Canuc Resources Corp Stock Probability of Future Stock Price Finishing Under 0.0644
| CDA Stock | CAD 0.07 0.00 0.00% |
Canuc |
Canuc Resources Target Price Odds to finish below 0.0644
The tendency of Canuc 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$ 0.06 or more in 90 days |
| 0.07 | 90 days | 0.06 | about 29.01 |
Based on a normal probability distribution, the odds of Canuc Resources to drop to C$ 0.06 or more in 90 days from now is about 29.01 (This Canuc Resources Corp probability density function shows the probability of Canuc Stock to fall within a particular range of prices over 90 days) . Probability of Canuc Resources Corp price to stay between C$ 0.06 and its current price of C$0.07 at the end of the 90-day period is about 25.08 .
Assuming the 90 days horizon Canuc Resources Corp has a beta of -1.78 suggesting as returns on its benchmark rise, returns on holding Canuc Resources Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Canuc Resources is expected to outperform its benchmark. Additionally Canuc Resources Corp has an alpha of 0.4802, implying that it can generate a 0.48 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Canuc Resources Price Density |
| Price |
Predictive Modules for Canuc Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canuc Resources 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.Canuc Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canuc Resources is not an exception. The market had few large corrections towards the Canuc Resources' 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 Canuc Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canuc Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.48 | |
β | Beta against Dow Jones | -1.78 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.01 |
Canuc Resources 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 Canuc Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canuc Resources 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.| Canuc Resources Corp had very high historical volatility over the last 90 days | |
| Canuc Resources Corp has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 162.59 K. Net Loss for the year was (1.75 M) with profit before overhead, payroll, taxes, and interest of 144.38 K. | |
| Canuc Resources Corp has accumulated about 3.02 M in cash with (2.82 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Latest headline from news.google.com: Discover illumin Holdings And 2 Other Promising Penny Stocks On The TSX - Yahoo Finance |
Canuc Resources 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 Canuc Stock often depends not only on the future outlook of the current and potential Canuc Resources' 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. Canuc Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 160 M |
Canuc Resources Technical Analysis
Canuc Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Canuc Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canuc Resources Corp. In general, you should focus on analyzing Canuc Stock price patterns and their correlations with different microeconomic environments and drivers.
Canuc Resources Predictive Forecast Models
Canuc Resources' time-series forecasting models is one of many Canuc Resources' 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 Canuc Resources' 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 Canuc Resources Corp
Checking the ongoing alerts about Canuc Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canuc Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canuc Resources Corp had very high historical volatility over the last 90 days | |
| Canuc Resources Corp has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 162.59 K. Net Loss for the year was (1.75 M) with profit before overhead, payroll, taxes, and interest of 144.38 K. | |
| Canuc Resources Corp has accumulated about 3.02 M in cash with (2.82 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Latest headline from news.google.com: Discover illumin Holdings And 2 Other Promising Penny Stocks On The TSX - Yahoo Finance |
Additional Tools for Canuc Stock Analysis
When running Canuc Resources' price analysis, check to measure Canuc Resources' 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 Canuc Resources is operating at the current time. Most of Canuc Resources' value examination focuses on studying past and present price action to predict the probability of Canuc Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canuc Resources' price. Additionally, you may evaluate how the addition of Canuc Resources to your portfolios can decrease your overall portfolio volatility.