Pollard Banknote Limited Stock Probability of Future Stock Price Finishing Over 28.27
| PBL Stock | CAD 25.40 0.10 0.40% |
Pollard |
Pollard Banknote Target Price Odds to finish over 28.27
The tendency of Pollard 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$ 28.27 or more in 90 days |
| 25.40 | 90 days | 28.27 | near 1 |
Based on a normal probability distribution, the odds of Pollard Banknote to move over C$ 28.27 or more in 90 days from now is near 1 (This Pollard Banknote Limited probability density function shows the probability of Pollard Stock to fall within a particular range of prices over 90 days) . Probability of Pollard Banknote price to stay between its current price of C$ 25.40 and C$ 28.27 at the end of the 90-day period is about 31.62 .
Assuming the 90 days trading horizon Pollard Banknote Limited has a beta of -0.44 indicating as returns on the benchmark increase, returns on holding Pollard Banknote are expected to decrease at a much lower rate. During a bear market, however, Pollard Banknote Limited is likely to outperform the market. Additionally Pollard Banknote Limited has an alpha of 0.2894, implying that it can generate a 0.29 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Pollard Banknote Price Density |
| Price |
Predictive Modules for Pollard Banknote
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pollard Banknote. 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.Pollard Banknote Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Pollard Banknote is not an exception. The market had few large corrections towards the Pollard Banknote'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 Pollard Banknote Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Pollard Banknote within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.29 | |
β | Beta against Dow Jones | -0.44 | |
σ | Overall volatility | 1.50 | |
Ir | Information ratio | 0.05 |
Pollard Banknote 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 Pollard Banknote for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Pollard Banknote can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Pollard Banknote had very high historical volatility over the last 90 days | |
| Pollard Banknote has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 64.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: POLLARD BANKNOTE CONGRATULATES SLOVAKIAS NIK ON RECORD-BREAKING INSTANT TICKET SALES - Marketscreener.com |
Pollard Banknote 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 Pollard Stock often depends not only on the future outlook of the current and potential Pollard Banknote'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. Pollard Banknote's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 27.4 M | |
| Cash And Short Term Investments | 29.3 M |
Pollard Banknote Technical Analysis
Pollard Banknote's future price can be derived by breaking down and analyzing its technical indicators over time. Pollard Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Pollard Banknote Limited. In general, you should focus on analyzing Pollard Stock price patterns and their correlations with different microeconomic environments and drivers.
Pollard Banknote Predictive Forecast Models
Pollard Banknote's time-series forecasting models is one of many Pollard Banknote'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 Pollard Banknote'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 Pollard Banknote
Checking the ongoing alerts about Pollard Banknote for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Pollard Banknote help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Pollard Banknote had very high historical volatility over the last 90 days | |
| Pollard Banknote has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 64.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: POLLARD BANKNOTE CONGRATULATES SLOVAKIAS NIK ON RECORD-BREAKING INSTANT TICKET SALES - Marketscreener.com |
Other Information on Investing in Pollard Stock
Pollard Banknote financial ratios help investors to determine whether Pollard 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 Pollard with respect to the benefits of owning Pollard Banknote security.