Prairiesky Royalty Stock Probability of Future Stock Price Finishing Under 29.52
| PSK Stock | CAD 29.52 0.73 2.41% |
PrairieSky |
PrairieSky Royalty Target Price Odds to finish below 29.52
The tendency of PrairieSky 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 below current price in 90 days |
| 29.52 | 90 days | 29.52 | about 92.91 |
Based on a normal probability distribution, the odds of PrairieSky Royalty to move below current price in 90 days from now is about 92.91 (This PrairieSky Royalty probability density function shows the probability of PrairieSky Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon PrairieSky Royalty has a beta of 0.27 indicating as returns on the market go up, PrairieSky Royalty average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PrairieSky Royalty will be expected to be much smaller as well. Additionally PrairieSky Royalty has an alpha of 0.107, implying that it can generate a 0.11 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). PrairieSky Royalty Price Density |
| Price |
Predictive Modules for PrairieSky Royalty
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PrairieSky Royalty. 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.PrairieSky Royalty Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PrairieSky Royalty is not an exception. The market had few large corrections towards the PrairieSky Royalty'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 PrairieSky Royalty, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PrairieSky Royalty within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.11 | |
β | Beta against Dow Jones | 0.27 | |
σ | Overall volatility | 1.07 | |
Ir | Information ratio | 0.01 |
PrairieSky Royalty 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 PrairieSky Royalty for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PrairieSky Royalty can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PrairieSky Royalty has accumulated 188.1 M in total debt with debt to equity ratio (D/E) of 0.03, which may suggest the company is not taking enough advantage from borrowing. PrairieSky Royalty has a current ratio of 0.27, 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 PrairieSky Royalty until it has trouble settling it off, either with new capital or with free cash flow. So, PrairieSky Royalty'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 PrairieSky Royalty sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for PrairieSky to invest in growth at high rates of return. When we think about PrairieSky Royalty's use of debt, we should always consider it together with cash and equity. | |
| About 66.0% of PrairieSky Royalty shares are owned by institutional investors |
PrairieSky Royalty 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 PrairieSky Stock often depends not only on the future outlook of the current and potential PrairieSky Royalty'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. PrairieSky Royalty's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 239 M |
PrairieSky Royalty Technical Analysis
PrairieSky Royalty's future price can be derived by breaking down and analyzing its technical indicators over time. PrairieSky Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PrairieSky Royalty. In general, you should focus on analyzing PrairieSky Stock price patterns and their correlations with different microeconomic environments and drivers.
PrairieSky Royalty Predictive Forecast Models
PrairieSky Royalty's time-series forecasting models is one of many PrairieSky Royalty'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 PrairieSky Royalty'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 PrairieSky Royalty
Checking the ongoing alerts about PrairieSky Royalty for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PrairieSky Royalty help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PrairieSky Royalty has accumulated 188.1 M in total debt with debt to equity ratio (D/E) of 0.03, which may suggest the company is not taking enough advantage from borrowing. PrairieSky Royalty has a current ratio of 0.27, 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 PrairieSky Royalty until it has trouble settling it off, either with new capital or with free cash flow. So, PrairieSky Royalty'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 PrairieSky Royalty sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for PrairieSky to invest in growth at high rates of return. When we think about PrairieSky Royalty's use of debt, we should always consider it together with cash and equity. | |
| About 66.0% of PrairieSky Royalty shares are owned by institutional investors |
Other Information on Investing in PrairieSky Stock
PrairieSky Royalty financial ratios help investors to determine whether PrairieSky 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 PrairieSky with respect to the benefits of owning PrairieSky Royalty security.