Cresco Labs Stock Probability of Future OTC Stock Price Finishing Over 1.89
| CRLBF Stock | USD 1.09 0.10 8.40% |
Cresco |
Cresco Labs Target Price Odds to finish over 1.89
The tendency of Cresco OTC 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 move over $ 1.89 or more in 90 days |
| 1.09 | 90 days | 1.89 | roughly 2.95 |
Based on a normal probability distribution, the odds of Cresco Labs to move over $ 1.89 or more in 90 days from now is roughly 2.95 (This Cresco Labs probability density function shows the probability of Cresco OTC Stock to fall within a particular range of prices over 90 days) . Probability of Cresco Labs price to stay between its current price of $ 1.09 and $ 1.89 at the end of the 90-day period is roughly 97.0 .
Assuming the 90 days horizon Cresco Labs has a beta of -0.23 suggesting as returns on the benchmark increase, returns on holding Cresco Labs are expected to decrease at a much lower rate. During a bear market, however, Cresco Labs is likely to outperform the market. Additionally Cresco Labs 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. Cresco Labs Price Density |
| Price |
Predictive Modules for Cresco Labs
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cresco Labs. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.Cresco Labs Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cresco Labs is not an exception. The market had few large corrections towards the Cresco Labs' 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 Cresco Labs, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cresco Labs within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.51 | |
β | Beta against Dow Jones | -0.23 | |
σ | Overall volatility | 0.18 | |
Ir | Information ratio | -0.11 |
Cresco Labs 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 Cresco Labs for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cresco Labs can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cresco Labs generated a negative expected return over the last 90 days | |
| Cresco Labs has high historical volatility and very poor performance | |
| Cresco Labs has some characteristics of a very speculative penny stock | |
| Cresco Labs has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 821.68 M. Net Loss for the year was (319.6 M) with profit before overhead, payroll, taxes, and interest of 429.79 M. | |
| About 23.0% of the company shares are held by company insiders |
Cresco Labs 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 Cresco OTC Stock often depends not only on the future outlook of the current and potential Cresco Labs' 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. Cresco Labs' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 273.9 M |
Cresco Labs Technical Analysis
Cresco Labs' future price can be derived by breaking down and analyzing its technical indicators over time. Cresco OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cresco Labs. In general, you should focus on analyzing Cresco OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Cresco Labs Predictive Forecast Models
Cresco Labs' time-series forecasting models is one of many Cresco Labs' otc 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 Cresco Labs' 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 otc stock market movement and maximize returns from investment trading.
Things to note about Cresco Labs
Checking the ongoing alerts about Cresco Labs for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cresco Labs help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cresco Labs generated a negative expected return over the last 90 days | |
| Cresco Labs has high historical volatility and very poor performance | |
| Cresco Labs has some characteristics of a very speculative penny stock | |
| Cresco Labs has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 821.68 M. Net Loss for the year was (319.6 M) with profit before overhead, payroll, taxes, and interest of 429.79 M. | |
| About 23.0% of the company shares are held by company insiders |
Other Information on Investing in Cresco OTC Stock
Cresco Labs financial ratios help investors to determine whether Cresco OTC 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 Cresco with respect to the benefits of owning Cresco Labs security.