Torq Resources Stock Probability of Future Stock Price Finishing Over 0.057
| TORQ Stock | CAD 0.06 0.01 14.29% |
Torq |
Torq Resources Target Price Odds to finish over 0.057
The tendency of Torq 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$ 0.06 in 90 days |
| 0.06 | 90 days | 0.06 | about 98.0 |
Based on a normal probability distribution, the odds of Torq Resources to stay above C$ 0.06 in 90 days from now is about 98.0 (This Torq Resources probability density function shows the probability of Torq Stock to fall within a particular range of prices over 90 days) . Probability of Torq Resources price to stay between C$ 0.06 and its current price of C$0.06 at the end of the 90-day period is about 1.88 .
Assuming the 90 days trading horizon Torq Resources has a beta of -1.21. This usually implies as returns on its benchmark rise, returns on holding Torq Resources are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Torq Resources is expected to outperform its benchmark. Additionally Torq Resources has an alpha of 0.2122, implying that it can generate a 0.21 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Torq Resources Price Density |
| Price |
Predictive Modules for Torq 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 Torq 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.Torq Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Torq Resources is not an exception. The market had few large corrections towards the Torq 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 Torq Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Torq Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.21 | |
β | Beta against Dow Jones | -1.21 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.0066 |
Torq 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 Torq Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Torq 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.| Torq Resources had very high historical volatility over the last 90 days | |
| Torq Resources has some characteristics of a very speculative penny stock | |
| Torq Resources has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (19.21 M) with loss before overhead, payroll, taxes, and interest of (256.53 K). | |
| Torq Resources has accumulated about 11.94 M in cash with (16.55 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.15, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 30.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Torq Resources Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 - Marketscreener.com |
Torq 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 Torq Stock often depends not only on the future outlook of the current and potential Torq 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. Torq Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 108.3 M | |
| Cash And Short Term Investments | 488 K |
Torq Resources Technical Analysis
Torq Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Torq Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Torq Resources. In general, you should focus on analyzing Torq Stock price patterns and their correlations with different microeconomic environments and drivers.
Torq Resources Predictive Forecast Models
Torq Resources' time-series forecasting models is one of many Torq 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 Torq 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 Torq Resources
Checking the ongoing alerts about Torq Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Torq Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Torq Resources had very high historical volatility over the last 90 days | |
| Torq Resources has some characteristics of a very speculative penny stock | |
| Torq Resources has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (19.21 M) with loss before overhead, payroll, taxes, and interest of (256.53 K). | |
| Torq Resources has accumulated about 11.94 M in cash with (16.55 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.15, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 30.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Torq Resources Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 - Marketscreener.com |
Additional Tools for Torq Stock Analysis
When running Torq Resources' price analysis, check to measure Torq 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 Torq Resources is operating at the current time. Most of Torq Resources' value examination focuses on studying past and present price action to predict the probability of Torq Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Torq Resources' price. Additionally, you may evaluate how the addition of Torq Resources to your portfolios can decrease your overall portfolio volatility.