Chibougamau Independent Mines Stock Probability of Future Stock Price Finishing Over 0.1235
| CBG Stock | CAD 0.13 0.01 7.14% |
Chibougamau |
Chibougamau Independent Target Price Odds to finish over 0.1235
The tendency of Chibougamau 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$ 0.12 in 90 days |
| 0.13 | 90 days | 0.12 | about 76.89 |
Based on a normal probability distribution, the odds of Chibougamau Independent to stay above C$ 0.12 in 90 days from now is about 76.89 (This Chibougamau Independent Mines probability density function shows the probability of Chibougamau Stock to fall within a particular range of prices over 90 days) . Probability of Chibougamau Independent price to stay between C$ 0.12 and its current price of C$0.13 at the end of the 90-day period is about 26.89 .
Assuming the 90 days horizon Chibougamau Independent has a beta of 0.0042 suggesting as returns on the market go up, Chibougamau Independent average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Chibougamau Independent Mines will be expected to be much smaller as well. Additionally Chibougamau Independent Mines has an alpha of 0.5837, implying that it can generate a 0.58 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Chibougamau Independent Price Density |
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Predictive Modules for Chibougamau Independent
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chibougamau Independent. 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.Chibougamau Independent Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Chibougamau Independent is not an exception. The market had few large corrections towards the Chibougamau Independent'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 Chibougamau Independent Mines, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Chibougamau Independent within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.58 | |
β | Beta against Dow Jones | 0 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.11 |
Chibougamau Independent 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 Chibougamau Independent for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Chibougamau Independent can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Chibougamau Independent is way too risky over 90 days horizon | |
| Chibougamau Independent has some characteristics of a very speculative penny stock | |
| Chibougamau Independent appears to be risky and price may revert if volatility continues | |
| Chibougamau Independent has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 607.04 K. Net Loss for the year was (171.61 K) with profit before overhead, payroll, taxes, and interest of 30 K. | |
| About 27.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Spotlight On TSX Penny Stocks For December 2024 - Simply Wall St |
Chibougamau Independent 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 Chibougamau Stock often depends not only on the future outlook of the current and potential Chibougamau Independent'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. Chibougamau Independent's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 61.1 M | |
| Shares Float | 38.9 M |
Chibougamau Independent Technical Analysis
Chibougamau Independent's future price can be derived by breaking down and analyzing its technical indicators over time. Chibougamau Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Chibougamau Independent Mines. In general, you should focus on analyzing Chibougamau Stock price patterns and their correlations with different microeconomic environments and drivers.
Chibougamau Independent Predictive Forecast Models
Chibougamau Independent's time-series forecasting models is one of many Chibougamau Independent'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 Chibougamau Independent'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 Chibougamau Independent
Checking the ongoing alerts about Chibougamau Independent for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Chibougamau Independent help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Chibougamau Independent is way too risky over 90 days horizon | |
| Chibougamau Independent has some characteristics of a very speculative penny stock | |
| Chibougamau Independent appears to be risky and price may revert if volatility continues | |
| Chibougamau Independent has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 607.04 K. Net Loss for the year was (171.61 K) with profit before overhead, payroll, taxes, and interest of 30 K. | |
| About 27.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Spotlight On TSX Penny Stocks For December 2024 - Simply Wall St |
Additional Tools for Chibougamau Stock Analysis
When running Chibougamau Independent's price analysis, check to measure Chibougamau Independent'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 Chibougamau Independent is operating at the current time. Most of Chibougamau Independent's value examination focuses on studying past and present price action to predict the probability of Chibougamau Independent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chibougamau Independent's price. Additionally, you may evaluate how the addition of Chibougamau Independent to your portfolios can decrease your overall portfolio volatility.