Southern Cross (Australia) Probability of Future Stock Price Finishing Over 15.72
| SXG Stock | 3.50 0.07 1.96% |
Southern |
Southern Cross Target Price Odds to finish over 15.72
The tendency of Southern 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 15.72 or more in 90 days |
| 3.50 | 90 days | 15.72 | close to zero percent |
Based on a normal probability distribution, the odds of Southern Cross to move over 15.72 or more in 90 days from now is close to zero percent (This Southern Cross Gold probability density function shows the probability of Southern Stock to fall within a particular range of prices over 90 days) . Probability of Southern Cross Gold price to stay between its current price of 3.50 and 15.72 at the end of the 90-day period is about 18.5 .
Assuming the 90 days trading horizon Southern Cross Gold has a beta of -0.37. This usually implies as returns on the benchmark increase, returns on holding Southern Cross are expected to decrease at a much lower rate. During a bear market, however, Southern Cross Gold is likely to outperform the market. Additionally Southern Cross Gold has an alpha of 0.2661, implying that it can generate a 0.27 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Southern Cross Price Density |
| Price |
Predictive Modules for Southern Cross
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Southern Cross Gold. 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.Southern Cross Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Southern Cross is not an exception. The market had few large corrections towards the Southern Cross' 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 Southern Cross Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Southern Cross within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.27 | |
β | Beta against Dow Jones | -0.37 | |
σ | Overall volatility | 0.29 | |
Ir | Information ratio | 0.04 |
Southern Cross 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 Southern Cross for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Southern Cross Gold can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Southern Cross Gold had very high historical volatility over the last 90 days | |
| Southern Cross Gold has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 359. Net Loss for the year was (7.96 K) with profit before overhead, payroll, taxes, and interest of 164. | |
| Southern Cross generates negative cash flow from operations | |
| About 57.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Why Capricorn Metals, Insignia, Sayona Mining, and Southern Cross Gold shares are falling today - MSN |
Southern Cross 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 Southern Stock often depends not only on the future outlook of the current and potential Southern Cross' 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. Southern Cross' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 185.3 M | |
| Cash And Short Term Investments | 13.4 M |
Southern Cross Technical Analysis
Southern Cross' future price can be derived by breaking down and analyzing its technical indicators over time. Southern Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Southern Cross Gold. In general, you should focus on analyzing Southern Stock price patterns and their correlations with different microeconomic environments and drivers.
Southern Cross Predictive Forecast Models
Southern Cross' time-series forecasting models is one of many Southern Cross' 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 Southern Cross' 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 Southern Cross Gold
Checking the ongoing alerts about Southern Cross for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Southern Cross Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Southern Cross Gold had very high historical volatility over the last 90 days | |
| Southern Cross Gold has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 359. Net Loss for the year was (7.96 K) with profit before overhead, payroll, taxes, and interest of 164. | |
| Southern Cross generates negative cash flow from operations | |
| About 57.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Why Capricorn Metals, Insignia, Sayona Mining, and Southern Cross Gold shares are falling today - MSN |
Additional Tools for Southern Stock Analysis
When running Southern Cross' price analysis, check to measure Southern Cross' 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 Southern Cross is operating at the current time. Most of Southern Cross' value examination focuses on studying past and present price action to predict the probability of Southern Cross' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southern Cross' price. Additionally, you may evaluate how the addition of Southern Cross to your portfolios can decrease your overall portfolio volatility.