Pender Growth Stock Probability of Future Stock Price Finishing Under 7.95
| PTF Stock | CAD 11.06 0.01 0.09% |
Pender |
Pender Growth Target Price Odds to finish below 7.95
The tendency of Pender 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 drop to C$ 7.95 or more in 90 days |
| 11.06 | 90 days | 7.95 | near 1 |
Based on a normal probability distribution, the odds of Pender Growth to drop to C$ 7.95 or more in 90 days from now is near 1 (This Pender Growth probability density function shows the probability of Pender Stock to fall within a particular range of prices over 90 days) . Probability of Pender Growth price to stay between C$ 7.95 and its current price of C$11.06 at the end of the 90-day period is about 69.92 .
Assuming the 90 days horizon Pender Growth has a beta of -0.0155 indicating as returns on the benchmark increase, returns on holding Pender Growth are expected to decrease at a much lower rate. During a bear market, however, Pender Growth is likely to outperform the market. Additionally Pender Growth has an alpha of 0.028, implying that it can generate a 0.028 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Pender Growth Price Density |
| Price |
Predictive Modules for Pender Growth
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pender Growth. 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.Pender Growth Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Pender Growth is not an exception. The market had few large corrections towards the Pender Growth'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 Pender Growth, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Pender Growth within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 0.21 | |
Ir | Information ratio | -0.08 |
Pender Growth 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 Pender Growth for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Pender Growth can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Pender Growth has accumulated 175.9 K in total debt with debt to equity ratio (D/E) of 0.09, which may suggest the company is not taking enough advantage from borrowing. Pender Growth has a current ratio of 0.14, 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 Pender Growth until it has trouble settling it off, either with new capital or with free cash flow. So, Pender Growth'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 Pender Growth sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Pender to invest in growth at high rates of return. When we think about Pender Growth's use of debt, we should always consider it together with cash and equity. | |
| Latest headline from news.google.com: PenderFund Capital Management launches a new US SmallMid Cap Equity Fund - Yahoo Finance |
Pender Growth 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 Pender Stock often depends not only on the future outlook of the current and potential Pender Growth'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. Pender Growth's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7.5 M | |
| Cash And Short Term Investments | 1.1 M |
Pender Growth Technical Analysis
Pender Growth's future price can be derived by breaking down and analyzing its technical indicators over time. Pender Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Pender Growth. In general, you should focus on analyzing Pender Stock price patterns and their correlations with different microeconomic environments and drivers.
Pender Growth Predictive Forecast Models
Pender Growth's time-series forecasting models is one of many Pender Growth'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 Pender Growth'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 Pender Growth
Checking the ongoing alerts about Pender Growth for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Pender Growth help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Pender Growth has accumulated 175.9 K in total debt with debt to equity ratio (D/E) of 0.09, which may suggest the company is not taking enough advantage from borrowing. Pender Growth has a current ratio of 0.14, 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 Pender Growth until it has trouble settling it off, either with new capital or with free cash flow. So, Pender Growth'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 Pender Growth sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Pender to invest in growth at high rates of return. When we think about Pender Growth's use of debt, we should always consider it together with cash and equity. | |
| Latest headline from news.google.com: PenderFund Capital Management launches a new US SmallMid Cap Equity Fund - Yahoo Finance |
Additional Tools for Pender Stock Analysis
When running Pender Growth's price analysis, check to measure Pender Growth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pender Growth is operating at the current time. Most of Pender Growth's value examination focuses on studying past and present price action to predict the probability of Pender Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pender Growth's price. Additionally, you may evaluate how the addition of Pender Growth to your portfolios can decrease your overall portfolio volatility.