Aecon Group Stock Chance of Future Stock Price Finishing Under 26.21
| ARE Stock | CAD 28.90 0.01 0.03% |
Aecon |
Aecon Target Price Odds to finish below 26.21
The tendency of Aecon 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 drop to C$ 26.21 or more in 90 days |
| 28.90 | 90 days | 26.21 | about 84.64 |
Based on a normal probability distribution, the odds of Aecon to drop to C$ 26.21 or more in 90 days from now is about 84.64 (This Aecon Group probability density function shows the probability of Aecon Stock to fall within a particular range of prices over 90 days) . Probability of Aecon Group price to stay between C$ 26.21 and its current price of C$28.9 at the end of the 90-day period is about 11.21 .
Assuming the 90 days trading horizon Aecon has a beta of 0.11. This suggests as returns on the market go up, Aecon average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Aecon Group will be expected to be much smaller as well. Additionally Aecon Group has an alpha of 0.7341, implying that it can generate a 0.73 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Aecon Price Density |
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Predictive Modules for Aecon
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aecon 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.Aecon Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Aecon is not an exception. The market had few large corrections towards the Aecon'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 Aecon Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Aecon within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.73 | |
β | Beta against Dow Jones | 0.11 | |
σ | Overall volatility | 3.75 | |
Ir | Information ratio | 0.24 |
Aecon 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 Aecon for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Aecon 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.| Latest headline from news.google.com: Aecon Group Stock Price Crosses Above 200-Day Moving Average - Heres What Happened - MarketBeat |
Aecon 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 Aecon Stock often depends not only on the future outlook of the current and potential Aecon'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. Aecon's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 81.9 M | |
| Cash And Short Term Investments | 645.8 M |
Aecon Technical Analysis
Aecon's future price can be derived by breaking down and analyzing its technical indicators over time. Aecon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Aecon Group. In general, you should focus on analyzing Aecon Stock price patterns and their correlations with different microeconomic environments and drivers.
Aecon Predictive Forecast Models
Aecon's time-series forecasting models is one of many Aecon'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 Aecon'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 Aecon Group
Checking the ongoing alerts about Aecon for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Aecon Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Latest headline from news.google.com: Aecon Group Stock Price Crosses Above 200-Day Moving Average - Heres What Happened - MarketBeat |
Other Information on Investing in Aecon Stock
Aecon financial ratios help investors to determine whether Aecon 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 Aecon with respect to the benefits of owning Aecon security.