Canoe Eit Income Stock Probability of Future Stock Price Finishing Over 15.72
| EIT-UN Stock | CAD 15.70 0.10 0.64% |
Canoe |
Canoe EIT Target Price Odds to finish over 15.72
The tendency of Canoe 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 C$ 15.72 or more in 90 days |
| 15.70 | 90 days | 15.72 | nearly 4.12 |
Based on a normal probability distribution, the odds of Canoe EIT to move over C$ 15.72 or more in 90 days from now is nearly 4.12 (This Canoe EIT Income probability density function shows the probability of Canoe Stock to fall within a particular range of prices over 90 days) . Probability of Canoe EIT Income price to stay between its current price of C$ 15.70 and C$ 15.72 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Canoe EIT has a beta of 0.28 suggesting as returns on the market go up, Canoe EIT average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canoe EIT Income will be expected to be much smaller as well. Additionally Canoe EIT Income has an alpha of 0.143, implying that it can generate a 0.14 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Canoe EIT Price Density |
| Price |
Predictive Modules for Canoe EIT
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canoe EIT Income. 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 Canoe EIT'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.
Canoe EIT Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canoe EIT is not an exception. The market had few large corrections towards the Canoe EIT'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 Canoe EIT Income, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canoe EIT within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.14 | |
β | Beta against Dow Jones | 0.28 | |
σ | Overall volatility | 0.57 | |
Ir | Information ratio | 0.1 |
Canoe EIT 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 Canoe EIT for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canoe EIT Income can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canoe EIT Income has accumulated 95.99 M in total debt with debt to equity ratio (D/E) of 0.3, which may suggest the company is not taking enough advantage from borrowing. Canoe EIT Income has a current ratio of 0.94, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Canoe EIT until it has trouble settling it off, either with new capital or with free cash flow. So, Canoe EIT's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canoe EIT Income sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canoe to invest in growth at high rates of return. When we think about Canoe EIT's use of debt, we should always consider it together with cash and equity. | |
| Canoe EIT Income has accumulated about 98.55 M in cash with (112.77 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.82. |
Canoe EIT 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 Canoe Stock often depends not only on the future outlook of the current and potential Canoe EIT'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. Canoe EIT's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 169.3 M | |
| Cash And Short Term Investments | 14.8 M |
Canoe EIT Technical Analysis
Canoe EIT's future price can be derived by breaking down and analyzing its technical indicators over time. Canoe Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canoe EIT Income. In general, you should focus on analyzing Canoe Stock price patterns and their correlations with different microeconomic environments and drivers.
Canoe EIT Predictive Forecast Models
Canoe EIT's time-series forecasting models is one of many Canoe EIT'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 Canoe EIT'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 Canoe EIT Income
Checking the ongoing alerts about Canoe EIT for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canoe EIT Income help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canoe EIT Income has accumulated 95.99 M in total debt with debt to equity ratio (D/E) of 0.3, which may suggest the company is not taking enough advantage from borrowing. Canoe EIT Income has a current ratio of 0.94, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Canoe EIT until it has trouble settling it off, either with new capital or with free cash flow. So, Canoe EIT's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canoe EIT Income sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canoe to invest in growth at high rates of return. When we think about Canoe EIT's use of debt, we should always consider it together with cash and equity. | |
| Canoe EIT Income has accumulated about 98.55 M in cash with (112.77 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.82. |
Other Information on Investing in Canoe Stock
Canoe EIT financial ratios help investors to determine whether Canoe 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 Canoe with respect to the benefits of owning Canoe EIT security.