Altamira Gold Corp Stock Probability of Future Stock Price Finishing Over 23.73
| ALTA Stock | CAD 0.12 0.01 9.09% |
Altamira |
Altamira Gold Target Price Odds to finish over 23.73
The tendency of Altamira 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$ 23.73 or more in 90 days |
| 0.12 | 90 days | 23.73 | close to zero percent |
Based on a normal probability distribution, the odds of Altamira Gold to move over C$ 23.73 or more in 90 days from now is close to zero percent (This Altamira Gold Corp probability density function shows the probability of Altamira Stock to fall within a particular range of prices over 90 days) . Probability of Altamira Gold Corp price to stay between its current price of C$ 0.12 and C$ 23.73 at the end of the 90-day period is about 65.04 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.79 . 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, Altamira Gold will likely underperform. Additionally Altamira Gold Corp has an alpha of 0.3726, implying that it can generate a 0.37 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Altamira Gold Price Density |
| Price |
Predictive Modules for Altamira 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 Altamira 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.Altamira Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Altamira Gold is not an exception. The market had few large corrections towards the Altamira 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 Altamira Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Altamira Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.37 | |
β | Beta against Dow Jones | 1.79 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.05 |
Altamira 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 Altamira Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Altamira 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.| Altamira Gold Corp is way too risky over 90 days horizon | |
| Altamira Gold Corp has some characteristics of a very speculative penny stock | |
| Altamira Gold Corp appears to be risky and price may revert if volatility continues | |
| Altamira Gold Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (1.63 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Altamira Gold Corp has accumulated about 778.05 K in cash with (1.07 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 19.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Altamira Gold Unveils Promising New Gold Target - TipRanks |
Altamira 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 Altamira Stock often depends not only on the future outlook of the current and potential Altamira 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. Altamira Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 178.9 M | |
| Cash And Short Term Investments | 4.7 M |
Altamira Gold Technical Analysis
Altamira Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Altamira Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Altamira Gold Corp. In general, you should focus on analyzing Altamira Stock price patterns and their correlations with different microeconomic environments and drivers.
Altamira Gold Predictive Forecast Models
Altamira Gold's time-series forecasting models is one of many Altamira 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 Altamira 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 Altamira Gold Corp
Checking the ongoing alerts about Altamira Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Altamira Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Altamira Gold Corp is way too risky over 90 days horizon | |
| Altamira Gold Corp has some characteristics of a very speculative penny stock | |
| Altamira Gold Corp appears to be risky and price may revert if volatility continues | |
| Altamira Gold Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (1.63 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Altamira Gold Corp has accumulated about 778.05 K in cash with (1.07 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 19.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Altamira Gold Unveils Promising New Gold Target - TipRanks |
Additional Tools for Altamira Stock Analysis
When running Altamira Gold's price analysis, check to measure Altamira 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 Altamira Gold is operating at the current time. Most of Altamira Gold's value examination focuses on studying past and present price action to predict the probability of Altamira 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 Altamira Gold's price. Additionally, you may evaluate how the addition of Altamira Gold to your portfolios can decrease your overall portfolio volatility.