Sunshine Metals (Australia) Probability of Future Stock Price Finishing Over 0.0209
| SHN Stock | 0.02 0 8.33% |
Sunshine |
Sunshine Metals Target Price Odds to finish over 0.0209
The tendency of Sunshine 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 0.02 in 90 days |
| 0.02 | 90 days | 0.02 | about 28.84 |
Based on a normal probability distribution, the odds of Sunshine Metals to stay above 0.02 in 90 days from now is about 28.84 (This Sunshine Metals probability density function shows the probability of Sunshine Stock to fall within a particular range of prices over 90 days) . Probability of Sunshine Metals price to stay between 0.02 and its current price of 0.022 at the end of the 90-day period is about 6.77 .
Assuming the 90 days trading horizon Sunshine Metals has a beta of 0.59. This usually implies as returns on the market go up, Sunshine Metals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Sunshine Metals will be expected to be much smaller as well. Moreover Sunshine Metals has an alpha of 1.0428, implying that it can generate a 1.04 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sunshine Metals Price Density |
| Price |
Predictive Modules for Sunshine Metals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sunshine Metals. 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.Sunshine Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sunshine Metals is not an exception. The market had few large corrections towards the Sunshine Metals' 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 Sunshine Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sunshine Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.04 | |
β | Beta against Dow Jones | 0.59 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.16 |
Sunshine Metals 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 Sunshine Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sunshine Metals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sunshine Metals is way too risky over 90 days horizon | |
| Sunshine Metals has some characteristics of a very speculative penny stock | |
| Sunshine Metals appears to be risky and price may revert if volatility continues | |
| Sunshine Metals has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 30.99 K. Net Loss for the year was (2.27 M) with profit before overhead, payroll, taxes, and interest of 30.99 K. | |
| Sunshine Metals has accumulated about 3.33 M in cash with (837.66 K) of positive cash flow from operations. | |
| Roughly 17.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Sunshine Metals Limited Reports Quarterly Cash Flow Results - TipRanks |
Sunshine Metals 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 Sunshine Stock often depends not only on the future outlook of the current and potential Sunshine Metals' 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. Sunshine Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.7 B | |
| Cash And Short Term Investments | 1.9 M |
Sunshine Metals Technical Analysis
Sunshine Metals' future price can be derived by breaking down and analyzing its technical indicators over time. Sunshine Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sunshine Metals. In general, you should focus on analyzing Sunshine Stock price patterns and their correlations with different microeconomic environments and drivers.
Sunshine Metals Predictive Forecast Models
Sunshine Metals' time-series forecasting models is one of many Sunshine Metals' 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 Sunshine Metals' 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 Sunshine Metals
Checking the ongoing alerts about Sunshine Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sunshine Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sunshine Metals is way too risky over 90 days horizon | |
| Sunshine Metals has some characteristics of a very speculative penny stock | |
| Sunshine Metals appears to be risky and price may revert if volatility continues | |
| Sunshine Metals has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 30.99 K. Net Loss for the year was (2.27 M) with profit before overhead, payroll, taxes, and interest of 30.99 K. | |
| Sunshine Metals has accumulated about 3.33 M in cash with (837.66 K) of positive cash flow from operations. | |
| Roughly 17.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Sunshine Metals Limited Reports Quarterly Cash Flow Results - TipRanks |
Additional Tools for Sunshine Stock Analysis
When running Sunshine Metals' price analysis, check to measure Sunshine Metals' 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 Sunshine Metals is operating at the current time. Most of Sunshine Metals' value examination focuses on studying past and present price action to predict the probability of Sunshine Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunshine Metals' price. Additionally, you may evaluate how the addition of Sunshine Metals to your portfolios can decrease your overall portfolio volatility.