Sonora Resources Corp Etf Probability of Future Etf Price Finishing Under 110.62
| SURE Etf | USD 122.17 0.68 0.55% |
Sonora |
Sonora Resources Target Price Odds to finish below 110.62
The tendency of Sonora Etf 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 $ 110.62 or more in 90 days |
| 122.17 | 90 days | 110.62 | near 1 |
Based on a normal probability distribution, the odds of Sonora Resources to drop to $ 110.62 or more in 90 days from now is near 1 (This Sonora Resources Corp probability density function shows the probability of Sonora Etf to fall within a particular range of prices over 90 days) . Probability of Sonora Resources Corp price to stay between $ 110.62 and its current price of $122.17 at the end of the 90-day period is about 70.86 .
Given the investment horizon of 90 days Sonora Resources has a beta of 0.93. This usually implies Sonora Resources Corp market returns are highly-sensitive to returns on the market. As the market goes up or down, Sonora Resources is expected to follow. Additionally Sonora Resources Corp has an alpha of 0.0115, implying that it can generate a 0.0115 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sonora Resources Price Density |
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Predictive Modules for Sonora Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sonora Resources Corp. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf 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.Sonora Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sonora Resources is not an exception. The market had few large corrections towards the Sonora Resources' 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 Sonora Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sonora Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | 0.93 | |
σ | Overall volatility | 3.43 | |
Ir | Information ratio | 0 |
Sonora Resources 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 Sonora Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sonora Resources 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.| Sonora Resources Corp currently holds 200 K in liabilities with Debt to Equity (D/E) ratio of 9.4, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Sonora Resources Corp has a current ratio of 0.16, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Sonora Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Sonora Resources' 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 Sonora Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sonora to invest in growth at high rates of return. When we think about Sonora Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (830.25 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Sonora Resources Corp currently holds about 73.46 K in cash with (267.06 K) of positive cash flow from operations. | |
| The fund maintains 98.98% of its assets in stocks |
Sonora Resources Technical Analysis
Sonora Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Sonora Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sonora Resources Corp. In general, you should focus on analyzing Sonora Etf price patterns and their correlations with different microeconomic environments and drivers.
Sonora Resources Predictive Forecast Models
Sonora Resources' time-series forecasting models is one of many Sonora Resources' etf 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 Sonora Resources' 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 etf market movement and maximize returns from investment trading.
Things to note about Sonora Resources Corp
Checking the ongoing alerts about Sonora Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sonora Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sonora Resources Corp currently holds 200 K in liabilities with Debt to Equity (D/E) ratio of 9.4, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Sonora Resources Corp has a current ratio of 0.16, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Sonora Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Sonora Resources' 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 Sonora Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sonora to invest in growth at high rates of return. When we think about Sonora Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (830.25 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Sonora Resources Corp currently holds about 73.46 K in cash with (267.06 K) of positive cash flow from operations. | |
| The fund maintains 98.98% of its assets in stocks |
Check out Sonora Resources Backtesting, Portfolio Optimization, Sonora Resources Correlation, Sonora Resources Hype Analysis, Sonora Resources Volatility, Sonora Resources History as well as Sonora Resources Performance. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
The market value of Sonora Resources Corp is measured differently than its book value, which is the value of Sonora that is recorded on the company's balance sheet. Investors also form their own opinion of Sonora Resources' value that differs from its market value or its book value, called intrinsic value, which is Sonora Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sonora Resources' market value can be influenced by many factors that don't directly affect Sonora Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sonora Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonora Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonora Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.