Solgold Plc Stock Probability of Future Stock Price Finishing Under 0.2
| SOLG Stock | CAD 0.12 0.01 7.69% |
SolGold |
SolGold PLC Target Price Odds to finish below 0.2
The tendency of SolGold 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$ 0.20 after 90 days |
| 0.12 | 90 days | 0.20 | over 95.12 |
Based on a normal probability distribution, the odds of SolGold PLC to stay under C$ 0.20 after 90 days from now is over 95.12 (This SolGold PLC probability density function shows the probability of SolGold Stock to fall within a particular range of prices over 90 days) . Probability of SolGold PLC price to stay between its current price of C$ 0.12 and C$ 0.20 at the end of the 90-day period is about 90.3 .
Assuming the 90 days trading horizon SolGold PLC has a beta of 0.47. This usually implies as returns on the market go up, SolGold PLC average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SolGold PLC will be expected to be much smaller as well. Additionally SolGold PLC 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. SolGold PLC Price Density |
| Price |
Predictive Modules for SolGold PLC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SolGold PLC. 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.SolGold PLC Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SolGold PLC is not an exception. The market had few large corrections towards the SolGold PLC'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 SolGold PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SolGold PLC within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.74 | |
β | Beta against Dow Jones | 0.47 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.24 |
SolGold PLC 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 SolGold PLC for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SolGold PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SolGold PLC generated a negative expected return over the last 90 days | |
| SolGold PLC has some characteristics of a very speculative penny stock | |
| SolGold PLC has high historical volatility and very poor performance | |
| SolGold PLC has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (60.3 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| SolGold PLC has accumulated about 46.9 M in cash with (10.24 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 53.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: SolGold Shareholders Show Strong Support at AGM, All Resolutions Pass with 90 Backing SLGGF Stock News - StockTitan |
SolGold PLC 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 SolGold Stock often depends not only on the future outlook of the current and potential SolGold PLC'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. SolGold PLC's indicators that are reflective of the short sentiment are summarized in the table below.
| Cash And Short Term Investments | 6 M |
SolGold PLC Technical Analysis
SolGold PLC's future price can be derived by breaking down and analyzing its technical indicators over time. SolGold Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SolGold PLC. In general, you should focus on analyzing SolGold Stock price patterns and their correlations with different microeconomic environments and drivers.
SolGold PLC Predictive Forecast Models
SolGold PLC's time-series forecasting models is one of many SolGold PLC'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 SolGold PLC'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 SolGold PLC
Checking the ongoing alerts about SolGold PLC for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SolGold PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SolGold PLC generated a negative expected return over the last 90 days | |
| SolGold PLC has some characteristics of a very speculative penny stock | |
| SolGold PLC has high historical volatility and very poor performance | |
| SolGold PLC has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (60.3 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| SolGold PLC has accumulated about 46.9 M in cash with (10.24 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 53.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: SolGold Shareholders Show Strong Support at AGM, All Resolutions Pass with 90 Backing SLGGF Stock News - StockTitan |
Other Information on Investing in SolGold Stock
SolGold PLC financial ratios help investors to determine whether SolGold Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SolGold with respect to the benefits of owning SolGold PLC security.