Thor Financial Technologies Etf Probability of Future Etf Price Finishing Over 26.63
| THIR Etf | 26.63 0.03 0.11% |
THOR |
THOR Financial Target Price Odds to finish over 26.63
The tendency of THOR Etf 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 |
| 26.63 | 90 days | 26.63 | about 33.97 |
Based on a normal probability distribution, the odds of THOR Financial to move above the current price in 90 days from now is about 33.97 (This THOR Financial Technologies probability density function shows the probability of THOR Etf to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days THOR Financial has a beta of 0.67. This usually implies as returns on the market go up, THOR Financial average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding THOR Financial Technologies will be expected to be much smaller as well. Additionally THOR Financial Technologies has an alpha of 0.0416, implying that it can generate a 0.0416 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). THOR Financial Price Density |
| Price |
Predictive Modules for THOR Financial
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 Financial Techn. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf 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 Financial Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. THOR Financial is not an exception. The market had few large corrections towards the THOR Financial'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 THOR Financial Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of THOR Financial within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.04 | |
β | Beta against Dow Jones | 0.67 | |
σ | Overall volatility | 3.63 | |
Ir | Information ratio | 0.01 |
THOR Financial 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 Financial for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for THOR Financial Techn 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 Financial Techn is way too risky over 90 days horizon | |
| THOR Financial Techn appears to be risky and price may revert if volatility continues |
THOR Financial Technical Analysis
THOR Financial's future price can be derived by breaking down and analyzing its technical indicators over time. THOR Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of THOR Financial Technologies. In general, you should focus on analyzing THOR Etf price patterns and their correlations with different microeconomic environments and drivers.
THOR Financial Predictive Forecast Models
THOR Financial's time-series forecasting models is one of many THOR Financial's etf 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 Financial'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 etf market movement and maximize returns from investment trading.
Things to note about THOR Financial Techn
Checking the ongoing alerts about THOR Financial for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for THOR Financial Techn help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| THOR Financial Techn is way too risky over 90 days horizon | |
| THOR Financial Techn appears to be risky and price may revert if volatility continues |
Check out THOR Financial Backtesting, Portfolio Optimization, THOR Financial Correlation, THOR Financial Hype Analysis, THOR Financial Volatility, THOR Financial History as well as THOR Financial Performance. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of THOR Financial Techn is measured differently than its book value, which is the value of THOR that is recorded on the company's balance sheet. Investors also form their own opinion of THOR Financial's value that differs from its market value or its book value, called intrinsic value, which is THOR Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because THOR Financial's market value can be influenced by many factors that don't directly affect THOR Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between THOR Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if THOR Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, THOR Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.