Thor Explorations Stock Forward View - Simple Exponential Smoothing
| THX Stock | 85.00 2.50 3.03% |
Thor Stock outlook is based on your current time horizon. Investors can use this forecasting interface to forecast Thor Explorations stock prices and determine the direction of Thor Explorations's future trends based on various well-known forecasting models. We suggest always using this module together with an analysis of Thor Explorations' historical fundamentals, such as revenue growth or operating cash flow patterns.
The relative strength momentum indicator of Thor Explorations' stock price is about 68. This usually implies that the stock is rather overbought by investors at the present time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Thor, making its price go up or down. Momentum 68
Buy Stretched
Oversold | Overbought |
Quarterly Earnings Growth 1.429 | EPS Estimate Current Year 0.249 | EPS Estimate Next Year 0.1859 | Wall Street Target Price 121 | Quarterly Revenue Growth 0.737 |
Using Thor Explorations hype-based prediction, you can estimate the value of Thor Explorations from the perspective of Thor Explorations response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Thor Explorations on the next trading day is expected to be 85.00 with a mean absolute deviation of 2.13 and the sum of the absolute errors of 127.59. Thor Explorations after-hype prediction price | GBX 84.06 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Thor |
Thor Explorations Additional Predictive Modules
Most predictive techniques to examine Thor price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Thor using various technical indicators. When you analyze Thor charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Thor Explorations Simple Exponential Smoothing Price Forecast For the 19th of February
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Thor Explorations on the next trading day is expected to be 85.00 with a mean absolute deviation of 2.13, mean absolute percentage error of 7.97, and the sum of the absolute errors of 127.59.Please note that although there have been many attempts to predict Thor Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Thor Explorations' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Thor Explorations Stock Forecast Pattern
| Backtest Thor Explorations | Thor Explorations Price Prediction | Research Analysis |
Thor Explorations Forecasted Value
In the context of forecasting Thor Explorations' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Thor Explorations' downside and upside margins for the forecasting period are 81.53 and 88.47, respectively. We have considered Thor Explorations' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Thor Explorations stock data series using in forecasting. Note that when a statistical model is used to represent Thor Explorations stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 118.348 |
| Bias | Arithmetic mean of the errors | -0.4345 |
| MAD | Mean absolute deviation | 2.1265 |
| MAPE | Mean absolute percentage error | 0.027 |
| SAE | Sum of the absolute errors | 127.59 |
Predictive Modules for Thor Explorations
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thor Explorations. 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.Thor Explorations After-Hype Price Density Analysis
As far as predicting the price of Thor Explorations at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Thor Explorations or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Thor Explorations, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Thor Explorations Estimiated After-Hype Price Volatility
In the context of predicting Thor Explorations' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Thor Explorations' historical news coverage. Thor Explorations' after-hype downside and upside margins for the prediction period are 80.58 and 87.54, respectively. We have considered Thor Explorations' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Thor Explorations is very steady at this time. Analysis and calculation of next after-hype price of Thor Explorations is based on 3 months time horizon.
Thor Explorations Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Thor Explorations is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Thor Explorations backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Thor Explorations, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.57 | 3.47 | 0.56 | 1.50 | 4 Events / Month | 1 Events / Month | In about 4 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
85.00 | 84.06 | 1.89 |
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Thor Explorations Hype Timeline
Thor Explorations is at this time traded for 85.00on London Exchange of UK. The entity has historical hype elasticity of -0.56, and average elasticity to hype of competition of -1.5. Thor is forecasted to increase in value after the next headline, with the price projected to jump to 84.06 or above. The average volatility of media hype impact on the company the price is over 100%. The price growth on the next news is projected to be 1.89%, whereas the daily expected return is at this time at 0.57%. The volatility of related hype on Thor Explorations is about 131.44%, with the expected price after the next announcement by competition of 83.50. The company reported the revenue of 193.13 M. Net Income was 91.17 M with profit before overhead, payroll, taxes, and interest of 179.95 M. Assuming the 90 days trading horizon the next forecasted press release will be in about 4 days. Check out Historical Fundamental Analysis of Thor Explorations to cross-verify your projections.Thor Explorations Related Hype Analysis
Having access to credible news sources related to Thor Explorations' direct competition is more important than ever and may enhance your ability to predict Thor Explorations' future price movements. Getting to know how Thor Explorations' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Thor Explorations may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| 0HTG | Cardinal Health | (0.18) | 8 per month | 1.41 | 0.05 | 2.13 | (2.30) | 10.72 | |
| OPT | Optima Health plc | 0.00 | 4 per month | 0.00 | (0.05) | 2.25 | (3.45) | 8.86 | |
| 0J1R | HCA Healthcare | (16.07) | 6 per month | 1.47 | 0.07 | 2.82 | (2.56) | 10.82 | |
| EAH | Eco Animal Health | (1.50) | 5 per month | 1.73 | 0.11 | 5.77 | (4.35) | 11.74 | |
| 0R0O | UnitedHealth Group Incorporated | (2.53) | 5 per month | 0.00 | (0.07) | 3.81 | (2.82) | 23.77 | |
| SPI | Spire Healthcare Group | 1.00 | 7 per month | 0.00 | (0.05) | 2.23 | (2.48) | 20.23 | |
| 0W1Q | MPH Health Care | 0.80 | 2 per month | 2.37 | 0.09 | 5.40 | (3.36) | 19.45 |
Other Forecasting Options for Thor Explorations
For every potential investor in Thor, whether a beginner or expert, Thor Explorations' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Thor Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Thor. Basic forecasting techniques help filter out the noise by identifying Thor Explorations' price trends.Thor Explorations Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Thor Explorations stock to make a market-neutral strategy. Peer analysis of Thor Explorations could also be used in its relative valuation, which is a method of valuing Thor Explorations by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Thor Explorations Market Strength Events
Market strength indicators help investors to evaluate how Thor Explorations stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thor Explorations shares will generate the highest return on investment. By undertsting and applying Thor Explorations stock market strength indicators, traders can identify Thor Explorations entry and exit signals to maximize returns.
Thor Explorations Risk Indicators
The analysis of Thor Explorations' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Thor Explorations' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thor stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.75 | |||
| Semi Deviation | 2.96 | |||
| Standard Deviation | 3.47 | |||
| Variance | 12.01 | |||
| Downside Variance | 12.73 | |||
| Semi Variance | 8.79 | |||
| Expected Short fall | (3.21) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Thor Explorations
The number of cover stories for Thor Explorations depends on current market conditions and Thor Explorations' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Thor Explorations is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Thor Explorations' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Thor Explorations Short Properties
Thor Explorations' future price predictability will typically decrease when Thor Explorations' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Thor Explorations often depends not only on the future outlook of the potential Thor Explorations' 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. Thor Explorations' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 659.2 M | |
| Cash And Short Term Investments | 12 M |
Other Information on Investing in Thor Stock
Thor Explorations financial ratios help investors to determine whether Thor Stock 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 Thor with respect to the benefits of owning Thor Explorations security.