Thorney Technologies (Australia) Probability of Future Stock Price Finishing Over 0.14
| TEK Stock | 0.14 0.01 6.67% |
Thorney |
Thorney Technologies Target Price Odds to finish over 0.14
The tendency of Thorney 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 |
| 0.14 | 90 days | 0.14 | about 50.0 |
Based on a normal probability distribution, the odds of Thorney Technologies to move above the current price in 90 days from now is about 50.0 (This Thorney Technologies probability density function shows the probability of Thorney Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Thorney Technologies has a beta of 0.0536. This usually implies as returns on the market go up, Thorney Technologies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Thorney Technologies will be expected to be much smaller as well. Additionally Thorney Technologies has an alpha of 0.1612, implying that it can generate a 0.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Thorney Technologies Price Density |
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Predictive Modules for Thorney Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thorney Technologies. 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.Thorney Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Thorney Technologies is not an exception. The market had few large corrections towards the Thorney Technologies' 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 Thorney Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Thorney Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.16 | |
β | Beta against Dow Jones | 0.05 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.01 |
Thorney Technologies 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 Thorney Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Thorney Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Thorney Technologies has some characteristics of a very speculative penny stock | |
| Thorney Technologies had very high historical volatility over the last 90 days | |
| Net Loss for the year was (21.72 M) with loss before overhead, payroll, taxes, and interest of (22.55 M). | |
| Thorney Technologies generates negative cash flow from operations | |
| About 26.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Thorney Technologies Ups Stake in Anatara Lifesciences - TipRanks |
Thorney Technologies 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 Thorney Stock often depends not only on the future outlook of the current and potential Thorney Technologies' 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. Thorney Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 408.1 M | |
| Cash And Short Term Investments | 68.8 M |
Thorney Technologies Technical Analysis
Thorney Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Thorney Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Thorney Technologies. In general, you should focus on analyzing Thorney Stock price patterns and their correlations with different microeconomic environments and drivers.
Thorney Technologies Predictive Forecast Models
Thorney Technologies' time-series forecasting models is one of many Thorney Technologies' 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 Thorney Technologies' 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 Thorney Technologies
Checking the ongoing alerts about Thorney Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Thorney Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Thorney Technologies has some characteristics of a very speculative penny stock | |
| Thorney Technologies had very high historical volatility over the last 90 days | |
| Net Loss for the year was (21.72 M) with loss before overhead, payroll, taxes, and interest of (22.55 M). | |
| Thorney Technologies generates negative cash flow from operations | |
| About 26.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Thorney Technologies Ups Stake in Anatara Lifesciences - TipRanks |
Additional Tools for Thorney Stock Analysis
When running Thorney Technologies' price analysis, check to measure Thorney Technologies' 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 Thorney Technologies is operating at the current time. Most of Thorney Technologies' value examination focuses on studying past and present price action to predict the probability of Thorney Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thorney Technologies' price. Additionally, you may evaluate how the addition of Thorney Technologies to your portfolios can decrease your overall portfolio volatility.