Goodfellow Stock Probability of Future Stock Price Finishing Under 14.06
| GDL Stock | CAD 13.87 0.09 0.65% |
Goodfellow |
Goodfellow Target Price Odds to finish below 14.06
The tendency of Goodfellow 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$ 14.06 after 90 days |
| 13.87 | 90 days | 14.06 | about 50.58 |
Based on a normal probability distribution, the odds of Goodfellow to stay under C$ 14.06 after 90 days from now is about 50.58 (This Goodfellow probability density function shows the probability of Goodfellow Stock to fall within a particular range of prices over 90 days) . Probability of Goodfellow price to stay between its current price of C$ 13.87 and C$ 14.06 at the end of the 90-day period is about 17.54 .
Assuming the 90 days trading horizon Goodfellow has a beta of -0.16. This usually indicates as returns on the benchmark increase, returns on holding Goodfellow are expected to decrease at a much lower rate. During a bear market, however, Goodfellow is likely to outperform the market. Additionally Goodfellow has an alpha of 0.015, implying that it can generate a 0.015 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Goodfellow Price Density |
| Price |
Predictive Modules for Goodfellow
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Goodfellow. 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.Goodfellow Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Goodfellow is not an exception. The market had few large corrections towards the Goodfellow'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 Goodfellow, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Goodfellow within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | -0.16 | |
σ | Overall volatility | 0.42 | |
Ir | Information ratio | -0.06 |
Goodfellow 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 Goodfellow for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Goodfellow can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Goodfellow generated a negative expected return over the last 90 days | |
| The company has C$13.23 Million in debt which may indicate that it relies heavily on debt financing | |
| About 53.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Goodfellow Inc. Receives TSX Approval for Share Buyback - TipRanks |
Goodfellow 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 Goodfellow Stock often depends not only on the future outlook of the current and potential Goodfellow'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. Goodfellow's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8.5 M | |
| Cash And Short Term Investments | 28.4 M |
Goodfellow Technical Analysis
Goodfellow's future price can be derived by breaking down and analyzing its technical indicators over time. Goodfellow Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Goodfellow. In general, you should focus on analyzing Goodfellow Stock price patterns and their correlations with different microeconomic environments and drivers.
Goodfellow Predictive Forecast Models
Goodfellow's time-series forecasting models is one of many Goodfellow'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 Goodfellow'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 Goodfellow
Checking the ongoing alerts about Goodfellow for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Goodfellow help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Goodfellow generated a negative expected return over the last 90 days | |
| The company has C$13.23 Million in debt which may indicate that it relies heavily on debt financing | |
| About 53.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Goodfellow Inc. Receives TSX Approval for Share Buyback - TipRanks |
Other Information on Investing in Goodfellow Stock
Goodfellow financial ratios help investors to determine whether Goodfellow 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 Goodfellow with respect to the benefits of owning Goodfellow security.