Chesapeake Gold Corp Stock Probability of Future Stock Price Finishing Under 1.08
| CKG Stock | CAD 1.03 0.06 5.50% |
Chesapeake |
Chesapeake Gold Target Price Odds to finish below 1.08
The tendency of Chesapeake 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$ 1.08 after 90 days |
| 1.03 | 90 days | 1.08 | nearly 4.3 |
Based on a normal probability distribution, the odds of Chesapeake Gold to stay under C$ 1.08 after 90 days from now is nearly 4.3 (This Chesapeake Gold Corp probability density function shows the probability of Chesapeake Stock to fall within a particular range of prices over 90 days) . Probability of Chesapeake Gold Corp price to stay between its current price of C$ 1.03 and C$ 1.08 at the end of the 90-day period is about 1.16 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.11 suggesting Chesapeake Gold Corp market returns are correlated to returns on the market. As the market goes up or down, Chesapeake Gold is expected to follow. Additionally Chesapeake Gold Corp 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. Chesapeake Gold Price Density |
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Predictive Modules for Chesapeake 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 Chesapeake 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.Chesapeake Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Chesapeake Gold is not an exception. The market had few large corrections towards the Chesapeake 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 Chesapeake Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Chesapeake Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.76 | |
β | Beta against Dow Jones | 1.11 | |
σ | Overall volatility | 0.35 | |
Ir | Information ratio | -0.15 |
Chesapeake 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 Chesapeake Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Chesapeake 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.| Chesapeake Gold Corp generated a negative expected return over the last 90 days | |
| Chesapeake Gold Corp has high historical volatility and very poor performance | |
| Chesapeake Gold Corp has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (6 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Chesapeake Gold Corp has accumulated about 36.69 M in cash with (3.06 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.55. | |
| Roughly 33.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Chesapeake Gold Intrinsic Value Projected FCF 0.88 - GuruFocus.com |
Chesapeake 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 Chesapeake Stock often depends not only on the future outlook of the current and potential Chesapeake 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. Chesapeake Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 67.4 M | |
| Cash And Short Term Investments | 19.8 M |
Chesapeake Gold Technical Analysis
Chesapeake Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Chesapeake Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Chesapeake Gold Corp. In general, you should focus on analyzing Chesapeake Stock price patterns and their correlations with different microeconomic environments and drivers.
Chesapeake Gold Predictive Forecast Models
Chesapeake Gold's time-series forecasting models is one of many Chesapeake 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 Chesapeake 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 Chesapeake Gold Corp
Checking the ongoing alerts about Chesapeake Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Chesapeake Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Chesapeake Gold Corp generated a negative expected return over the last 90 days | |
| Chesapeake Gold Corp has high historical volatility and very poor performance | |
| Chesapeake Gold Corp has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (6 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Chesapeake Gold Corp has accumulated about 36.69 M in cash with (3.06 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.55. | |
| Roughly 33.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Chesapeake Gold Intrinsic Value Projected FCF 0.88 - GuruFocus.com |
Additional Tools for Chesapeake Stock Analysis
When running Chesapeake Gold's price analysis, check to measure Chesapeake 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 Chesapeake Gold is operating at the current time. Most of Chesapeake Gold's value examination focuses on studying past and present price action to predict the probability of Chesapeake 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 Chesapeake Gold's price. Additionally, you may evaluate how the addition of Chesapeake Gold to your portfolios can decrease your overall portfolio volatility.