Goldmining Stock Probability of Future Stock Price Finishing Under 0.82
| GLDG Stock | USD 0.82 0.02 2.38% |
GoldMining |
GoldMining Target Price Odds to finish below 0.82
The tendency of GoldMining 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 below current price in 90 days |
| 0.82 | 90 days | 0.82 | roughly 2.27 |
Based on a normal probability distribution, the odds of GoldMining to move below current price in 90 days from now is roughly 2.27 (This GoldMining probability density function shows the probability of GoldMining Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days GoldMining has a beta of -0.13. This usually indicates as returns on the benchmark increase, returns on holding GoldMining are expected to decrease at a much lower rate. During a bear market, however, GoldMining is likely to outperform the market. Additionally GoldMining 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. GoldMining Price Density |
| Price |
Predictive Modules for GoldMining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GoldMining. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GoldMining's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
GoldMining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. GoldMining is not an exception. The market had few large corrections towards the GoldMining'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 GoldMining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of GoldMining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.34 | |
β | Beta against Dow Jones | -0.13 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.14 |
GoldMining 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 GoldMining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for GoldMining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| GoldMining generated a negative expected return over the last 90 days | |
| GoldMining has some characteristics of a very speculative penny stock | |
| GoldMining currently holds 395 K in liabilities with Debt to Equity (D/E) ratio of 0.08, which may suggest the company is not taking enough advantage from borrowing. GoldMining has a current ratio of 0.41, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about GoldMining's use of debt, we should always consider it together with its cash and equity. | |
| Net Loss for the year was (30.45 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| GoldMining currently holds about 4.02 M in cash with (21.83 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| GoldMining has a frail financial position based on the latest SEC disclosures | |
| Latest headline from thelincolnianonline.com: GoldMining Inc. Sees Significant Decline in Short Interest |
GoldMining 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 GoldMining Stock often depends not only on the future outlook of the current and potential GoldMining'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. GoldMining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 171.9 M | |
| Cash And Short Term Investments | 21.6 M |
GoldMining Technical Analysis
GoldMining's future price can be derived by breaking down and analyzing its technical indicators over time. GoldMining Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of GoldMining. In general, you should focus on analyzing GoldMining Stock price patterns and their correlations with different microeconomic environments and drivers.
GoldMining Predictive Forecast Models
GoldMining's time-series forecasting models is one of many GoldMining'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 GoldMining'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 GoldMining
Checking the ongoing alerts about GoldMining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for GoldMining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| GoldMining generated a negative expected return over the last 90 days | |
| GoldMining has some characteristics of a very speculative penny stock | |
| GoldMining currently holds 395 K in liabilities with Debt to Equity (D/E) ratio of 0.08, which may suggest the company is not taking enough advantage from borrowing. GoldMining has a current ratio of 0.41, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about GoldMining's use of debt, we should always consider it together with its cash and equity. | |
| Net Loss for the year was (30.45 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| GoldMining currently holds about 4.02 M in cash with (21.83 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| GoldMining has a frail financial position based on the latest SEC disclosures | |
| Latest headline from thelincolnianonline.com: GoldMining Inc. Sees Significant Decline in Short Interest |
Check out GoldMining Backtesting, GoldMining Valuation, GoldMining Correlation, GoldMining Hype Analysis, GoldMining Volatility, GoldMining History as well as GoldMining Performance. For more detail on how to invest in GoldMining Stock please use our How to Invest in GoldMining guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GoldMining. If investors know GoldMining will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GoldMining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.09) | Return On Assets (0.12) | Return On Equity (0.21) |
The market value of GoldMining is measured differently than its book value, which is the value of GoldMining that is recorded on the company's balance sheet. Investors also form their own opinion of GoldMining's value that differs from its market value or its book value, called intrinsic value, which is GoldMining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GoldMining's market value can be influenced by many factors that don't directly affect GoldMining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoldMining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.