Norwest Minerals (Australia) Probability of Future Stock Price Finishing Over 0.042
| NWM Stock | 0.02 0 5.88% |
Norwest |
Norwest Minerals Target Price Odds to finish over 0.042
The tendency of Norwest 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 |
| 0.02 | 90 days | 0.04 | close to zero percent |
Based on a normal probability distribution, the odds of Norwest Minerals to move over 0.04 or more in 90 days from now is close to zero percent (This Norwest Minerals probability density function shows the probability of Norwest Stock to fall within a particular range of prices over 90 days) . Probability of Norwest Minerals price to stay between its current price of 0.02 and 0.04 at the end of the 90-day period is about 98.0 .
Assuming the 90 days trading horizon Norwest Minerals has a beta of -0.41. This indicates as returns on the benchmark increase, returns on holding Norwest Minerals are expected to decrease at a much lower rate. During a bear market, however, Norwest Minerals is likely to outperform the market. Additionally Norwest Minerals 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. Norwest Minerals Price Density |
| Price |
Predictive Modules for Norwest 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 Norwest 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.Norwest Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Norwest Minerals is not an exception. The market had few large corrections towards the Norwest 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 Norwest Minerals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Norwest Minerals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.21 | |
β | Beta against Dow Jones | -0.41 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.04 |
Norwest 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 Norwest Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Norwest 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.| Norwest Minerals generated a negative expected return over the last 90 days | |
| Norwest Minerals has high historical volatility and very poor performance | |
| Norwest Minerals has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 536. Net Loss for the year was (1.04 M) with profit before overhead, payroll, taxes, and interest of 86.76 K. | |
| Norwest Minerals has accumulated about 1.01 M in cash with (998.55 K) of positive cash flow from operations. | |
| Roughly 43.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Norwest Minerals Updates on Directors Changed Holdings - TipRanks |
Norwest 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 Norwest Stock often depends not only on the future outlook of the current and potential Norwest 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. Norwest Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 317.4 M | |
| Cash And Short Term Investments | 244.7 K |
Norwest Minerals Technical Analysis
Norwest Minerals' future price can be derived by breaking down and analyzing its technical indicators over time. Norwest Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Norwest Minerals. In general, you should focus on analyzing Norwest Stock price patterns and their correlations with different microeconomic environments and drivers.
Norwest Minerals Predictive Forecast Models
Norwest Minerals' time-series forecasting models is one of many Norwest 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 Norwest 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 Norwest Minerals
Checking the ongoing alerts about Norwest Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Norwest Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Norwest Minerals generated a negative expected return over the last 90 days | |
| Norwest Minerals has high historical volatility and very poor performance | |
| Norwest Minerals has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 536. Net Loss for the year was (1.04 M) with profit before overhead, payroll, taxes, and interest of 86.76 K. | |
| Norwest Minerals has accumulated about 1.01 M in cash with (998.55 K) of positive cash flow from operations. | |
| Roughly 43.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Norwest Minerals Updates on Directors Changed Holdings - TipRanks |
Additional Tools for Norwest Stock Analysis
When running Norwest Minerals' price analysis, check to measure Norwest 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 Norwest Minerals is operating at the current time. Most of Norwest Minerals' value examination focuses on studying past and present price action to predict the probability of Norwest Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norwest Minerals' price. Additionally, you may evaluate how the addition of Norwest Minerals to your portfolios can decrease your overall portfolio volatility.