Durango OTC Stock Probability of Future OTC Stock Price Finishing Over 0.0419

ATOXF
 Stock
  

USD 0.0419  0.001  2.44%   

Durango Resources' future price is the expected price of Durango Resources instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Durango Resources performance during a given time horizon utilizing its historical volatility.
  
Please continue to Durango Resources Backtesting, Durango Resources Valuation, Durango Resources Correlation, Durango Resources Hype Analysis, Durango Resources Volatility, Durango Resources History as well as Durango Resources Performance. Please specify Durango Resources time horizon, a valid symbol (red box) and a target price (blue box) you would like Durango Resources odds to be computed.

Durango Resources Target Price Odds to finish over 0.0419

The tendency of Durango OTC 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 PriceHorizonTarget PriceOdds to move above the current price in 90 days
 0.0419 90 days 0.0419 
about 64.62
Based on a normal probability distribution, the odds of Durango Resources to move above the current price in 90 days from now is about 64.62 (This Durango Resources probability density function shows the probability of Durango OTC Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Durango Resources has a beta of 0.12. This suggests as returns on the market go up, Durango Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Durango Resources will be expected to be much smaller as well. Additionally The company has an alpha of 0.0727, implying that it can generate a 0.0727 percent excess return over DOW after adjusting for the inherited market risk (beta).
   Durango Resources Price Density   
       Price  

Predictive Modules for Durango 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 Durango Resources. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Durango 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. Please use the tools below to analyze the current value of Durango Resources in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.000.0410.02
Details
Intrinsic
Valuation
LowReal ValueHigh
0.000.03593110.02
Details
Naive
Forecast
LowNext ValueHigh
0.0007940.03972210.02
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.0326970.040980.049263
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Durango Resources. Your research has to be compared to or analyzed against Durango Resources' peers to derive any actionable benefits. When done correctly, Durango Resources' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Durango Resources.

Durango Resources Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Durango Resources is not an exception. The market had few large corrections towards the Durango 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 Durango Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Durango Resources within the framework of very fundamental risk indicators.
α
Alpha over DOW
0.07
β
Beta against DOW0.12
σ
Overall volatility
0.007734
Ir
Information ratio 0.005095

Durango 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 Durango Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Durango 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.
Durango Resources generated a negative expected return over the last 90 days
Durango Resources has high historical volatility and very poor performance
Durango Resources has some characteristics of a very speculative penny stock
Durango Resources has high likelihood to experience some financial distress in the next 2 years
Latest headline from news.google.com: Argonaut Gold Announces Third Quarter 2022 Financial Results - Production of 45,9 Gold Equivalent Ounces and Cash Flow1 of 13.6 Million - Marketscreener.com

Durango 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 Durango OTC Stock often depends not only on the future outlook of the current and potential Durango 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. Durango Resources' indicators that are reflective of the short sentiment are summarized in the table below.
Float Shares77.24M
Average Daily Volume Last 10 Day40.89k
Average Daily Volume In Three Month75.89k

Durango Resources Technical Analysis

Durango Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Durango OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Durango Resources. In general, you should focus on analyzing Durango OTC Stock price patterns and their correlations with different microeconomic environments and drivers.

Durango Resources Predictive Forecast Models

Durango Resources time-series forecasting models is one of many Durango Resources' otc stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These non-stationary Durango 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 otc stock market movement and maximize returns from investment trading.

Things to note about Durango Resources

Checking the ongoing alerts about Durango Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Durango Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Durango Resources generated a negative expected return over the last 90 days
Durango Resources has high historical volatility and very poor performance
Durango Resources has some characteristics of a very speculative penny stock
Durango Resources has high likelihood to experience some financial distress in the next 2 years
Latest headline from news.google.com: Argonaut Gold Announces Third Quarter 2022 Financial Results - Production of 45,9 Gold Equivalent Ounces and Cash Flow1 of 13.6 Million - Marketscreener.com

Complementary Tools for analysis

When running Durango Resources price analysis, check to measure Durango 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 Durango Resources is operating at the current time. Most of Durango Resources' value examination focuses on studying past and present price action to predict the probability of Durango Resources' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Durango Resources' price. Additionally, you may evaluate how the addition of Durango Resources to your portfolios can decrease your overall portfolio volatility.
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Please note, there is a significant difference between Durango Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine Durango Resources value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Durango Resources' 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.