Ascendant Resources Stock Probability of Future Stock Price Finishing Over 0.07
| ASND Stock | CAD 0.05 0.01 25.00% |
Ascendant |
Ascendant Resources Target Price Odds to finish over 0.07
The tendency of Ascendant 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$ 0.07 or more in 90 days |
| 0.05 | 90 days | 0.07 | near 1 |
Based on a normal probability distribution, the odds of Ascendant Resources to move over C$ 0.07 or more in 90 days from now is near 1 (This Ascendant Resources probability density function shows the probability of Ascendant Stock to fall within a particular range of prices over 90 days) . Probability of Ascendant Resources price to stay between its current price of C$ 0.05 and C$ 0.07 at the end of the 90-day period is about 29.85 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 2.23 . 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, Ascendant Resources will likely underperform. Additionally Ascendant Resources has an alpha of 0.638, implying that it can generate a 0.64 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ascendant Resources Price Density |
| Price |
Predictive Modules for Ascendant Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ascendant Resources. 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.Ascendant Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ascendant Resources is not an exception. The market had few large corrections towards the Ascendant Resources' 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 Ascendant Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ascendant Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.64 | |
β | Beta against Dow Jones | 2.23 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.06 |
Ascendant Resources 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 Ascendant Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ascendant Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ascendant Resources is way too risky over 90 days horizon | |
| Ascendant Resources has some characteristics of a very speculative penny stock | |
| Ascendant Resources appears to be risky and price may revert if volatility continues | |
| Ascendant Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company has C$18.42 Million in debt which may indicate that it relies heavily on debt financing | |
| Ascendant Resources has accumulated 18.42 M in total debt with debt to equity ratio (D/E) of 66.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Ascendant Resources has a current ratio of 0.62, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Ascendant Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Ascendant Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ascendant Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ascendant to invest in growth at high rates of return. When we think about Ascendant Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (7.76 M) with profit before overhead, payroll, taxes, and interest of 23.89 M. | |
| Ascendant Resources has accumulated about 2.21 M in cash with (2.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Latest headline from news.google.com: Ascendant advances Lagoa Salgada mine project By Investing.com - Investing.com UK |
Ascendant Resources 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 Ascendant Stock often depends not only on the future outlook of the current and potential Ascendant Resources' 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. Ascendant Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 133.6 M | |
| Cash And Short Term Investments | 660 K |
Ascendant Resources Technical Analysis
Ascendant Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Ascendant Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ascendant Resources. In general, you should focus on analyzing Ascendant Stock price patterns and their correlations with different microeconomic environments and drivers.
Ascendant Resources Predictive Forecast Models
Ascendant Resources' time-series forecasting models is one of many Ascendant Resources' 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 Ascendant Resources' 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 Ascendant Resources
Checking the ongoing alerts about Ascendant Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ascendant Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ascendant Resources is way too risky over 90 days horizon | |
| Ascendant Resources has some characteristics of a very speculative penny stock | |
| Ascendant Resources appears to be risky and price may revert if volatility continues | |
| Ascendant Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company has C$18.42 Million in debt which may indicate that it relies heavily on debt financing | |
| Ascendant Resources has accumulated 18.42 M in total debt with debt to equity ratio (D/E) of 66.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Ascendant Resources has a current ratio of 0.62, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Ascendant Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Ascendant Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ascendant Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ascendant to invest in growth at high rates of return. When we think about Ascendant Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (7.76 M) with profit before overhead, payroll, taxes, and interest of 23.89 M. | |
| Ascendant Resources has accumulated about 2.21 M in cash with (2.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Latest headline from news.google.com: Ascendant advances Lagoa Salgada mine project By Investing.com - Investing.com UK |
Other Information on Investing in Ascendant Stock
Ascendant Resources financial ratios help investors to determine whether Ascendant Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ascendant with respect to the benefits of owning Ascendant Resources security.