Midnight Sun Mining Stock Probability of Future Stock Price Finishing Under 0.32
| MMA Stock | CAD 0.59 0.20 51.28% |
Midnight |
Midnight Sun Target Price Odds to finish below 0.32
The tendency of Midnight 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 drop to C$ 0.32 or more in 90 days |
| 0.59 | 90 days | 0.32 | about 6.97 |
Based on a normal probability distribution, the odds of Midnight Sun to drop to C$ 0.32 or more in 90 days from now is about 6.97 (This Midnight Sun Mining probability density function shows the probability of Midnight Stock to fall within a particular range of prices over 90 days) . Probability of Midnight Sun Mining price to stay between C$ 0.32 and its current price of C$0.59 at the end of the 90-day period is about 92.84 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.38 . This 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, Midnight Sun will likely underperform. Moreover Midnight Sun Mining has an alpha of 1.1609, implying that it can generate a 1.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Midnight Sun Price Density |
| Price |
Predictive Modules for Midnight Sun
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Midnight Sun Mining. 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.Midnight Sun Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Midnight Sun is not an exception. The market had few large corrections towards the Midnight Sun'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 Midnight Sun Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Midnight Sun within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.16 | |
β | Beta against Dow Jones | 1.38 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | 0.14 |
Midnight Sun 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 Midnight Sun for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Midnight Sun Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Midnight Sun Mining is way too risky over 90 days horizon | |
| Midnight Sun Mining has some characteristics of a very speculative penny stock | |
| Midnight Sun Mining appears to be risky and price may revert if volatility continues | |
| Midnight Sun Mining has accumulated 376.27 K in total debt with debt to equity ratio (D/E) of 0.04, which may suggest the company is not taking enough advantage from borrowing. Midnight Sun Mining has a current ratio of 0.21, 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 Midnight Sun until it has trouble settling it off, either with new capital or with free cash flow. So, Midnight Sun'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 Midnight Sun Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Midnight to invest in growth at high rates of return. When we think about Midnight Sun's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.54 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Midnight Sun Mining has accumulated about 25.29 K in cash with (1.62 M) of positive cash flow from operations. | |
| Latest headline from news.google.com: The Best Mining Stock to Invest 200 in Right Now - Yahoo Canada Finance |
Midnight Sun 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 Midnight Stock often depends not only on the future outlook of the current and potential Midnight Sun'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. Midnight Sun's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 118.3 M | |
| Cash And Short Term Investments | 23.9 K |
Midnight Sun Technical Analysis
Midnight Sun's future price can be derived by breaking down and analyzing its technical indicators over time. Midnight Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Midnight Sun Mining. In general, you should focus on analyzing Midnight Stock price patterns and their correlations with different microeconomic environments and drivers.
Midnight Sun Predictive Forecast Models
Midnight Sun's time-series forecasting models is one of many Midnight Sun'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 Midnight Sun'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 Midnight Sun Mining
Checking the ongoing alerts about Midnight Sun for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Midnight Sun Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Midnight Sun Mining is way too risky over 90 days horizon | |
| Midnight Sun Mining has some characteristics of a very speculative penny stock | |
| Midnight Sun Mining appears to be risky and price may revert if volatility continues | |
| Midnight Sun Mining has accumulated 376.27 K in total debt with debt to equity ratio (D/E) of 0.04, which may suggest the company is not taking enough advantage from borrowing. Midnight Sun Mining has a current ratio of 0.21, 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 Midnight Sun until it has trouble settling it off, either with new capital or with free cash flow. So, Midnight Sun'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 Midnight Sun Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Midnight to invest in growth at high rates of return. When we think about Midnight Sun's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.54 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Midnight Sun Mining has accumulated about 25.29 K in cash with (1.62 M) of positive cash flow from operations. | |
| Latest headline from news.google.com: The Best Mining Stock to Invest 200 in Right Now - Yahoo Canada Finance |
Additional Tools for Midnight Stock Analysis
When running Midnight Sun's price analysis, check to measure Midnight Sun'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 Midnight Sun is operating at the current time. Most of Midnight Sun's value examination focuses on studying past and present price action to predict the probability of Midnight Sun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midnight Sun's price. Additionally, you may evaluate how the addition of Midnight Sun to your portfolios can decrease your overall portfolio volatility.