Trigon Metals Stock Probability of Future Stock Price Finishing Under 5.13
| TM Stock | CAD 0.60 0.02 3.23% |
Trigon |
Trigon Metals Target Price Odds to finish below 5.13
The tendency of Trigon 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 under C$ 5.13 after 90 days |
| 0.60 | 90 days | 5.13 | close to 99 |
Based on a normal probability distribution, the odds of Trigon Metals to stay under C$ 5.13 after 90 days from now is close to 99 (This Trigon Metals probability density function shows the probability of Trigon Stock to fall within a particular range of prices over 90 days) . Probability of Trigon Metals price to stay between its current price of C$ 0.60 and C$ 5.13 at the end of the 90-day period is about 98.0 .
Given the investment horizon of 90 days Trigon Metals has a beta of 0.63. This usually implies as returns on the market go up, Trigon Metals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Trigon Metals will be expected to be much smaller as well. Additionally Trigon Metals has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Trigon Metals Price Density |
| Price |
Predictive Modules for Trigon 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 Trigon 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.Trigon Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Trigon Metals is not an exception. The market had few large corrections towards the Trigon 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 Trigon Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Trigon Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.63 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | -0.02 |
Trigon 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 Trigon Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Trigon 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.| Trigon Metals had very high historical volatility over the last 90 days | |
| Trigon Metals has some characteristics of a very speculative penny stock | |
| Trigon Metals has high likelihood to experience some financial distress in the next 2 years | |
| Trigon Metals currently holds 6.94 M in liabilities. Trigon Metals has a current ratio of 0.36, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Trigon Metals until it has trouble settling it off, either with new capital or with free cash flow. So, Trigon Metals' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Trigon Metals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Trigon to invest in growth at high rates of return. When we think about Trigon Metals' use of debt, we should always consider it together with cash and equity. | |
| Trigon Metals currently holds about 565.69 K in cash with (5.5 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 16.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Its Down 33 percent But Trigon Metals Inc. Could Be Riskier Than It Looks - Simply Wall St |
Trigon 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 Trigon Stock often depends not only on the future outlook of the current and potential Trigon 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. Trigon Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 38.9 M | |
| Cash And Short Term Investments | 1.9 M |
Trigon Metals Technical Analysis
Trigon Metals' future price can be derived by breaking down and analyzing its technical indicators over time. Trigon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Trigon Metals. In general, you should focus on analyzing Trigon Stock price patterns and their correlations with different microeconomic environments and drivers.
Trigon Metals Predictive Forecast Models
Trigon Metals' time-series forecasting models is one of many Trigon 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 Trigon 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 Trigon Metals
Checking the ongoing alerts about Trigon Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Trigon Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Trigon Metals had very high historical volatility over the last 90 days | |
| Trigon Metals has some characteristics of a very speculative penny stock | |
| Trigon Metals has high likelihood to experience some financial distress in the next 2 years | |
| Trigon Metals currently holds 6.94 M in liabilities. Trigon Metals has a current ratio of 0.36, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Trigon Metals until it has trouble settling it off, either with new capital or with free cash flow. So, Trigon Metals' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Trigon Metals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Trigon to invest in growth at high rates of return. When we think about Trigon Metals' use of debt, we should always consider it together with cash and equity. | |
| Trigon Metals currently holds about 565.69 K in cash with (5.5 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 16.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Its Down 33 percent But Trigon Metals Inc. Could Be Riskier Than It Looks - Simply Wall St |
Additional Tools for Trigon Stock Analysis
When running Trigon Metals' price analysis, check to measure Trigon 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 Trigon Metals is operating at the current time. Most of Trigon Metals' value examination focuses on studying past and present price action to predict the probability of Trigon Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trigon Metals' price. Additionally, you may evaluate how the addition of Trigon Metals to your portfolios can decrease your overall portfolio volatility.