Midnight Sun Mining Stock Probability of Future Pink Sheet Price Finishing Over 0.17
| MDNGF Stock | USD 0.17 0.01 5.56% |
Midnight |
Midnight Sun Target Price Odds to finish over 0.17
The tendency of Midnight Pink Sheet 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 above the current price in 90 days |
| 0.17 | 90 days | 0.17 | about 88.45 |
Based on a normal probability distribution, the odds of Midnight Sun to move above the current price in 90 days from now is about 88.45 (This Midnight Sun Mining probability density function shows the probability of Midnight Pink Sheet to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Midnight Sun has a beta of 0.39. This indicates as returns on the market go up, Midnight Sun average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Midnight Sun Mining will be expected to be much smaller as well. Additionally Midnight Sun Mining has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Midnight Sun Price Density |
| Price |
Predictive Modules for Midnight Sun
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Midnight Sun Mining. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Midnight Sun's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Midnight Sun Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Midnight Sun is not an exception. The market had few large corrections towards the Midnight Sun'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 Midnight Sun Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Midnight Sun within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.24 | |
β | Beta against NYSE Composite | 0.39 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.04 |
Midnight Sun 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 Midnight Sun for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Midnight Sun Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Midnight Sun Mining generated a negative expected return over the last 90 days | |
| Midnight Sun Mining has high historical volatility and very poor performance | |
| Midnight Sun Mining has some characteristics of a very speculative penny stock | |
| Midnight Sun Mining has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (1.9 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Midnight Sun Mining has accumulated about 1.7 M in cash with (869.15 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Midnight Sun 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 Midnight Pink Sheet often depends not only on the future outlook of the current and potential Midnight Sun'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. Midnight Sun's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 113 M |
Midnight Sun Technical Analysis
Midnight Sun's future price can be derived by breaking down and analyzing its technical indicators over time. Midnight Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Midnight Sun Mining. In general, you should focus on analyzing Midnight Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Midnight Sun Predictive Forecast Models
Midnight Sun's time-series forecasting models is one of many Midnight Sun's pink sheet 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 Midnight Sun'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Midnight Sun Mining
Checking the ongoing alerts about Midnight Sun for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Midnight Sun Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Midnight Sun Mining generated a negative expected return over the last 90 days | |
| Midnight Sun Mining has high historical volatility and very poor performance | |
| Midnight Sun Mining has some characteristics of a very speculative penny stock | |
| Midnight Sun Mining has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (1.9 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Midnight Sun Mining has accumulated about 1.7 M in cash with (869.15 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Check out Midnight Sun Backtesting, Midnight Sun Valuation, Midnight Sun Correlation, Midnight Sun Hype Analysis, Midnight Sun Volatility, Midnight Sun History as well as Midnight Sun Performance. Note that the Midnight Sun Mining information on this page should be used as a complementary analysis to other Midnight Sun's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Midnight Pink Sheet analysis
When running Midnight Sun's price analysis, check to measure Midnight Sun'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 Midnight Sun is operating at the current time. Most of Midnight Sun's value examination focuses on studying past and present price action to predict the probability of Midnight Sun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midnight Sun's price. Additionally, you may evaluate how the addition of Midnight Sun to your portfolios can decrease your overall portfolio volatility.
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |