Thor Explorations Stock Probability of Future Stock Price Finishing Over 0.31
| THX Stock | CAD 0.30 0.02 7.14% |
Thor |
Thor Explorations Target Price Odds to finish over 0.31
The tendency of Thor 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 over C$ 0.31 or more in 90 days |
| 0.30 | 90 days | 0.31 | about 33.32 |
Based on a normal probability distribution, the odds of Thor Explorations to move over C$ 0.31 or more in 90 days from now is about 33.32 (This Thor Explorations probability density function shows the probability of Thor Stock to fall within a particular range of prices over 90 days) . Probability of Thor Explorations price to stay between its current price of C$ 0.30 and C$ 0.31 at the end of the 90-day period is about 16.68 .
Assuming the 90 days horizon Thor Explorations has a beta of -0.43. This usually implies as returns on the benchmark increase, returns on holding Thor Explorations are expected to decrease at a much lower rate. During a bear market, however, Thor Explorations is likely to outperform the market. Additionally Thor Explorations has an alpha of 0.2165, implying that it can generate a 0.22 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Thor Explorations Price Density |
| Price |
Predictive Modules for Thor Explorations
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thor Explorations. 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.Thor Explorations Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Thor Explorations is not an exception. The market had few large corrections towards the Thor Explorations' 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 Thor Explorations, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Thor Explorations within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.22 | |
β | Beta against Dow Jones | -0.43 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.01 |
Thor Explorations 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 Thor Explorations for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Thor Explorations can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Thor Explorations has some characteristics of a very speculative penny stock | |
| Thor Explorations had very high historical volatility over the last 90 days | |
| Thor Explorations has accumulated 72.92 M in total debt. Thor Explorations has a current ratio of 0.32, 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 Thor Explorations until it has trouble settling it off, either with new capital or with free cash flow. So, Thor Explorations' 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 Thor Explorations sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Thor to invest in growth at high rates of return. When we think about Thor Explorations' use of debt, we should always consider it together with cash and equity. | |
| About 12.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Thor Explorations Announces Virtual AGM and Global Expansion - TipRanks |
Thor Explorations 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 Thor Stock often depends not only on the future outlook of the current and potential Thor Explorations' 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. Thor Explorations' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 655.2 M | |
| Cash And Short Term Investments | 10.3 M |
Thor Explorations Technical Analysis
Thor Explorations' future price can be derived by breaking down and analyzing its technical indicators over time. Thor Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Thor Explorations. In general, you should focus on analyzing Thor Stock price patterns and their correlations with different microeconomic environments and drivers.
Thor Explorations Predictive Forecast Models
Thor Explorations' time-series forecasting models is one of many Thor Explorations' 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 Thor Explorations' 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 Thor Explorations
Checking the ongoing alerts about Thor Explorations for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Thor Explorations help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Thor Explorations has some characteristics of a very speculative penny stock | |
| Thor Explorations had very high historical volatility over the last 90 days | |
| Thor Explorations has accumulated 72.92 M in total debt. Thor Explorations has a current ratio of 0.32, 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 Thor Explorations until it has trouble settling it off, either with new capital or with free cash flow. So, Thor Explorations' 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 Thor Explorations sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Thor to invest in growth at high rates of return. When we think about Thor Explorations' use of debt, we should always consider it together with cash and equity. | |
| About 12.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Thor Explorations Announces Virtual AGM and Global Expansion - TipRanks |
Additional Tools for Thor Stock Analysis
When running Thor Explorations' price analysis, check to measure Thor Explorations' 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 Thor Explorations is operating at the current time. Most of Thor Explorations' value examination focuses on studying past and present price action to predict the probability of Thor Explorations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thor Explorations' price. Additionally, you may evaluate how the addition of Thor Explorations to your portfolios can decrease your overall portfolio volatility.