Currency Exchange International Stock Probability of Future Stock Price Finishing Under 23.05
| CXI Stock | CAD 22.90 0.21 0.91% |
Currency |
Currency Exchange Target Price Odds to finish below 23.05
The tendency of Currency 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 stay under C$ 23.05 after 90 days |
| 22.90 | 90 days | 23.05 | near 1 |
Based on a normal probability distribution, the odds of Currency Exchange to stay under C$ 23.05 after 90 days from now is near 1 (This Currency Exchange International probability density function shows the probability of Currency Stock to fall within a particular range of prices over 90 days) . Probability of Currency Exchange price to stay between its current price of C$ 22.90 and C$ 23.05 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Currency Exchange International has a beta of -0.11 suggesting as returns on the benchmark increase, returns on holding Currency Exchange are expected to decrease at a much lower rate. During a bear market, however, Currency Exchange International is likely to outperform the market. Additionally Currency Exchange International 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. Currency Exchange Price Density |
| Price |
Predictive Modules for Currency Exchange
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Currency Exchange. 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.Currency Exchange Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Currency Exchange is not an exception. The market had few large corrections towards the Currency Exchange'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 Currency Exchange International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Currency Exchange within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 0.76 | |
Ir | Information ratio | -0.15 |
Currency Exchange 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 Currency Exchange for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Currency Exchange can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Currency Exchange generated a negative expected return over the last 90 days | |
| Currency Exchange International has accumulated about 60.49 M in cash with (365.57 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.43. | |
| Roughly 26.0% of the company shares are held by company insiders |
Currency Exchange 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 Currency Stock often depends not only on the future outlook of the current and potential Currency Exchange'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. Currency Exchange's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6.7 M | |
| Cash And Short Term Investments | 92.7 M |
Currency Exchange Technical Analysis
Currency Exchange's future price can be derived by breaking down and analyzing its technical indicators over time. Currency Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Currency Exchange International. In general, you should focus on analyzing Currency Stock price patterns and their correlations with different microeconomic environments and drivers.
Currency Exchange Predictive Forecast Models
Currency Exchange's time-series forecasting models is one of many Currency Exchange'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 Currency Exchange'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 Currency Exchange
Checking the ongoing alerts about Currency Exchange for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Currency Exchange help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Currency Exchange generated a negative expected return over the last 90 days | |
| Currency Exchange International has accumulated about 60.49 M in cash with (365.57 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.43. | |
| Roughly 26.0% of the company shares are held by company insiders |
Other Information on Investing in Currency Stock
Currency Exchange financial ratios help investors to determine whether Currency 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 Currency with respect to the benefits of owning Currency Exchange security.