Canso Credit Trust Stock Probability of Future Stock Price Finishing Over 17.15
| PBY-UN Stock | CAD 15.78 0.02 0.13% |
Canso |
Canso Credit Target Price Odds to finish over 17.15
The tendency of Canso 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$ 17.15 or more in 90 days |
| 15.78 | 90 days | 17.15 | near 1 |
Based on a normal probability distribution, the odds of Canso Credit to move over C$ 17.15 or more in 90 days from now is near 1 (This Canso Credit Trust probability density function shows the probability of Canso Stock to fall within a particular range of prices over 90 days) . Probability of Canso Credit Trust price to stay between its current price of C$ 15.78 and C$ 17.15 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Canso Credit has a beta of 0.0061 indicating as returns on the market go up, Canso Credit average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canso Credit Trust will be expected to be much smaller as well. Additionally Canso Credit Trust has an alpha of 0.0622, implying that it can generate a 0.0622 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Canso Credit Price Density |
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Predictive Modules for Canso Credit
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canso Credit Trust. 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 Canso Credit'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.
Canso Credit Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canso Credit is not an exception. The market had few large corrections towards the Canso Credit'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 Canso Credit Trust, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canso Credit within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | 0.01 | |
σ | Overall volatility | 0.18 | |
Ir | Information ratio | -0.12 |
Canso Credit 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 Canso Credit for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canso Credit Trust can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 27.0% of the company outstanding shares are owned by corporate insiders | |
| On 10th of December 2024 Canso Credit paid C$ 0.0417 per share dividend to its current shareholders |
Canso Credit 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 Canso Stock often depends not only on the future outlook of the current and potential Canso Credit'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. Canso Credit's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 9.3 M | |
| Cash And Short Term Investments | 235.2 K |
Canso Credit Technical Analysis
Canso Credit's future price can be derived by breaking down and analyzing its technical indicators over time. Canso Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canso Credit Trust. In general, you should focus on analyzing Canso Stock price patterns and their correlations with different microeconomic environments and drivers.
Canso Credit Predictive Forecast Models
Canso Credit's time-series forecasting models is one of many Canso Credit'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 Canso Credit'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 Canso Credit Trust
Checking the ongoing alerts about Canso Credit for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canso Credit Trust help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 27.0% of the company outstanding shares are owned by corporate insiders | |
| On 10th of December 2024 Canso Credit paid C$ 0.0417 per share dividend to its current shareholders |
Other Information on Investing in Canso Stock
Canso Credit financial ratios help investors to determine whether Canso 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 Canso with respect to the benefits of owning Canso Credit security.