Mako Mining Corp Stock Probability of Future Stock Price Finishing Over 3.63
| MKO Stock | CAD 2.83 0.11 4.04% |
Mako |
Mako Mining Target Price Odds to finish over 3.63
The tendency of Mako 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$ 3.63 or more in 90 days |
| 2.83 | 90 days | 3.63 | near 1 |
Based on a normal probability distribution, the odds of Mako Mining to move over C$ 3.63 or more in 90 days from now is near 1 (This Mako Mining Corp probability density function shows the probability of Mako Stock to fall within a particular range of prices over 90 days) . Probability of Mako Mining Corp price to stay between its current price of C$ 2.83 and C$ 3.63 at the end of the 90-day period is about 99.0 .
Assuming the 90 days horizon Mako Mining has a beta of 0.0717. This indicates as returns on the market go up, Mako Mining average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mako Mining Corp will be expected to be much smaller as well. Additionally Mako Mining Corp 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. Mako Mining Price Density |
| Price |
Predictive Modules for Mako Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mako Mining Corp. 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.Mako Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mako Mining is not an exception. The market had few large corrections towards the Mako Mining'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 Mako Mining Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mako Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 0.07 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | -0.08 |
Mako Mining 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 Mako Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mako Mining Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Mako Mining Corp generated a negative expected return over the last 90 days | |
| Mako Mining Corp has accumulated 10.92 M in total debt. Mako Mining Corp has a current ratio of 0.74, 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 Mako Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Mako Mining'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 Mako Mining Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mako to invest in growth at high rates of return. When we think about Mako Mining's use of debt, we should always consider it together with cash and equity. | |
| Latest headline from news.google.com: Mako Mining Reports 15.7M Q3 Revenue Despite Permit Delays Impacting Gold Production MAKOF Stock News - StockTitan |
Mako Mining 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 Mako Stock often depends not only on the future outlook of the current and potential Mako Mining'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. Mako Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 66.5 M | |
| Cash And Short Term Investments | 1.5 M |
Mako Mining Technical Analysis
Mako Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Mako Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mako Mining Corp. In general, you should focus on analyzing Mako Stock price patterns and their correlations with different microeconomic environments and drivers.
Mako Mining Predictive Forecast Models
Mako Mining's time-series forecasting models is one of many Mako Mining'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 Mako Mining'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 Mako Mining Corp
Checking the ongoing alerts about Mako Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mako Mining Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mako Mining Corp generated a negative expected return over the last 90 days | |
| Mako Mining Corp has accumulated 10.92 M in total debt. Mako Mining Corp has a current ratio of 0.74, 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 Mako Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Mako Mining'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 Mako Mining Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mako to invest in growth at high rates of return. When we think about Mako Mining's use of debt, we should always consider it together with cash and equity. | |
| Latest headline from news.google.com: Mako Mining Reports 15.7M Q3 Revenue Despite Permit Delays Impacting Gold Production MAKOF Stock News - StockTitan |
Additional Tools for Mako Stock Analysis
When running Mako Mining's price analysis, check to measure Mako Mining'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 Mako Mining is operating at the current time. Most of Mako Mining's value examination focuses on studying past and present price action to predict the probability of Mako Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mako Mining's price. Additionally, you may evaluate how the addition of Mako Mining to your portfolios can decrease your overall portfolio volatility.