Canasia Energy Corp Stock Probability of Future Pink Sheet Price Finishing Over 0.073
| CECAF Stock | 0.07 0.00 0.00% |
CanAsia |
CanAsia Energy Target Price Odds to finish over 0.073
The tendency of CanAsia 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 move above the current price in 90 days |
| 0.07 | 90 days | 0.07 | about 75.15 |
Based on a normal probability distribution, the odds of CanAsia Energy to move above the current price in 90 days from now is about 75.15 (This CanAsia Energy Corp probability density function shows the probability of CanAsia Pink Sheet to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon the pink sheet has the beta coefficient of 3.18 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, CanAsia Energy will likely underperform. Additionally CanAsia Energy Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. CanAsia Energy Price Density |
| Price |
Predictive Modules for CanAsia Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CanAsia Energy Corp. 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.CanAsia Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CanAsia Energy is not an exception. The market had few large corrections towards the CanAsia Energy'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 CanAsia Energy Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CanAsia Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.51 | |
β | Beta against Dow Jones | 3.18 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.04 |
CanAsia Energy 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 CanAsia Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CanAsia Energy 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.| CanAsia Energy Corp generated a negative expected return over the last 90 days | |
| CanAsia Energy Corp has high historical volatility and very poor performance | |
| CanAsia Energy Corp has some characteristics of a very speculative penny stock | |
| About 21.0% of the company shares are held by company insiders |
CanAsia Energy Technical Analysis
CanAsia Energy's future price can be derived by breaking down and analyzing its technical indicators over time. CanAsia Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CanAsia Energy Corp. In general, you should focus on analyzing CanAsia Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
CanAsia Energy Predictive Forecast Models
CanAsia Energy's time-series forecasting models is one of many CanAsia Energy's 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 CanAsia Energy'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 pink sheet market movement and maximize returns from investment trading.
Things to note about CanAsia Energy Corp
Checking the ongoing alerts about CanAsia Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CanAsia Energy Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CanAsia Energy Corp generated a negative expected return over the last 90 days | |
| CanAsia Energy Corp has high historical volatility and very poor performance | |
| CanAsia Energy Corp has some characteristics of a very speculative penny stock | |
| About 21.0% of the company shares are held by company insiders |
Other Information on Investing in CanAsia Pink Sheet
CanAsia Energy financial ratios help investors to determine whether CanAsia 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 CanAsia with respect to the benefits of owning CanAsia Energy security.