Goviex Uranium Stock Probability of Future Stock Price Finishing Over 0.085
| GXU Stock | CAD 0.04 0.01 18.18% |
GoviEx |
GoviEx Uranium Target Price Odds to finish over 0.085
The tendency of GoviEx 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 over C$ 0.09 or more in 90 days |
| 0.04 | 90 days | 0.09 | about 23.32 |
Based on a normal probability distribution, the odds of GoviEx Uranium to move over C$ 0.09 or more in 90 days from now is about 23.32 (This GoviEx Uranium probability density function shows the probability of GoviEx Stock to fall within a particular range of prices over 90 days) . Probability of GoviEx Uranium price to stay between its current price of C$ 0.04 and C$ 0.09 at the end of the 90-day period is about 69.26 .
Assuming the 90 days horizon the stock has the beta coefficient of 2.8 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, GoviEx Uranium will likely underperform. Additionally GoviEx Uranium has an alpha of 0.127, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). GoviEx Uranium Price Density |
| Price |
Predictive Modules for GoviEx Uranium
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GoviEx Uranium. 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.GoviEx Uranium Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. GoviEx Uranium is not an exception. The market had few large corrections towards the GoviEx Uranium'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 GoviEx Uranium, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of GoviEx Uranium within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | 2.80 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.02 |
GoviEx Uranium 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 GoviEx Uranium for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for GoviEx Uranium can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| GoviEx Uranium generated a negative expected return over the last 90 days | |
| GoviEx Uranium has high historical volatility and very poor performance | |
| GoviEx Uranium has some characteristics of a very speculative penny stock | |
| GoviEx Uranium has accumulated 1.29 M in total debt with debt to equity ratio (D/E) of 0.4, which is about average as compared to similar companies. GoviEx Uranium has a current ratio of 0.54, 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 GoviEx Uranium until it has trouble settling it off, either with new capital or with free cash flow. So, GoviEx Uranium's 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 GoviEx Uranium sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for GoviEx to invest in growth at high rates of return. When we think about GoviEx Uranium's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (14.31 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| GoviEx Uranium has accumulated about 2.33 M in cash with (11.19 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: GoviEx Uranium Releases 2024 ESG Report, Advances Muntanga Project Development GVXXF Stock News - StockTitan |
GoviEx Uranium 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 GoviEx Stock often depends not only on the future outlook of the current and potential GoviEx Uranium'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. GoviEx Uranium's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 812.7 M | |
| Cash And Short Term Investments | 12.2 M |
GoviEx Uranium Technical Analysis
GoviEx Uranium's future price can be derived by breaking down and analyzing its technical indicators over time. GoviEx Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of GoviEx Uranium. In general, you should focus on analyzing GoviEx Stock price patterns and their correlations with different microeconomic environments and drivers.
GoviEx Uranium Predictive Forecast Models
GoviEx Uranium's time-series forecasting models is one of many GoviEx Uranium'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 GoviEx Uranium'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 GoviEx Uranium
Checking the ongoing alerts about GoviEx Uranium for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for GoviEx Uranium help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| GoviEx Uranium generated a negative expected return over the last 90 days | |
| GoviEx Uranium has high historical volatility and very poor performance | |
| GoviEx Uranium has some characteristics of a very speculative penny stock | |
| GoviEx Uranium has accumulated 1.29 M in total debt with debt to equity ratio (D/E) of 0.4, which is about average as compared to similar companies. GoviEx Uranium has a current ratio of 0.54, 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 GoviEx Uranium until it has trouble settling it off, either with new capital or with free cash flow. So, GoviEx Uranium's 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 GoviEx Uranium sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for GoviEx to invest in growth at high rates of return. When we think about GoviEx Uranium's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (14.31 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| GoviEx Uranium has accumulated about 2.33 M in cash with (11.19 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: GoviEx Uranium Releases 2024 ESG Report, Advances Muntanga Project Development GVXXF Stock News - StockTitan |
Additional Tools for GoviEx Stock Analysis
When running GoviEx Uranium's price analysis, check to measure GoviEx Uranium'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 GoviEx Uranium is operating at the current time. Most of GoviEx Uranium's value examination focuses on studying past and present price action to predict the probability of GoviEx Uranium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GoviEx Uranium's price. Additionally, you may evaluate how the addition of GoviEx Uranium to your portfolios can decrease your overall portfolio volatility.