Alithya Group Odds of Future Stock Price Finishing Over 1.57
| ALYADelisted Stock | USD 1.84 0.06 3.16% |
Alithya |
Alithya Target Price Odds to finish over 1.57
The tendency of Alithya 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 $ 1.57 in 90 days |
| 1.84 | 90 days | 1.57 | about 98.0 |
Based on a normal probability distribution, the odds of Alithya to stay above $ 1.57 in 90 days from now is about 98.0 (This Alithya Group probability density function shows the probability of Alithya Stock to fall within a particular range of prices over 90 days) . Probability of Alithya Group price to stay between $ 1.57 and its current price of $1.84 at the end of the 90-day period is about 57.58 .
Given the investment horizon of 90 days Alithya Group has a beta of -0.0813. This suggests as returns on the benchmark increase, returns on holding Alithya are expected to decrease at a much lower rate. During a bear market, however, Alithya Group is likely to outperform the market. Additionally Alithya 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. Alithya Price Density |
| Price |
Predictive Modules for Alithya
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alithya Group. 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 Alithya'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.
Alithya Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Alithya is not an exception. The market had few large corrections towards the Alithya'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 Alithya Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Alithya within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | -0.08 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | -0.08 |
Alithya 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 Alithya for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Alithya Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Alithya Group is not yet fully synchronised with the market data | |
| Alithya Group may become a speculative penny stock | |
| Alithya Group has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 522.7 M. Net Loss for the year was (30.1 M) with profit before overhead, payroll, taxes, and interest of 105.28 M. | |
| About 23.0% of the company shares are held by company insiders |
Alithya 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 Alithya Stock often depends not only on the future outlook of the current and potential Alithya'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. Alithya's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 94.2 M | |
| Cash And Short Term Investments | 22.6 M |
Alithya Technical Analysis
Alithya's future price can be derived by breaking down and analyzing its technical indicators over time. Alithya Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Alithya Group. In general, you should focus on analyzing Alithya Stock price patterns and their correlations with different microeconomic environments and drivers.
Alithya Predictive Forecast Models
Alithya's time-series forecasting models is one of many Alithya'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 Alithya'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 Alithya Group
Checking the ongoing alerts about Alithya for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Alithya Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Alithya Group is not yet fully synchronised with the market data | |
| Alithya Group may become a speculative penny stock | |
| Alithya Group has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 522.7 M. Net Loss for the year was (30.1 M) with profit before overhead, payroll, taxes, and interest of 105.28 M. | |
| About 23.0% of the company shares are held by company insiders |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Other Consideration for investing in Alithya Stock
If you are still planning to invest in Alithya Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Alithya's history and understand the potential risks before investing.
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