Roots Corp Stock Probability of Future Stock Price Finishing Over 4.52
| ROOT Stock | CAD 2.18 0.03 1.36% |
Roots |
Roots Corp Target Price Odds to finish over 4.52
The tendency of Roots 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$ 4.52 or more in 90 days |
| 2.18 | 90 days | 4.52 | close to zero percent |
Based on a normal probability distribution, the odds of Roots Corp to move over C$ 4.52 or more in 90 days from now is close to zero percent (This Roots Corp probability density function shows the probability of Roots Stock to fall within a particular range of prices over 90 days) . Probability of Roots Corp price to stay between its current price of C$ 2.18 and C$ 4.52 at the end of the 90-day period is about 14.37 .
Assuming the 90 days trading horizon Roots Corp has a beta of -0.64 indicating as returns on the benchmark increase, returns on holding Roots Corp are expected to decrease at a much lower rate. During a bear market, however, Roots Corp is likely to outperform the market. Additionally Roots Corp has an alpha of 0.1489, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Roots Corp Price Density |
| Price |
Predictive Modules for Roots Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Roots Corp. 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.Roots Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Roots Corp is not an exception. The market had few large corrections towards the Roots Corp'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 Roots Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Roots Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | -0.64 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | -0.02 |
Roots Corp 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 Roots Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Roots Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Roots Corp is unlikely to experience financial distress in the next 2 years | |
| Roots Corp has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Roots Corp has accumulated 124.88 M in total debt with debt to equity ratio (D/E) of 127.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Roots Corp has a current ratio of 0.86, 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 Roots Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Roots Corp'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 Roots Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Roots to invest in growth at high rates of return. When we think about Roots Corp's use of debt, we should always consider it together with cash and equity. | |
| About 14.0% of Roots Corp outstanding shares are owned by corporate insiders |
Roots Corp 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 Roots Stock often depends not only on the future outlook of the current and potential Roots Corp'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. Roots Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 41 M | |
| Cash And Short Term Investments | 28 M |
Roots Corp Technical Analysis
Roots Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Roots Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Roots Corp. In general, you should focus on analyzing Roots Stock price patterns and their correlations with different microeconomic environments and drivers.
Roots Corp Predictive Forecast Models
Roots Corp's time-series forecasting models is one of many Roots Corp'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 Roots Corp'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 Roots Corp
Checking the ongoing alerts about Roots Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Roots Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Roots Corp is unlikely to experience financial distress in the next 2 years | |
| Roots Corp has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Roots Corp has accumulated 124.88 M in total debt with debt to equity ratio (D/E) of 127.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Roots Corp has a current ratio of 0.86, 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 Roots Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Roots Corp'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 Roots Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Roots to invest in growth at high rates of return. When we think about Roots Corp's use of debt, we should always consider it together with cash and equity. | |
| About 14.0% of Roots Corp outstanding shares are owned by corporate insiders |
Other Information on Investing in Roots Stock
Roots Corp financial ratios help investors to determine whether Roots 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 Roots with respect to the benefits of owning Roots Corp security.