Tonogold Resources Stock Probability of Future Pink Sheet Price Finishing Under 0.000099
| TNGL Stock | USD 0.01 0 21.43% |
Tonogold |
Tonogold Resources Target Price Odds to finish below 0.000099
The tendency of Tonogold Pink Sheet 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 drop to $ 0.000099 or more in 90 days |
| 0.01 | 90 days | 0.000099 | near 1 |
Based on a normal probability distribution, the odds of Tonogold Resources to drop to $ 0.000099 or more in 90 days from now is near 1 (This Tonogold Resources probability density function shows the probability of Tonogold Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Tonogold Resources price to stay between $ 0.000099 and its current price of $0.0099 at the end of the 90-day period is about 5.63 .
Given the investment horizon of 90 days Tonogold Resources has a beta of -1.28. This usually implies as returns on its benchmark rise, returns on holding Tonogold Resources are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Tonogold Resources is expected to outperform its benchmark. Additionally Tonogold Resources has an alpha of 0.0803, implying that it can generate a 0.0803 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Tonogold Resources Price Density |
| Price |
Predictive Modules for Tonogold 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 Tonogold Resources. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Tonogold Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tonogold Resources is not an exception. The market had few large corrections towards the Tonogold 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 Tonogold Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tonogold Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | -1.28 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0 |
Tonogold 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 Tonogold Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tonogold 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.| Tonogold Resources is way too risky over 90 days horizon | |
| Tonogold Resources has some characteristics of a very speculative penny stock | |
| Tonogold Resources appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (4.82 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Tonogold Resources currently holds about 4.4 K in cash with (47.77 K) of positive cash flow from operations. | |
| Latest headline from zacks.com: Gold Fields Stock Slides as Market Rises Facts to Know Before You Trade |
Tonogold 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 Tonogold Pink Sheet often depends not only on the future outlook of the current and potential Tonogold 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. Tonogold Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Shares Float | 235.3 M |
Tonogold Resources Technical Analysis
Tonogold Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Tonogold Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tonogold Resources. In general, you should focus on analyzing Tonogold Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Tonogold Resources Predictive Forecast Models
Tonogold Resources' time-series forecasting models is one of many Tonogold Resources' pink sheet 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 Tonogold 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Tonogold Resources
Checking the ongoing alerts about Tonogold Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tonogold Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tonogold Resources is way too risky over 90 days horizon | |
| Tonogold Resources has some characteristics of a very speculative penny stock | |
| Tonogold Resources appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (4.82 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Tonogold Resources currently holds about 4.4 K in cash with (47.77 K) of positive cash flow from operations. | |
| Latest headline from zacks.com: Gold Fields Stock Slides as Market Rises Facts to Know Before You Trade |
Other Information on Investing in Tonogold Pink Sheet
Tonogold Resources financial ratios help investors to determine whether Tonogold Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tonogold with respect to the benefits of owning Tonogold Resources security.