Tinka Resources Limited Stock Probability of Future Stock Price Finishing Over 0.0903
| TK Stock | CAD 0.1 0.01 5.00% |
Tinka |
Tinka Resources Target Price Odds to finish over 0.0903
The tendency of Tinka 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$ 0.09 in 90 days |
| 0.1 | 90 days | 0.09 | close to 99 |
Based on a normal probability distribution, the odds of Tinka Resources to stay above C$ 0.09 in 90 days from now is close to 99 (This Tinka Resources Limited probability density function shows the probability of Tinka Stock to fall within a particular range of prices over 90 days) . Probability of Tinka Resources price to stay between C$ 0.09 and its current price of C$0.095 at the end of the 90-day period is about 1.1 .
Given the investment horizon of 90 days Tinka Resources Limited has a beta of -0.35. This usually implies as returns on the benchmark increase, returns on holding Tinka Resources are expected to decrease at a much lower rate. During a bear market, however, Tinka Resources Limited is likely to outperform the market. Additionally Tinka Resources Limited 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. Tinka Resources Price Density |
| Price |
Predictive Modules for Tinka Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tinka Resources. 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.Tinka Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tinka Resources is not an exception. The market had few large corrections towards the Tinka Resources' 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 Tinka Resources Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tinka Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.23 | |
β | Beta against Dow Jones | -0.35 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.09 |
Tinka Resources 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 Tinka Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tinka Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tinka Resources generated a negative expected return over the last 90 days | |
| Tinka Resources has some characteristics of a very speculative penny stock | |
| Tinka Resources has high historical volatility and very poor performance | |
| Net Loss for the year was (1.46 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Tinka Resources Limited currently holds about 11.05 M in cash with (1.28 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Roughly 39.0% of the company outstanding shares are owned by corporate insiders |
Tinka Resources 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 Tinka Stock often depends not only on the future outlook of the current and potential Tinka Resources' 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. Tinka Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 391.3 M | |
| Cash And Short Term Investments | 7.5 M |
Tinka Resources Technical Analysis
Tinka Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Tinka Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tinka Resources Limited. In general, you should focus on analyzing Tinka Stock price patterns and their correlations with different microeconomic environments and drivers.
Tinka Resources Predictive Forecast Models
Tinka Resources' time-series forecasting models is one of many Tinka Resources' 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 Tinka Resources' 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 Tinka Resources
Checking the ongoing alerts about Tinka Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tinka Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tinka Resources generated a negative expected return over the last 90 days | |
| Tinka Resources has some characteristics of a very speculative penny stock | |
| Tinka Resources has high historical volatility and very poor performance | |
| Net Loss for the year was (1.46 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Tinka Resources Limited currently holds about 11.05 M in cash with (1.28 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Roughly 39.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Tinka Stock Analysis
When running Tinka Resources' price analysis, check to measure Tinka Resources' 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 Tinka Resources is operating at the current time. Most of Tinka Resources' value examination focuses on studying past and present price action to predict the probability of Tinka Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tinka Resources' price. Additionally, you may evaluate how the addition of Tinka Resources to your portfolios can decrease your overall portfolio volatility.