True North (Australia) Probability of Future Stock Price Finishing Over 0.08
| TNC Stock | 0.03 0.00 0.00% |
True |
True North Target Price Odds to finish over 0.08
The tendency of True 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 over 0.08 or more in 90 days |
| 0.03 | 90 days | 0.08 | close to zero percent |
Based on a normal probability distribution, the odds of True North to move over 0.08 or more in 90 days from now is close to zero percent (This True North Copper probability density function shows the probability of True Stock to fall within a particular range of prices over 90 days) . Probability of True North Copper price to stay between its current price of 0.03 and 0.08 at the end of the 90-day period is about 59.45 .
Assuming the 90 days trading horizon True North Copper has a beta of -0.27. This usually implies as returns on the benchmark increase, returns on holding True North are expected to decrease at a much lower rate. During a bear market, however, True North Copper is likely to outperform the market. Additionally True North Copper 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. True North Price Density |
| Price |
Predictive Modules for True North
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as True North Copper. 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.True North Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. True North is not an exception. The market had few large corrections towards the True North'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 True North Copper, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of True North within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | -0.27 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.06 |
True North 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 True North for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for True North Copper can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| True North Copper generated a negative expected return over the last 90 days | |
| True North Copper has some characteristics of a very speculative penny stock | |
| True North Copper has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 1.5 M. Net Loss for the year was (34.05 M) with profit before overhead, payroll, taxes, and interest of 754.13 K. | |
| True North generates negative cash flow from operations | |
| About 35.0% of the company outstanding shares are owned by corporate insiders |
True North 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 True Stock often depends not only on the future outlook of the current and potential True North'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. True North's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 461.6 M |
True North Technical Analysis
True North's future price can be derived by breaking down and analyzing its technical indicators over time. True Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of True North Copper. In general, you should focus on analyzing True Stock price patterns and their correlations with different microeconomic environments and drivers.
True North Predictive Forecast Models
True North's time-series forecasting models is one of many True North'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 True North'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 True North Copper
Checking the ongoing alerts about True North for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for True North Copper help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| True North Copper generated a negative expected return over the last 90 days | |
| True North Copper has some characteristics of a very speculative penny stock | |
| True North Copper has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 1.5 M. Net Loss for the year was (34.05 M) with profit before overhead, payroll, taxes, and interest of 754.13 K. | |
| True North generates negative cash flow from operations | |
| About 35.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for True Stock Analysis
When running True North's price analysis, check to measure True North'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 True North is operating at the current time. Most of True North's value examination focuses on studying past and present price action to predict the probability of True North's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move True North's price. Additionally, you may evaluate how the addition of True North to your portfolios can decrease your overall portfolio volatility.