Turnium Technology Group Stock Probability of Future Stock Price Finishing Over 0.045
| TTGI Stock | 0.04 0.01 10.00% |
Turnium |
Turnium Technology Target Price Odds to finish over 0.045
The tendency of Turnium 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 above the current price in 90 days |
| 0.04 | 90 days | 0.04 | under 95 |
Based on a normal probability distribution, the odds of Turnium Technology to move above the current price in 90 days from now is under 95 (This Turnium Technology Group probability density function shows the probability of Turnium Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Turnium Technology Group has a beta of -0.44. This usually implies as returns on the benchmark increase, returns on holding Turnium Technology are expected to decrease at a much lower rate. During a bear market, however, Turnium Technology Group is likely to outperform the market. Additionally Turnium Technology Group 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. Turnium Technology Price Density |
| Price |
Predictive Modules for Turnium Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Turnium Technology. 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.Turnium Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Turnium Technology is not an exception. The market had few large corrections towards the Turnium Technology'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 Turnium Technology Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Turnium Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.63 | |
β | Beta against Dow Jones | -0.44 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.1 |
Turnium Technology 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 Turnium Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Turnium Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Turnium Technology generated a negative expected return over the last 90 days | |
| Turnium Technology has high historical volatility and very poor performance | |
| Turnium Technology has some characteristics of a very speculative penny stock | |
| Turnium Technology has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 5.21 M. Net Loss for the year was (4.01 M) with profit before overhead, payroll, taxes, and interest of 3.7 M. | |
| Turnium Technology generates negative cash flow from operations | |
| About 23.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Closing Bell Turnium Technology Group Inc Up On Monday - Barchart |
Turnium Technology 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 Turnium Stock often depends not only on the future outlook of the current and potential Turnium Technology'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. Turnium Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 104.6 M |
Turnium Technology Technical Analysis
Turnium Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Turnium Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Turnium Technology Group. In general, you should focus on analyzing Turnium Stock price patterns and their correlations with different microeconomic environments and drivers.
Turnium Technology Predictive Forecast Models
Turnium Technology's time-series forecasting models is one of many Turnium Technology'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 Turnium Technology'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 Turnium Technology
Checking the ongoing alerts about Turnium Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Turnium Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Turnium Technology generated a negative expected return over the last 90 days | |
| Turnium Technology has high historical volatility and very poor performance | |
| Turnium Technology has some characteristics of a very speculative penny stock | |
| Turnium Technology has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 5.21 M. Net Loss for the year was (4.01 M) with profit before overhead, payroll, taxes, and interest of 3.7 M. | |
| Turnium Technology generates negative cash flow from operations | |
| About 23.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Closing Bell Turnium Technology Group Inc Up On Monday - Barchart |
Additional Tools for Turnium Stock Analysis
When running Turnium Technology's price analysis, check to measure Turnium Technology'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 Turnium Technology is operating at the current time. Most of Turnium Technology's value examination focuses on studying past and present price action to predict the probability of Turnium Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turnium Technology's price. Additionally, you may evaluate how the addition of Turnium Technology to your portfolios can decrease your overall portfolio volatility.