Torque Metals (Australia) Probability of Future Stock Price Finishing Over 0.05
| TOR Stock | 0.05 0 3.77% |
Torque |
Torque Metals Target Price Odds to finish over 0.05
The tendency of Torque 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 0.05 in 90 days |
| 0.05 | 90 days | 0.05 | about 82.94 |
Based on a normal probability distribution, the odds of Torque Metals to stay above 0.05 in 90 days from now is about 82.94 (This Torque Metals probability density function shows the probability of Torque Stock to fall within a particular range of prices over 90 days) . Probability of Torque Metals price to stay between 0.05 and its current price of 0.051 at the end of the 90-day period is roughly 2.12 .
Assuming the 90 days trading horizon Torque Metals has a beta of 0.23. This usually implies as returns on the market go up, Torque Metals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Torque Metals will be expected to be much smaller as well. Additionally Torque 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. Torque Metals Price Density |
| Price |
Predictive Modules for Torque 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 Torque 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.Torque Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Torque Metals is not an exception. The market had few large corrections towards the Torque 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 Torque Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Torque Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.49 | |
β | Beta against Dow Jones | 0.23 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.11 |
Torque 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 Torque Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Torque 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.| Torque Metals generated a negative expected return over the last 90 days | |
| Torque Metals has some characteristics of a very speculative penny stock | |
| Torque Metals has high historical volatility and very poor performance | |
| Torque Metals has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 196.57 K. Net Loss for the year was (4.68 M) with profit before overhead, payroll, taxes, and interest of 207.09 K. | |
| Torque Metals has accumulated about 3.44 M in cash with (1.97 M) of positive cash flow from operations. | |
| Roughly 23.0% of the company outstanding shares are owned by corporate insiders |
Torque 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 Torque Stock often depends not only on the future outlook of the current and potential Torque 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. Torque Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 137.7 M | |
| Cash And Short Term Investments | 2.3 M |
Torque Metals Technical Analysis
Torque Metals' future price can be derived by breaking down and analyzing its technical indicators over time. Torque Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Torque Metals. In general, you should focus on analyzing Torque Stock price patterns and their correlations with different microeconomic environments and drivers.
Torque Metals Predictive Forecast Models
Torque Metals' time-series forecasting models is one of many Torque 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 Torque 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 Torque Metals
Checking the ongoing alerts about Torque Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Torque Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Torque Metals generated a negative expected return over the last 90 days | |
| Torque Metals has some characteristics of a very speculative penny stock | |
| Torque Metals has high historical volatility and very poor performance | |
| Torque Metals has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 196.57 K. Net Loss for the year was (4.68 M) with profit before overhead, payroll, taxes, and interest of 207.09 K. | |
| Torque Metals has accumulated about 3.44 M in cash with (1.97 M) of positive cash flow from operations. | |
| Roughly 23.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Torque Stock Analysis
When running Torque Metals' price analysis, check to measure Torque 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 Torque Metals is operating at the current time. Most of Torque Metals' value examination focuses on studying past and present price action to predict the probability of Torque Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Torque Metals' price. Additionally, you may evaluate how the addition of Torque Metals to your portfolios can decrease your overall portfolio volatility.