$ 0.08 after 90 days |
| 0.07 | 90 days | 0.08 | about 25.59 |
Based on a normal probability distribution, the odds of Asiabasemetals to stay under C$ 0.08 after 90 days from now is about 25.59 (This Asiabasemetals probability density function shows the probability of Asiabasemetals Stock to fall within a particular range of prices over 90 days) . Probability of Asiabasemetals price to stay between its current price of C$ 0.07 and C$ 0.08 at the end of the 90-day period is about 24.19 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.61 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Asiabasemetals will likely underperform. Additionally Asiabasemetals 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. Asiabasemetals Price Density |
| Price |
Predictive Modules for Asiabasemetals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Asiabasemetals. 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.Asiabasemetals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Asiabasemetals is not an exception. The market had few large corrections towards the Asiabasemetals' 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 Asiabasemetals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Asiabasemetals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.39 | |
β | Beta against Dow Jones | 1.61 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.05 |
Asiabasemetals 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 Asiabasemetals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Asiabasemetals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Asiabasemetals generated a negative expected return over the last 90 days | |
| Asiabasemetals has high historical volatility and very poor performance | |
| Asiabasemetals has some characteristics of a very speculative penny stock | |
| Asiabasemetals has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (663.1 K) with loss before overhead, payroll, taxes, and interest of (4.45 K). | |
| Asiabasemetals has accumulated about 175.39 K in cash with (35.19 K) of positive cash flow from operations. | |
| Roughly 67.0% of the company shares are held by company insiders |
Asiabasemetals 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 Asiabasemetals Stock often depends not only on the future outlook of the current and potential Asiabasemetals' 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. Asiabasemetals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 49.2 M | |
| Cash And Short Term Investments | 1487.00 |
Asiabasemetals Technical Analysis
Asiabasemetals' future price can be derived by breaking down and analyzing its technical indicators over time. Asiabasemetals Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Asiabasemetals. In general, you should focus on analyzing Asiabasemetals Stock price patterns and their correlations with different microeconomic environments and drivers.
Asiabasemetals Predictive Forecast Models
Asiabasemetals' time-series forecasting models is one of many Asiabasemetals' 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 Asiabasemetals' 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 Asiabasemetals
Checking the ongoing alerts about Asiabasemetals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Asiabasemetals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Asiabasemetals generated a negative expected return over the last 90 days | |
| Asiabasemetals has high historical volatility and very poor performance | |
| Asiabasemetals has some characteristics of a very speculative penny stock | |
| Asiabasemetals has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (663.1 K) with loss before overhead, payroll, taxes, and interest of (4.45 K). | |
| Asiabasemetals has accumulated about 175.39 K in cash with (35.19 K) of positive cash flow from operations. | |
| Roughly 67.0% of the company shares are held by company insiders |
Additional Tools for Asiabasemetals Stock Analysis
When running Asiabasemetals' price analysis, check to measure Asiabasemetals' 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 Asiabasemetals is operating at the current time. Most of Asiabasemetals' value examination focuses on studying past and present price action to predict the probability of Asiabasemetals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asiabasemetals' price. Additionally, you may evaluate how the addition of Asiabasemetals to your portfolios can decrease your overall portfolio volatility.