Galore Resources Stock Probability of Future Stock Price Finishing Under 0.0101
| GRI Stock | CAD 0.01 0.01 50.00% |
Galore |
Galore Resources Target Price Odds to finish below 0.0101
The tendency of Galore 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$ 0.01 after 90 days |
| 0.01 | 90 days | 0.01 | about 26.5 |
Based on a normal probability distribution, the odds of Galore Resources to stay under C$ 0.01 after 90 days from now is about 26.5 (This Galore Resources probability density function shows the probability of Galore Stock to fall within a particular range of prices over 90 days) . Probability of Galore Resources price to stay between its current price of C$ 0.01 and C$ 0.01 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon Galore Resources has a beta of -6.21. This usually indicates as returns on its benchmark rise, returns on holding Galore Resources are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Galore Resources is expected to outperform its benchmark. In addition to that Galore Resources has an alpha of 2.4783, implying that it can generate a 2.48 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Galore Resources Price Density |
| Price |
Predictive Modules for Galore 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 Galore 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.Galore Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Galore Resources is not an exception. The market had few large corrections towards the Galore 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 Galore Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Galore Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.48 | |
β | Beta against Dow Jones | -6.21 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.08 |
Galore 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 Galore Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Galore 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.| Galore Resources is way too risky over 90 days horizon | |
| Galore Resources has some characteristics of a very speculative penny stock | |
| Galore Resources appears to be risky and price may revert if volatility continues | |
| Galore Resources has high likelihood to experience some financial distress in the next 2 years | |
| Galore Resources has accumulated 961.83 K in total debt with debt to equity ratio (D/E) of 6.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Galore Resources has a current ratio of 0.05, 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 Galore Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Galore 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 Galore Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Galore to invest in growth at high rates of return. When we think about Galore Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (856.75 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Galore Resources has accumulated about 1.16 K in cash with (41.97 K) of positive cash flow from operations. | |
| Roughly 31.0% of Galore Resources shares are held by company insiders | |
| Latest headline from news.google.com: Galore Resources Commences Drilling in Mexico - TipRanks |
Galore 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 Galore Stock often depends not only on the future outlook of the current and potential Galore 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. Galore Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 165.7 M |
Galore Resources Technical Analysis
Galore Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Galore Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Galore Resources. In general, you should focus on analyzing Galore Stock price patterns and their correlations with different microeconomic environments and drivers.
Galore Resources Predictive Forecast Models
Galore Resources' time-series forecasting models is one of many Galore 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 Galore 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 Galore Resources
Checking the ongoing alerts about Galore Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Galore Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Galore Resources is way too risky over 90 days horizon | |
| Galore Resources has some characteristics of a very speculative penny stock | |
| Galore Resources appears to be risky and price may revert if volatility continues | |
| Galore Resources has high likelihood to experience some financial distress in the next 2 years | |
| Galore Resources has accumulated 961.83 K in total debt with debt to equity ratio (D/E) of 6.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Galore Resources has a current ratio of 0.05, 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 Galore Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Galore 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 Galore Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Galore to invest in growth at high rates of return. When we think about Galore Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (856.75 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Galore Resources has accumulated about 1.16 K in cash with (41.97 K) of positive cash flow from operations. | |
| Roughly 31.0% of Galore Resources shares are held by company insiders | |
| Latest headline from news.google.com: Galore Resources Commences Drilling in Mexico - TipRanks |
Additional Tools for Galore Stock Analysis
When running Galore Resources' price analysis, check to measure Galore Resources' 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 Galore Resources is operating at the current time. Most of Galore Resources' value examination focuses on studying past and present price action to predict the probability of Galore Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galore Resources' price. Additionally, you may evaluate how the addition of Galore Resources to your portfolios can decrease your overall portfolio volatility.