Thor Explorations (UK) Probability of Future Stock Price Finishing Over 30.78
| THX Stock | 40.25 1.00 2.42% |
Thor |
Thor Explorations Target Price Odds to finish over 30.78
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 stay above 30.78 in 90 days |
| 40.25 | 90 days | 30.78 | under 95 |
Based on a normal probability distribution, the odds of Thor Explorations to stay above 30.78 in 90 days from now is under 95 (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 30.78 and its current price of 40.25 at the end of the 90-day period is about 71.4 .
Assuming the 90 days trading horizon Thor Explorations has a beta of -0.83. 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 0.4728, implying that it can generate a 0.47 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 | 0.47 | |
β | Beta against Dow Jones | -0.83 | |
σ | Overall volatility | 4.04 | |
Ir | Information ratio | 0.08 |
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 | 659.2 M | |
| Cash And Short Term Investments | 12 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Thor Explorations in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Thor Explorations' short interest history, or implied volatility extrapolated from Thor Explorations options trading.
Other Information on Investing in Thor Stock
Thor Explorations financial ratios help investors to determine whether Thor Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Thor with respect to the benefits of owning Thor Explorations security.