Canaccord Genuity Group Stock Probability of Future Stock Price Finishing Under 10.29
| CF Stock | CAD 10.74 0.16 1.51% |
Canaccord |
Canaccord Genuity Target Price Odds to finish below 10.29
The tendency of Canaccord 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$ 10.29 or more in 90 days |
| 10.74 | 90 days | 10.29 | about 89.59 |
Based on a normal probability distribution, the odds of Canaccord Genuity to drop to C$ 10.29 or more in 90 days from now is about 89.59 (This Canaccord Genuity Group probability density function shows the probability of Canaccord Stock to fall within a particular range of prices over 90 days) . Probability of Canaccord Genuity price to stay between C$ 10.29 and its current price of C$10.74 at the end of the 90-day period is about 6.94 .
Assuming the 90 days horizon Canaccord Genuity has a beta of 0.0874 suggesting as returns on the market go up, Canaccord Genuity average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canaccord Genuity Group will be expected to be much smaller as well. Additionally Canaccord Genuity Group has an alpha of 0.3634, implying that it can generate a 0.36 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Canaccord Genuity Price Density |
| Price |
Predictive Modules for Canaccord Genuity
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canaccord Genuity. 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 Canaccord Genuity'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.
Canaccord Genuity Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canaccord Genuity is not an exception. The market had few large corrections towards the Canaccord Genuity'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 Canaccord Genuity Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canaccord Genuity within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.36 | |
β | Beta against Dow Jones | 0.09 | |
σ | Overall volatility | 0.80 | |
Ir | Information ratio | 0.13 |
Canaccord Genuity 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 Canaccord Genuity for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canaccord Genuity can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the revenue of 1.48 B. Net Loss for the year was (13.16 M) with profit before overhead, payroll, taxes, and interest of 1.85 B. | |
| Canaccord Genuity Group has accumulated about 1.01 B in cash with (91.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 18.51, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: Canaccord Genuity Group Boosts Spectrum Brands Price Target to 94.00 - MarketBeat |
Canaccord Genuity 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 Canaccord Stock often depends not only on the future outlook of the current and potential Canaccord Genuity'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. Canaccord Genuity's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 91.8 M | |
| Cash And Short Term Investments | 1.1 B |
Canaccord Genuity Technical Analysis
Canaccord Genuity's future price can be derived by breaking down and analyzing its technical indicators over time. Canaccord Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canaccord Genuity Group. In general, you should focus on analyzing Canaccord Stock price patterns and their correlations with different microeconomic environments and drivers.
Canaccord Genuity Predictive Forecast Models
Canaccord Genuity's time-series forecasting models is one of many Canaccord Genuity'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 Canaccord Genuity'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 Canaccord Genuity
Checking the ongoing alerts about Canaccord Genuity for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canaccord Genuity help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the revenue of 1.48 B. Net Loss for the year was (13.16 M) with profit before overhead, payroll, taxes, and interest of 1.85 B. | |
| Canaccord Genuity Group has accumulated about 1.01 B in cash with (91.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 18.51, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: Canaccord Genuity Group Boosts Spectrum Brands Price Target to 94.00 - MarketBeat |
Other Information on Investing in Canaccord Stock
Canaccord Genuity financial ratios help investors to determine whether Canaccord 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 Canaccord with respect to the benefits of owning Canaccord Genuity security.