True North Gems Stock Probability of Future Stock Price Finishing Over 0.0483
| TGX Stock | CAD 0.05 0.02 28.57% |
True |
True North Target Price Odds to finish over 0.0483
The tendency of True 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 above C$ 0.05 in 90 days |
| 0.05 | 90 days | 0.05 | about 74.61 |
Based on a normal probability distribution, the odds of True North to stay above C$ 0.05 in 90 days from now is about 74.61 (This True North Gems probability density function shows the probability of True Stock to fall within a particular range of prices over 90 days) . Probability of True North Gems price to stay between C$ 0.05 and its current price of C$0.05 at the end of the 90-day period is roughly 2.48 .
Assuming the 90 days horizon True North Gems has a beta of -0.39. This usually implies as returns on the benchmark increase, returns on holding True North are expected to decrease at a much lower rate. During a bear market, however, True North Gems is likely to outperform the market. Moreover True North Gems has an alpha of 1.056, implying that it can generate a 1.06 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). True North Price Density |
| Price |
Predictive Modules for True North
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as True North Gems. 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.True North Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. True North is not an exception. The market had few large corrections towards the True North'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 True North Gems, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of True North within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.06 | |
β | Beta against Dow Jones | -0.39 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.05 |
True North 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 True North for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for True North Gems can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| True North Gems is way too risky over 90 days horizon | |
| True North Gems has some characteristics of a very speculative penny stock | |
| True North Gems appears to be risky and price may revert if volatility continues | |
| True North Gems has accumulated 6.8 M in total debt with debt to equity ratio (D/E) of 0.09, which may suggest the company is not taking enough advantage from borrowing. True North Gems has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist True North until it has trouble settling it off, either with new capital or with free cash flow. So, True North's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like True North Gems sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for True to invest in growth at high rates of return. When we think about True North's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (276.59 K) with profit before overhead, payroll, taxes, and interest of 28.5 K. |
True North 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 True Stock often depends not only on the future outlook of the current and potential True North'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. True North's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 31.6 M |
True North Technical Analysis
True North's future price can be derived by breaking down and analyzing its technical indicators over time. True Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of True North Gems. In general, you should focus on analyzing True Stock price patterns and their correlations with different microeconomic environments and drivers.
True North Predictive Forecast Models
True North's time-series forecasting models is one of many True North'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 True North'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 True North Gems
Checking the ongoing alerts about True North for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for True North Gems help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| True North Gems is way too risky over 90 days horizon | |
| True North Gems has some characteristics of a very speculative penny stock | |
| True North Gems appears to be risky and price may revert if volatility continues | |
| True North Gems has accumulated 6.8 M in total debt with debt to equity ratio (D/E) of 0.09, which may suggest the company is not taking enough advantage from borrowing. True North Gems has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist True North until it has trouble settling it off, either with new capital or with free cash flow. So, True North's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like True North Gems sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for True to invest in growth at high rates of return. When we think about True North's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (276.59 K) with profit before overhead, payroll, taxes, and interest of 28.5 K. |
Additional Tools for True Stock Analysis
When running True North's price analysis, check to measure True North'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 True North is operating at the current time. Most of True North's value examination focuses on studying past and present price action to predict the probability of True North's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move True North's price. Additionally, you may evaluate how the addition of True North to your portfolios can decrease your overall portfolio volatility.