Prairie Provident Resources Stock Probability of Future Stock Price Finishing Under 0.085
| PPR Stock | CAD 0.03 0.01 14.29% |
Prairie |
Prairie Provident Target Price Odds to finish below 0.085
The tendency of Prairie 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$ 0.09 after 90 days |
| 0.03 | 90 days | 0.09 | close to 99 |
Based on a normal probability distribution, the odds of Prairie Provident to stay under C$ 0.09 after 90 days from now is close to 99 (This Prairie Provident Resources probability density function shows the probability of Prairie Stock to fall within a particular range of prices over 90 days) . Probability of Prairie Provident price to stay between its current price of C$ 0.03 and C$ 0.09 at the end of the 90-day period is about 80.91 .
Assuming the 90 days trading horizon Prairie Provident has a beta of 0.97 indicating Prairie Provident Resources market returns are highly reactive to returns on the market. As the market goes up or down, Prairie Provident is expected to follow. Additionally Prairie Provident Resources has an alpha of 0.6292, implying that it can generate a 0.63 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Prairie Provident Price Density |
| Price |
Predictive Modules for Prairie Provident
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prairie Provident. 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.Prairie Provident Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Prairie Provident is not an exception. The market had few large corrections towards the Prairie Provident'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 Prairie Provident Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Prairie Provident within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.63 | |
β | Beta against Dow Jones | 0.97 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.04 |
Prairie Provident 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 Prairie Provident for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Prairie Provident can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Prairie Provident generated a negative expected return over the last 90 days | |
| Prairie Provident has high historical volatility and very poor performance | |
| Prairie Provident has some characteristics of a very speculative penny stock | |
| Prairie Provident has a very high chance of going through financial distress in the upcoming years | |
| Prairie Provident has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Prairie Provident Resources has accumulated 77.77 M in total debt with debt to equity ratio (D/E) of 434.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Prairie Provident has a current ratio of 0.73, 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 Prairie Provident until it has trouble settling it off, either with new capital or with free cash flow. So, Prairie Provident'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 Prairie Provident sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Prairie to invest in growth at high rates of return. When we think about Prairie Provident's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 67.93 M. Net Loss for the year was (20.12 M) with profit before overhead, payroll, taxes, and interest of 43.3 M. | |
| Prairie Provident Resources has accumulated about 1.4 M in cash with (10.65 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 80.0% of Prairie Provident outstanding shares are owned by corporate insiders |
Prairie Provident 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 Prairie Stock often depends not only on the future outlook of the current and potential Prairie Provident'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. Prairie Provident's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 497.3 M | |
| Cash And Short Term Investments | 1.8 M |
Prairie Provident Technical Analysis
Prairie Provident's future price can be derived by breaking down and analyzing its technical indicators over time. Prairie Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Prairie Provident Resources. In general, you should focus on analyzing Prairie Stock price patterns and their correlations with different microeconomic environments and drivers.
Prairie Provident Predictive Forecast Models
Prairie Provident's time-series forecasting models is one of many Prairie Provident'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 Prairie Provident'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 Prairie Provident
Checking the ongoing alerts about Prairie Provident for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Prairie Provident help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Prairie Provident generated a negative expected return over the last 90 days | |
| Prairie Provident has high historical volatility and very poor performance | |
| Prairie Provident has some characteristics of a very speculative penny stock | |
| Prairie Provident has a very high chance of going through financial distress in the upcoming years | |
| Prairie Provident has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Prairie Provident Resources has accumulated 77.77 M in total debt with debt to equity ratio (D/E) of 434.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Prairie Provident has a current ratio of 0.73, 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 Prairie Provident until it has trouble settling it off, either with new capital or with free cash flow. So, Prairie Provident'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 Prairie Provident sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Prairie to invest in growth at high rates of return. When we think about Prairie Provident's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 67.93 M. Net Loss for the year was (20.12 M) with profit before overhead, payroll, taxes, and interest of 43.3 M. | |
| Prairie Provident Resources has accumulated about 1.4 M in cash with (10.65 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 80.0% of Prairie Provident outstanding shares are owned by corporate insiders |
Other Information on Investing in Prairie Stock
Prairie Provident financial ratios help investors to determine whether Prairie 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 Prairie with respect to the benefits of owning Prairie Provident security.