Tungsten Mining (Australia) Probability of Future Stock Price Finishing Under 0.077
| TGN Stock | 0.08 0 1.33% |
Tungsten |
Tungsten Mining Target Price Odds to finish below 0.077
The tendency of Tungsten 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 under 0.08 after 90 days |
| 0.08 | 90 days | 0.08 | over 95.65 |
Based on a normal probability distribution, the odds of Tungsten Mining to stay under 0.08 after 90 days from now is over 95.65 (This Tungsten Mining NL probability density function shows the probability of Tungsten Stock to fall within a particular range of prices over 90 days) . Probability of Tungsten Mining NL price to stay between its current price of 0.08 and 0.08 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Tungsten Mining has a beta of 0.19. This usually implies as returns on the market go up, Tungsten Mining average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Tungsten Mining NL will be expected to be much smaller as well. Additionally Tungsten Mining NL has an alpha of 0.7955, implying that it can generate a 0.8 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Tungsten Mining Price Density |
| Price |
Predictive Modules for Tungsten Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tungsten Mining NL. 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.Tungsten Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tungsten Mining is not an exception. The market had few large corrections towards the Tungsten Mining'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 Tungsten Mining NL, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tungsten Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.80 | |
β | Beta against Dow Jones | 0.19 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.11 |
Tungsten Mining 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 Tungsten Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tungsten Mining NL can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tungsten Mining NL is way too risky over 90 days horizon | |
| Tungsten Mining NL has some characteristics of a very speculative penny stock | |
| Tungsten Mining NL appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 4.23 K. Net Loss for the year was (5.11 M) with profit before overhead, payroll, taxes, and interest of 20.79 K. | |
| Tungsten Mining NL has accumulated about 11.1 M in cash with (4.02 M) of positive cash flow from operations. | |
| Roughly 29.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Tungsten Mining to acquire Mt Mulgine assets - Mining.com.au |
Tungsten Mining 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 Tungsten Stock often depends not only on the future outlook of the current and potential Tungsten Mining'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. Tungsten Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 786.4 M | |
| Cash And Short Term Investments | 8.3 M |
Tungsten Mining Technical Analysis
Tungsten Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Tungsten Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tungsten Mining NL. In general, you should focus on analyzing Tungsten Stock price patterns and their correlations with different microeconomic environments and drivers.
Tungsten Mining Predictive Forecast Models
Tungsten Mining's time-series forecasting models is one of many Tungsten Mining'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 Tungsten Mining'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 Tungsten Mining NL
Checking the ongoing alerts about Tungsten Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tungsten Mining NL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tungsten Mining NL is way too risky over 90 days horizon | |
| Tungsten Mining NL has some characteristics of a very speculative penny stock | |
| Tungsten Mining NL appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 4.23 K. Net Loss for the year was (5.11 M) with profit before overhead, payroll, taxes, and interest of 20.79 K. | |
| Tungsten Mining NL has accumulated about 11.1 M in cash with (4.02 M) of positive cash flow from operations. | |
| Roughly 29.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Tungsten Mining to acquire Mt Mulgine assets - Mining.com.au |
Additional Tools for Tungsten Stock Analysis
When running Tungsten Mining's price analysis, check to measure Tungsten Mining'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 Tungsten Mining is operating at the current time. Most of Tungsten Mining's value examination focuses on studying past and present price action to predict the probability of Tungsten Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tungsten Mining's price. Additionally, you may evaluate how the addition of Tungsten Mining to your portfolios can decrease your overall portfolio volatility.