Nevado Resources Stock Probability of Future Stock Price Finishing Over 8.95
| VDO-H Stock | CAD 0.08 0.00 0.00% |
Nevado |
Nevado Resources Target Price Odds to finish over 8.95
The tendency of Nevado 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 C$ 8.95 or more in 90 days |
| 0.08 | 90 days | 8.95 | close to zero percent |
Based on a normal probability distribution, the odds of Nevado Resources to move over C$ 8.95 or more in 90 days from now is close to zero percent (This Nevado Resources probability density function shows the probability of Nevado Stock to fall within a particular range of prices over 90 days) . Probability of Nevado Resources price to stay between its current price of C$ 0.08 and C$ 8.95 at the end of the 90-day period is roughly 2.48 .
Assuming the 90 days trading horizon Nevado Resources has a beta of -1.63. This entails as returns on its benchmark rise, returns on holding Nevado Resources are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Nevado Resources is expected to outperform its benchmark. Moreover Nevado Resources has an alpha of 1.9613, implying that it can generate a 1.96 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Nevado Resources Price Density |
| Price |
Predictive Modules for Nevado 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 Nevado Resources. 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 Nevado Resources' 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.
Nevado Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nevado Resources is not an exception. The market had few large corrections towards the Nevado 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 Nevado Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nevado Resources within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 1.96 | |
β | Beta against NYSE Composite | -1.63 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.21 |
Nevado 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 Nevado Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nevado Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nevado Resources is way too risky over 90 days horizon | |
| Nevado Resources has some characteristics of a very speculative penny stock | |
| Nevado Resources appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (191.97 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Nevado Resources has accumulated about 313.94 K in cash with (136.81 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Roughly 27.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Contrasting Electra Battery Materials CBAK Energy Technology - Defense World |
Nevado Resources 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 Nevado Stock often depends not only on the future outlook of the current and potential Nevado Resources' 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. Nevado Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12.2 M | |
| Shares Float | 10.5 M |
Nevado Resources Technical Analysis
Nevado Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Nevado Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nevado Resources. In general, you should focus on analyzing Nevado Stock price patterns and their correlations with different microeconomic environments and drivers.
Nevado Resources Predictive Forecast Models
Nevado Resources' time-series forecasting models is one of many Nevado Resources' 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 Nevado 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 stock market movement and maximize returns from investment trading.
Things to note about Nevado Resources
Checking the ongoing alerts about Nevado Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nevado Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nevado Resources is way too risky over 90 days horizon | |
| Nevado Resources has some characteristics of a very speculative penny stock | |
| Nevado Resources appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (191.97 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Nevado Resources has accumulated about 313.94 K in cash with (136.81 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Roughly 27.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Contrasting Electra Battery Materials CBAK Energy Technology - Defense World |
Check out Nevado Resources Backtesting, Nevado Resources Valuation, Nevado Resources Correlation, Nevado Resources Hype Analysis, Nevado Resources Volatility, Nevado Resources History as well as Nevado Resources Performance. Note that the Nevado Resources information on this page should be used as a complementary analysis to other Nevado Resources' 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 Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Nevado Stock analysis
When running Nevado Resources' price analysis, check to measure Nevado Resources' 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 Nevado Resources is operating at the current time. Most of Nevado Resources' value examination focuses on studying past and present price action to predict the probability of Nevado Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nevado Resources' price. Additionally, you may evaluate how the addition of Nevado Resources to your portfolios can decrease your overall portfolio volatility.
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