Tgs Asa Stock Odds of Future OTC Stock Price Finishing Under 4.33
| TGSNF Stock | USD 9.60 0.00 0.00% |
TGS |
TGS ASA Target Price Odds to finish below 4.33
The tendency of TGS OTC 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 drop to $ 4.33 or more in 90 days |
| 9.60 | 90 days | 4.33 | near 1 |
Based on a normal probability distribution, the odds of TGS ASA to drop to $ 4.33 or more in 90 days from now is near 1 (This TGS ASA probability density function shows the probability of TGS OTC Stock to fall within a particular range of prices over 90 days) . Probability of TGS ASA price to stay between $ 4.33 and its current price of $9.6 at the end of the 90-day period is about 45.74 .
Assuming the 90 days horizon TGS ASA has a beta of -0.15. This usually implies as returns on the benchmark increase, returns on holding TGS ASA are expected to decrease at a much lower rate. During a bear market, however, TGS ASA is likely to outperform the market. Additionally TGS ASA 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. TGS ASA Price Density |
| Price |
Predictive Modules for TGS ASA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TGS ASA. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.TGS ASA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. TGS ASA is not an exception. The market had few large corrections towards the TGS ASA'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 TGS ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of TGS ASA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | -0.15 | |
σ | Overall volatility | 0.38 | |
Ir | Information ratio | -0.13 |
TGS ASA 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 TGS ASA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for TGS ASA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| TGS ASA generated a negative expected return over the last 90 days | |
| The company reported the revenue of 518.69 M. Net Loss for the year was (75.98 M) with profit before overhead, payroll, taxes, and interest of 679.11 M. | |
| About 69.0% of the company shares are owned by institutional investors |
TGS ASA 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 TGS OTC Stock often depends not only on the future outlook of the current and potential TGS ASA'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. TGS ASA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 116.1 M |
TGS ASA Technical Analysis
TGS ASA's future price can be derived by breaking down and analyzing its technical indicators over time. TGS OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of TGS ASA. In general, you should focus on analyzing TGS OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
TGS ASA Predictive Forecast Models
TGS ASA's time-series forecasting models is one of many TGS ASA's otc 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 TGS ASA'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 otc stock market movement and maximize returns from investment trading.
Things to note about TGS ASA
Checking the ongoing alerts about TGS ASA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for TGS ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| TGS ASA generated a negative expected return over the last 90 days | |
| The company reported the revenue of 518.69 M. Net Loss for the year was (75.98 M) with profit before overhead, payroll, taxes, and interest of 679.11 M. | |
| About 69.0% of the company shares are owned by institutional investors |
Other Information on Investing in TGS OTC Stock
TGS ASA financial ratios help investors to determine whether TGS OTC 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 TGS with respect to the benefits of owning TGS ASA security.