Atco Stock Chance of Future Stock Price Finishing Over 47.30
| ACO-Y Stock | CAD 50.00 1.00 1.96% |
ATCO |
ATCO Target Price Odds to finish over 47.30
The tendency of ATCO 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$ 47.30 in 90 days |
| 50.00 | 90 days | 47.30 | about 64.57 |
Based on a normal probability distribution, the odds of ATCO to stay above C$ 47.30 in 90 days from now is about 64.57 (This ATCO probability density function shows the probability of ATCO Stock to fall within a particular range of prices over 90 days) . Probability of ATCO price to stay between C$ 47.30 and its current price of C$50.0 at the end of the 90-day period is about 47.13 .
Assuming the 90 days trading horizon ATCO has a beta of 0.16. This suggests as returns on the market go up, ATCO average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ATCO will be expected to be much smaller as well. Additionally ATCO has an alpha of 0.1862, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ATCO Price Density |
| Price |
Predictive Modules for ATCO
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ATCO. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ATCO's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ATCO Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ATCO is not an exception. The market had few large corrections towards the ATCO'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 ATCO, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ATCO within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | 0.16 | |
σ | Overall volatility | 2.06 | |
Ir | Information ratio | 0.06 |
ATCO 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 ATCO for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ATCO can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ATCO has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 93.0% of the company shares are held by company insiders | |
| On 30th of September 2024 ATCO paid C$ 0.4898 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Individual investors account for 40 percent of ATCO Ltd.s ownership, while private companies account for 34 percent - Simply Wall St |
ATCO 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 ATCO Stock often depends not only on the future outlook of the current and potential ATCO'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. ATCO's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 113.4 M | |
| Cash And Short Term Investments | 576 M |
ATCO Technical Analysis
ATCO's future price can be derived by breaking down and analyzing its technical indicators over time. ATCO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ATCO. In general, you should focus on analyzing ATCO Stock price patterns and their correlations with different microeconomic environments and drivers.
ATCO Predictive Forecast Models
ATCO's time-series forecasting models is one of many ATCO'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 ATCO'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 ATCO
Checking the ongoing alerts about ATCO for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ATCO help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ATCO has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 93.0% of the company shares are held by company insiders | |
| On 30th of September 2024 ATCO paid C$ 0.4898 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Individual investors account for 40 percent of ATCO Ltd.s ownership, while private companies account for 34 percent - Simply Wall St |
Additional Tools for ATCO Stock Analysis
When running ATCO's price analysis, check to measure ATCO'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 ATCO is operating at the current time. Most of ATCO's value examination focuses on studying past and present price action to predict the probability of ATCO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATCO's price. Additionally, you may evaluate how the addition of ATCO to your portfolios can decrease your overall portfolio volatility.