Niocorp Developments Ltd Stock Probability of Future Stock Price Finishing Over 2.41
| NB Stock | 2.46 0.46 23.00% |
NioCorp |
NioCorp Developments Target Price Odds to finish over 2.41
The tendency of NioCorp 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 above 2.41 in 90 days |
| 2.46 | 90 days | 2.41 | about 65.28 |
Based on a normal probability distribution, the odds of NioCorp Developments to stay above 2.41 in 90 days from now is about 65.28 (This NioCorp Developments Ltd probability density function shows the probability of NioCorp Stock to fall within a particular range of prices over 90 days) . Probability of NioCorp Developments price to stay between 2.41 and its current price of 2.46 at the end of the 90-day period is about 6.79 .
Allowing for the 90-day total investment horizon the stock has the beta coefficient of 2.2 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, NioCorp Developments will likely underperform. Additionally NioCorp Developments Ltd has an alpha of 0.1336, implying that it can generate a 0.13 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). NioCorp Developments Price Density |
| Price |
Predictive Modules for NioCorp Developments
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NioCorp Developments. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NioCorp Developments' 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.
NioCorp Developments Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NioCorp Developments is not an exception. The market had few large corrections towards the NioCorp Developments' 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 NioCorp Developments Ltd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NioCorp Developments within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.13 | |
β | Beta against NYSE Composite | 2.20 | |
σ | Overall volatility | 0.28 | |
Ir | Information ratio | 0.03 |
NioCorp Developments 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 NioCorp Developments for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NioCorp Developments can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NioCorp Developments had very high historical volatility over the last 90 days | |
| Annual Net Loss to common stockholders was (40.08 M) with gross profit of 0. | |
| NioCorp Developments generates negative cash flow from operations | |
| NioCorp Developments has a very weak financial position based on the latest SEC disclosures | |
| Latest headline from accesswire.com: The Limestone Boat Company Announces Layoffs at Its St. Stephen, NB Production Facility |
NioCorp Developments 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 NioCorp Stock often depends not only on the future outlook of the current and potential NioCorp Developments' 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. NioCorp Developments' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 31.2 M |
NioCorp Developments Technical Analysis
NioCorp Developments' future price can be derived by breaking down and analyzing its technical indicators over time. NioCorp Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NioCorp Developments Ltd. In general, you should focus on analyzing NioCorp Stock price patterns and their correlations with different microeconomic environments and drivers.
NioCorp Developments Predictive Forecast Models
NioCorp Developments' time-series forecasting models is one of many NioCorp Developments' 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 NioCorp Developments' 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 NioCorp Developments
Checking the ongoing alerts about NioCorp Developments for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NioCorp Developments help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NioCorp Developments had very high historical volatility over the last 90 days | |
| Annual Net Loss to common stockholders was (40.08 M) with gross profit of 0. | |
| NioCorp Developments generates negative cash flow from operations | |
| NioCorp Developments has a very weak financial position based on the latest SEC disclosures | |
| Latest headline from accesswire.com: The Limestone Boat Company Announces Layoffs at Its St. Stephen, NB Production Facility |
Check out NioCorp Developments Backtesting, NioCorp Developments Valuation, NioCorp Developments Correlation, NioCorp Developments Hype Analysis, NioCorp Developments Volatility, NioCorp Developments History as well as NioCorp Developments Performance. Note that the NioCorp Developments information on this page should be used as a complementary analysis to other NioCorp Developments' 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for NioCorp Stock analysis
When running NioCorp Developments' price analysis, check to measure NioCorp Developments' 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 NioCorp Developments is operating at the current time. Most of NioCorp Developments' value examination focuses on studying past and present price action to predict the probability of NioCorp Developments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NioCorp Developments' price. Additionally, you may evaluate how the addition of NioCorp Developments to your portfolios can decrease your overall portfolio volatility.
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Is NioCorp Developments' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NioCorp Developments. If investors know NioCorp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NioCorp Developments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.37) | Return On Assets (0.46) | Return On Equity (7.72) |
The market value of NioCorp Developments is measured differently than its book value, which is the value of NioCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NioCorp Developments' value that differs from its market value or its book value, called intrinsic value, which is NioCorp Developments' 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 NioCorp Developments' market value can be influenced by many factors that don't directly affect NioCorp Developments' 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 NioCorp Developments' value and its price as these two are different measures arrived at by different means. Investors typically determine if NioCorp Developments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NioCorp Developments' 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.