Tag Oil Stock Odds of Future Stock Price Finishing Over 0.17
| TAO Stock | CAD 0.17 0.01 6.25% |
TAG |
TAG Oil Target Price Odds to finish over 0.17
The tendency of TAG 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 move above the current price in 90 days |
| 0.17 | 90 days | 0.17 | about 80.36 |
Based on a normal probability distribution, the odds of TAG Oil to move above the current price in 90 days from now is about 80.36 (This TAG Oil probability density function shows the probability of TAG Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon the stock has the beta coefficient of 1.79 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, TAG Oil will likely underperform. Additionally TAG Oil 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. TAG Oil Price Density |
| Price |
Predictive Modules for TAG Oil
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TAG Oil. 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.TAG Oil Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. TAG Oil is not an exception. The market had few large corrections towards the TAG Oil's 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 TAG Oil, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of TAG Oil within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.1 | |
β | Beta against Dow Jones | 1.79 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | -0.17 |
TAG Oil 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 TAG Oil for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for TAG Oil can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| TAG Oil generated a negative expected return over the last 90 days | |
| TAG Oil has high historical volatility and very poor performance | |
| TAG Oil has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (3 M) with loss before overhead, payroll, taxes, and interest of (98 K). | |
| TAG Oil has accumulated about 15.62 M in cash with (5.46 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.17. | |
| Roughly 25.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: TAG Oil Files Final Short Form Prospectus and Announces Management Participation in the Public Offering - Barchart |
TAG Oil 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 TAG Stock often depends not only on the future outlook of the current and potential TAG Oil's 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. TAG Oil's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 155.7 M |
TAG Oil Technical Analysis
TAG Oil's future price can be derived by breaking down and analyzing its technical indicators over time. TAG Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of TAG Oil. In general, you should focus on analyzing TAG Stock price patterns and their correlations with different microeconomic environments and drivers.
TAG Oil Predictive Forecast Models
TAG Oil's time-series forecasting models is one of many TAG Oil's 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 TAG Oil's 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 TAG Oil
Checking the ongoing alerts about TAG Oil for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for TAG Oil help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| TAG Oil generated a negative expected return over the last 90 days | |
| TAG Oil has high historical volatility and very poor performance | |
| TAG Oil has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (3 M) with loss before overhead, payroll, taxes, and interest of (98 K). | |
| TAG Oil has accumulated about 15.62 M in cash with (5.46 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.17. | |
| Roughly 25.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: TAG Oil Files Final Short Form Prospectus and Announces Management Participation in the Public Offering - Barchart |
Additional Tools for TAG Stock Analysis
When running TAG Oil's price analysis, check to measure TAG Oil's 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 TAG Oil is operating at the current time. Most of TAG Oil's value examination focuses on studying past and present price action to predict the probability of TAG Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TAG Oil's price. Additionally, you may evaluate how the addition of TAG Oil to your portfolios can decrease your overall portfolio volatility.