Gold Road (Australia) Probability of Future Stock Price Finishing Over 1.5

GOR Stock   2.11  0.05  2.31%   
Gold Road's future price is the expected price of Gold Road instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Gold Road Resources performance during a given time horizon utilizing its historical volatility. Check out Gold Road Backtesting, Gold Road Valuation, Gold Road Correlation, Gold Road Hype Analysis, Gold Road Volatility, Gold Road History as well as Gold Road Performance.
  
Please specify Gold Road's target price for which you would like Gold Road odds to be computed.

Gold Road Target Price Odds to finish over 1.5

The tendency of Gold 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 PriceHorizonTarget PriceOdds to stay above  1.50  in 90 days
 2.11 90 days 1.50 
close to 99
Based on a normal probability distribution, the odds of Gold Road to stay above  1.50  in 90 days from now is close to 99 (This Gold Road Resources probability density function shows the probability of Gold Stock to fall within a particular range of prices over 90 days) . Probability of Gold Road Resources price to stay between  1.50  and its current price of 2.11 at the end of the 90-day period is under 95 .
Assuming the 90 days trading horizon Gold Road Resources has a beta of -0.97. This usually indicates Additionally Gold Road Resources has an alpha of 0.4731, implying that it can generate a 0.47 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Gold Road Price Density   
       Price  

Predictive Modules for Gold Road

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gold Road 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.
Hype
Prediction
LowEstimatedHigh
0.112.134.26
Details
Intrinsic
Valuation
LowRealHigh
0.081.703.83
Details
Naive
Forecast
LowNextHigh
0.042.124.25
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.020.030.03
Details

Gold Road Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Gold Road is not an exception. The market had few large corrections towards the Gold Road'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 Gold Road Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Gold Road within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.47
β
Beta against Dow Jones-0.97
σ
Overall volatility
0.15
Ir
Information ratio 0.14

Gold Road 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 Gold Road for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Gold Road 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.
Gold Road Resources is unlikely to experience financial distress in the next 2 years
Latest headline from news.google.com: RBC sees turnaround potential in Gold Road stock with NST-DEG catalyst in focus - Investing.com Nigeria

Gold Road 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 Gold Stock often depends not only on the future outlook of the current and potential Gold Road'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. Gold Road's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding1.1 B
Cash And Short Term Investments143.8 M

Gold Road Technical Analysis

Gold Road's future price can be derived by breaking down and analyzing its technical indicators over time. Gold Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Gold Road Resources. In general, you should focus on analyzing Gold Stock price patterns and their correlations with different microeconomic environments and drivers.

Gold Road Predictive Forecast Models

Gold Road's time-series forecasting models is one of many Gold Road'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 Gold Road'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 Gold Road Resources

Checking the ongoing alerts about Gold Road for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Gold Road Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Gold Road Resources is unlikely to experience financial distress in the next 2 years
Latest headline from news.google.com: RBC sees turnaround potential in Gold Road stock with NST-DEG catalyst in focus - Investing.com Nigeria

Additional Tools for Gold Stock Analysis

When running Gold Road's price analysis, check to measure Gold Road'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 Gold Road is operating at the current time. Most of Gold Road's value examination focuses on studying past and present price action to predict the probability of Gold Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Road's price. Additionally, you may evaluate how the addition of Gold Road to your portfolios can decrease your overall portfolio volatility.