Native Mineral (Australia) Probability of Future Stock Price Finishing Over 0.0438
| NMR Stock | 0.04 0 6.06% |
Native |
Native Mineral Target Price Odds to finish over 0.0438
The tendency of Native 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 0.04 or more in 90 days |
| 0.04 | 90 days | 0.04 | about 1.35 |
Based on a normal probability distribution, the odds of Native Mineral to move over 0.04 or more in 90 days from now is about 1.35 (This Native Mineral Resources probability density function shows the probability of Native Stock to fall within a particular range of prices over 90 days) . Probability of Native Mineral Resources price to stay between its current price of 0.04 and 0.04 at the end of the 90-day period is about 16.91 .
Assuming the 90 days trading horizon Native Mineral has a beta of 0.47. This indicates as returns on the market go up, Native Mineral average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Native Mineral Resources will be expected to be much smaller as well. Additionally Native Mineral Resources has an alpha of 0.9106, implying that it can generate a 0.91 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Native Mineral Price Density |
| Price |
Predictive Modules for Native Mineral
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Native Mineral 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.Native Mineral Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Native Mineral is not an exception. The market had few large corrections towards the Native Mineral'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 Native Mineral Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Native Mineral within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.91 | |
β | Beta against Dow Jones | 0.47 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.13 |
Native Mineral 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 Native Mineral for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Native Mineral 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.| Native Mineral is way too risky over 90 days horizon | |
| Native Mineral has some characteristics of a very speculative penny stock | |
| Native Mineral appears to be risky and price may revert if volatility continues | |
| Native Mineral has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (3.74 M) with profit before overhead, payroll, taxes, and interest of 136.9 K. | |
| Native Mineral generates negative cash flow from operations | |
| About 31.0% of the company outstanding shares are owned by corporate insiders |
Native Mineral 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 Native Stock often depends not only on the future outlook of the current and potential Native Mineral'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. Native Mineral's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 197.5 M | |
| Cash And Short Term Investments | 10.5 K |
Native Mineral Technical Analysis
Native Mineral's future price can be derived by breaking down and analyzing its technical indicators over time. Native Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Native Mineral Resources. In general, you should focus on analyzing Native Stock price patterns and their correlations with different microeconomic environments and drivers.
Native Mineral Predictive Forecast Models
Native Mineral's time-series forecasting models is one of many Native Mineral'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 Native Mineral'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 Native Mineral Resources
Checking the ongoing alerts about Native Mineral for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Native Mineral Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Native Mineral is way too risky over 90 days horizon | |
| Native Mineral has some characteristics of a very speculative penny stock | |
| Native Mineral appears to be risky and price may revert if volatility continues | |
| Native Mineral has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (3.74 M) with profit before overhead, payroll, taxes, and interest of 136.9 K. | |
| Native Mineral generates negative cash flow from operations | |
| About 31.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Native Stock Analysis
When running Native Mineral's price analysis, check to measure Native Mineral'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 Native Mineral is operating at the current time. Most of Native Mineral's value examination focuses on studying past and present price action to predict the probability of Native Mineral's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Native Mineral's price. Additionally, you may evaluate how the addition of Native Mineral to your portfolios can decrease your overall portfolio volatility.