Canadian Utilities Limited Stock Probability of Future Pink Sheet Price Finishing Under 25.7
| CDUAF Stock | USD 25.57 0.30 1.19% |
Canadian |
Canadian Utilities Target Price Odds to finish below 25.7
The tendency of Canadian Pink Sheet 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 $ 25.70 after 90 days |
| 25.57 | 90 days | 25.70 | about 64.4 |
Based on a normal probability distribution, the odds of Canadian Utilities to stay under $ 25.70 after 90 days from now is about 64.4 (This Canadian Utilities Limited probability density function shows the probability of Canadian Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Canadian Utilities price to stay between its current price of $ 25.57 and $ 25.70 at the end of the 90-day period is about 9.09 .
Assuming the 90 days horizon Canadian Utilities Limited has a beta of -0.0353 suggesting as returns on the benchmark increase, returns on holding Canadian Utilities are expected to decrease at a much lower rate. During a bear market, however, Canadian Utilities Limited is likely to outperform the market. Additionally Canadian Utilities Limited has an alpha of 0.07, implying that it can generate a 0.07 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Canadian Utilities Price Density |
| Price |
Predictive Modules for Canadian Utilities
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 Utilities. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Canadian Utilities Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canadian Utilities is not an exception. The market had few large corrections towards the Canadian Utilities' 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 Utilities Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canadian Utilities within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | -0.04 | |
σ | Overall volatility | 0.55 | |
Ir | Information ratio | -0.04 |
Canadian Utilities 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 Canadian Pink Sheet often depends not only on the future outlook of the current and potential Canadian Utilities' 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. Canadian Utilities' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 269.3 M |
Canadian Utilities Technical Analysis
Canadian Utilities' future price can be derived by breaking down and analyzing its technical indicators over time. Canadian Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canadian Utilities Limited. In general, you should focus on analyzing Canadian Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Canadian Utilities Predictive Forecast Models
Canadian Utilities' time-series forecasting models is one of many Canadian Utilities' pink sheet 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 Canadian Utilities' 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 pink sheet market movement and maximize returns from investment trading.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canadian Utilities in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canadian Utilities' short interest history, or implied volatility extrapolated from Canadian Utilities options trading.
Other Information on Investing in Canadian Pink Sheet
Canadian Utilities financial ratios help investors to determine whether Canadian Pink Sheet 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 Canadian with respect to the benefits of owning Canadian Utilities security.