Greenfirst Forest Products Stock Probability of Future Stock Price Finishing Over 12.70
| GFP Stock | 5.60 0.01 0.18% |
GreenFirst |
GreenFirst Forest Target Price Odds to finish over 12.70
The tendency of GreenFirst 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 12.70 or more in 90 days |
| 5.60 | 90 days | 12.70 | near 1 |
Based on a normal probability distribution, the odds of GreenFirst Forest to move over 12.70 or more in 90 days from now is near 1 (This GreenFirst Forest Products probability density function shows the probability of GreenFirst Stock to fall within a particular range of prices over 90 days) . Probability of GreenFirst Forest price to stay between its current price of 5.60 and 12.70 at the end of the 90-day period is about 51.54 .
Assuming the 90 days trading horizon GreenFirst Forest Products has a beta of -1.71. This usually indicates as returns on its benchmark rise, returns on holding GreenFirst Forest Products are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, GreenFirst Forest is expected to outperform its benchmark. Moreover GreenFirst Forest Products has an alpha of 1.2424, implying that it can generate a 1.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). GreenFirst Forest Price Density |
| Price |
Predictive Modules for GreenFirst Forest
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GreenFirst Forest. 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.GreenFirst Forest Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. GreenFirst Forest is not an exception. The market had few large corrections towards the GreenFirst Forest'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 GreenFirst Forest Products, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of GreenFirst Forest within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.24 | |
β | Beta against Dow Jones | -1.71 | |
σ | Overall volatility | 1.55 | |
Ir | Information ratio | 0.16 |
GreenFirst Forest 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 GreenFirst Forest for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for GreenFirst Forest can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| GreenFirst Forest is way too risky over 90 days horizon | |
| GreenFirst Forest appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 409.62 M. Net Loss for the year was (48.8 M) with profit before overhead, payroll, taxes, and interest of 88.92 M. | |
| GreenFirst Forest generates negative cash flow from operations | |
| About 32.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: GreenFirst Forest Products Inc. Reports Earnings Results for the First Quarter Ended March 30, 2024 - Marketscreener.com |
GreenFirst Forest 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 GreenFirst Stock often depends not only on the future outlook of the current and potential GreenFirst Forest'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. GreenFirst Forest's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 177.6 M | |
| Cash And Short Term Investments | 2.4 M |
GreenFirst Forest Technical Analysis
GreenFirst Forest's future price can be derived by breaking down and analyzing its technical indicators over time. GreenFirst Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of GreenFirst Forest Products. In general, you should focus on analyzing GreenFirst Stock price patterns and their correlations with different microeconomic environments and drivers.
GreenFirst Forest Predictive Forecast Models
GreenFirst Forest's time-series forecasting models is one of many GreenFirst Forest'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 GreenFirst Forest'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 GreenFirst Forest
Checking the ongoing alerts about GreenFirst Forest for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for GreenFirst Forest help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| GreenFirst Forest is way too risky over 90 days horizon | |
| GreenFirst Forest appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 409.62 M. Net Loss for the year was (48.8 M) with profit before overhead, payroll, taxes, and interest of 88.92 M. | |
| GreenFirst Forest generates negative cash flow from operations | |
| About 32.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: GreenFirst Forest Products Inc. Reports Earnings Results for the First Quarter Ended March 30, 2024 - Marketscreener.com |
Other Information on Investing in GreenFirst Stock
GreenFirst Forest financial ratios help investors to determine whether GreenFirst 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 GreenFirst with respect to the benefits of owning GreenFirst Forest security.