Canalaska Uranium Stock Probability of Future OTC Stock Price Finishing Over 11.46
| CVVUF Stock | USD 0.53 0.01 1.85% |
CanAlaska |
CanAlaska Uranium Target Price Odds to finish over 11.46
The tendency of CanAlaska 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 $ 11.46 or more in 90 days |
| 0.53 | 90 days | 11.46 | close to zero percent |
Based on a normal probability distribution, the odds of CanAlaska Uranium to move over $ 11.46 or more in 90 days from now is close to zero percent (This CanAlaska Uranium probability density function shows the probability of CanAlaska OTC Stock to fall within a particular range of prices over 90 days) . Probability of CanAlaska Uranium price to stay between its current price of $ 0.53 and $ 11.46 at the end of the 90-day period is about 37.27 .
Assuming the 90 days horizon CanAlaska Uranium has a beta of -0.33 suggesting as returns on the benchmark increase, returns on holding CanAlaska Uranium are expected to decrease at a much lower rate. During a bear market, however, CanAlaska Uranium is likely to outperform the market. Additionally CanAlaska Uranium has an alpha of 0.1878, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). CanAlaska Uranium Price Density |
| Price |
Predictive Modules for CanAlaska Uranium
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CanAlaska Uranium. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CanAlaska Uranium'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.
CanAlaska Uranium Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CanAlaska Uranium is not an exception. The market had few large corrections towards the CanAlaska Uranium'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 CanAlaska Uranium, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CanAlaska Uranium within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | -0.33 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0 |
CanAlaska Uranium 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 CanAlaska Uranium for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CanAlaska Uranium can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CanAlaska Uranium has some characteristics of a very speculative penny stock | |
| CanAlaska Uranium had very high historical volatility over the last 90 days | |
| Net Loss for the year was (6.18 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| CanAlaska Uranium has accumulated about 12.41 M in cash with (5.86 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12. |
CanAlaska Uranium 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 CanAlaska OTC Stock often depends not only on the future outlook of the current and potential CanAlaska Uranium'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. CanAlaska Uranium's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 101.9 M |
CanAlaska Uranium Technical Analysis
CanAlaska Uranium's future price can be derived by breaking down and analyzing its technical indicators over time. CanAlaska OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CanAlaska Uranium. In general, you should focus on analyzing CanAlaska OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
CanAlaska Uranium Predictive Forecast Models
CanAlaska Uranium's time-series forecasting models is one of many CanAlaska Uranium's 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 CanAlaska Uranium'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 otc stock market movement and maximize returns from investment trading.
Things to note about CanAlaska Uranium
Checking the ongoing alerts about CanAlaska Uranium for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CanAlaska Uranium help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CanAlaska Uranium has some characteristics of a very speculative penny stock | |
| CanAlaska Uranium had very high historical volatility over the last 90 days | |
| Net Loss for the year was (6.18 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| CanAlaska Uranium has accumulated about 12.41 M in cash with (5.86 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12. |
Other Information on Investing in CanAlaska OTC Stock
CanAlaska Uranium financial ratios help investors to determine whether CanAlaska 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 CanAlaska with respect to the benefits of owning CanAlaska Uranium security.