Iconic Minerals Stock Probability of Future Stock Price Finishing Under 0.0102
| ICM Stock | CAD 0.01 0.01 50.00% |
Iconic |
Iconic Minerals Target Price Odds to finish below 0.0102
The tendency of Iconic 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 35.88 |
Based on a normal probability distribution, the odds of Iconic Minerals to stay under C$ 0.01 after 90 days from now is about 35.88 (This Iconic Minerals probability density function shows the probability of Iconic Stock to fall within a particular range of prices over 90 days) . Probability of Iconic Minerals price to stay between its current price of C$ 0.01 and C$ 0.01 at the end of the 90-day period is roughly 2.05 .
Assuming the 90 days horizon the stock has the beta coefficient of 2.14 . 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, Iconic Minerals will likely underperform. In addition to that Iconic Minerals has an alpha of 2.7476, implying that it can generate a 2.75 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Iconic Minerals Price Density |
| Price |
Predictive Modules for Iconic Minerals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Iconic Minerals. 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.Iconic Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Iconic Minerals is not an exception. The market had few large corrections towards the Iconic Minerals' 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 Iconic Minerals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Iconic Minerals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.75 | |
β | Beta against Dow Jones | 2.14 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.10 |
Iconic Minerals 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 Iconic Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Iconic Minerals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Iconic Minerals is way too risky over 90 days horizon | |
| Iconic Minerals has some characteristics of a very speculative penny stock | |
| Iconic Minerals appears to be risky and price may revert if volatility continues | |
| Iconic Minerals has high likelihood to experience some financial distress in the next 2 years | |
| Iconic Minerals has accumulated 1.39 M in total debt. Iconic Minerals 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 Iconic Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Iconic Minerals' 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 Iconic Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Iconic to invest in growth at high rates of return. When we think about Iconic Minerals' use of debt, we should always consider it together with cash and equity. | |
| Iconic Minerals has accumulated about 105.94 K in cash with (3.32 M) of positive cash flow from operations. |
Iconic Minerals 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 Iconic Stock often depends not only on the future outlook of the current and potential Iconic Minerals' 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. Iconic Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 133.9 M | |
| Cash And Short Term Investments | 2.4 M |
Iconic Minerals Technical Analysis
Iconic Minerals' future price can be derived by breaking down and analyzing its technical indicators over time. Iconic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Iconic Minerals. In general, you should focus on analyzing Iconic Stock price patterns and their correlations with different microeconomic environments and drivers.
Iconic Minerals Predictive Forecast Models
Iconic Minerals' time-series forecasting models is one of many Iconic Minerals' 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 Iconic Minerals' 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 Iconic Minerals
Checking the ongoing alerts about Iconic Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Iconic Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Iconic Minerals is way too risky over 90 days horizon | |
| Iconic Minerals has some characteristics of a very speculative penny stock | |
| Iconic Minerals appears to be risky and price may revert if volatility continues | |
| Iconic Minerals has high likelihood to experience some financial distress in the next 2 years | |
| Iconic Minerals has accumulated 1.39 M in total debt. Iconic Minerals 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 Iconic Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Iconic Minerals' 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 Iconic Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Iconic to invest in growth at high rates of return. When we think about Iconic Minerals' use of debt, we should always consider it together with cash and equity. | |
| Iconic Minerals has accumulated about 105.94 K in cash with (3.32 M) of positive cash flow from operations. |
Additional Tools for Iconic Stock Analysis
When running Iconic Minerals' price analysis, check to measure Iconic Minerals' 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 Iconic Minerals is operating at the current time. Most of Iconic Minerals' value examination focuses on studying past and present price action to predict the probability of Iconic Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iconic Minerals' price. Additionally, you may evaluate how the addition of Iconic Minerals to your portfolios can decrease your overall portfolio volatility.