Canadian Banc Corp Stock Probability of Future Stock Price Finishing Under 11.46
| BK Stock | CAD 11.96 0.13 1.08% |
Bank |
Bank of New York Target Price Odds to finish below 11.46
The tendency of Bank 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$ 11.46 or more in 90 days |
| 11.96 | 90 days | 11.46 | about 68.36 |
Based on a normal probability distribution, the odds of Bank of New York to drop to C$ 11.46 or more in 90 days from now is about 68.36 (This Canadian Banc Corp probability density function shows the probability of Bank Stock to fall within a particular range of prices over 90 days) . Probability of Canadian Banc Corp price to stay between C$ 11.46 and its current price of C$11.96 at the end of the 90-day period is about 28.03 .
Assuming the 90 days horizon Bank of New York has a beta of 0.14 suggesting as returns on the market go up, Bank of New York average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canadian Banc Corp will be expected to be much smaller as well. Additionally Canadian Banc Corp has an alpha of 0.1457, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Bank of New York Price Density |
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Predictive Modules for Bank of New York
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canadian Banc Corp. 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 Bank of New York'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.
Bank of New York Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bank of New York is not an exception. The market had few large corrections towards the Bank of New York'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 Canadian Banc Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bank of New York within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | 0.14 | |
σ | Overall volatility | 0.37 | |
Ir | Information ratio | 0.09 |
Bank of New York 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 Bank of New York for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canadian Banc Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canadian Banc Corp has high likelihood to experience some financial distress in the next 2 years | |
| Canadian Banc Corp has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Net Loss for the year was (40.41 M) with profit before overhead, payroll, taxes, and interest of 6.92 M. | |
| Canadian Banc Corp has accumulated about 226.1 M in cash with (136.8 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 20.38, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: Canadian Banc Corp. Monthly Dividend Declaration for Class A Preferred Share - Yahoo Finance |
Bank of New York 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 Bank Stock often depends not only on the future outlook of the current and potential Bank of New York'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. Bank of New York's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 22.4 M | |
| Cash And Short Term Investments | 628 M |
Bank of New York Technical Analysis
Bank of New York's future price can be derived by breaking down and analyzing its technical indicators over time. Bank Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canadian Banc Corp. In general, you should focus on analyzing Bank Stock price patterns and their correlations with different microeconomic environments and drivers.
Bank of New York Predictive Forecast Models
Bank of New York's time-series forecasting models is one of many Bank of New York'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 Bank of New York'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 Canadian Banc Corp
Checking the ongoing alerts about Bank of New York for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canadian Banc Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canadian Banc Corp has high likelihood to experience some financial distress in the next 2 years | |
| Canadian Banc Corp has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Net Loss for the year was (40.41 M) with profit before overhead, payroll, taxes, and interest of 6.92 M. | |
| Canadian Banc Corp has accumulated about 226.1 M in cash with (136.8 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 20.38, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: Canadian Banc Corp. Monthly Dividend Declaration for Class A Preferred Share - Yahoo Finance |
Other Information on Investing in Bank Stock
Bank of New York financial ratios help investors to determine whether Bank 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 Bank with respect to the benefits of owning Bank of New York security.