Cano Health Probability of Future Stock Price Finishing Under 1.38
| CANODelisted Stock | USD 1.37 0.04 2.84% |
Cano |
Cano Health Target Price Odds to finish below 1.38
The tendency of Cano 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 under $ 1.38 after 90 days |
| 1.37 | 90 days | 1.38 | about 72.96 |
Based on a normal probability distribution, the odds of Cano Health to stay under $ 1.38 after 90 days from now is about 72.96 (This Cano Health probability density function shows the probability of Cano Stock to fall within a particular range of prices over 90 days) . Probability of Cano Health price to stay between its current price of $ 1.37 and $ 1.38 at the end of the 90-day period is roughly 2.6 .
Given the investment horizon of 90 days Cano Health has a beta of 0.0668 suggesting as returns on the market go up, Cano Health average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Cano Health will be expected to be much smaller as well. Additionally Cano Health has an alpha of 0.2983, implying that it can generate a 0.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Cano Health Price Density |
| Price |
Predictive Modules for Cano Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cano Health. 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.Cano Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cano Health is not an exception. The market had few large corrections towards the Cano Health'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 Cano Health, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cano Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.30 | |
β | Beta against Dow Jones | 0.07 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | 0.03 |
Cano Health 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 Cano Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cano Health can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cano Health is not yet fully synchronised with the market data | |
| Cano Health may become a speculative penny stock | |
| Cano Health has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 3.1 B. Net Loss for the year was (577.76 M) with profit before overhead, payroll, taxes, and interest of 421.69 M. | |
| Cano Health currently holds about 24.1 M in cash with (146.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Roughly 43.0% of the company shares are held by company insiders |
Cano Health 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 Cano Stock often depends not only on the future outlook of the current and potential Cano Health'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. Cano Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.2 M | |
| Cash And Short Term Investments | 27.3 M |
Cano Health Technical Analysis
Cano Health's future price can be derived by breaking down and analyzing its technical indicators over time. Cano Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cano Health. In general, you should focus on analyzing Cano Stock price patterns and their correlations with different microeconomic environments and drivers.
Cano Health Predictive Forecast Models
Cano Health's time-series forecasting models is one of many Cano Health'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 Cano Health'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 Cano Health
Checking the ongoing alerts about Cano Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cano Health help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cano Health is not yet fully synchronised with the market data | |
| Cano Health may become a speculative penny stock | |
| Cano Health has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 3.1 B. Net Loss for the year was (577.76 M) with profit before overhead, payroll, taxes, and interest of 421.69 M. | |
| Cano Health currently holds about 24.1 M in cash with (146.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Roughly 43.0% 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 board of governors. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Other Consideration for investing in Cano Stock
If you are still planning to invest in Cano Health 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 Cano Health's history and understand the potential risks before investing.
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