Franco Nevada Stock Probability of Future Stock Price Finishing Under 173.11
FNV Stock | CAD 167.69 2.35 1.38% |
Franco |
Franco Nevada Target Price Odds to finish below 173.11
The tendency of Franco 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$ 173.11 after 90 days |
167.69 | 90 days | 173.11 | about 89.35 |
Based on a normal probability distribution, the odds of Franco Nevada to stay under C$ 173.11 after 90 days from now is about 89.35 (This Franco Nevada probability density function shows the probability of Franco Stock to fall within a particular range of prices over 90 days) . Probability of Franco Nevada price to stay between its current price of C$ 167.69 and C$ 173.11 at the end of the 90-day period is about 16.28 .
Assuming the 90 days trading horizon Franco Nevada has a beta of 0.69. This usually indicates as returns on the market go up, Franco Nevada average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Franco Nevada will be expected to be much smaller as well. Additionally Franco Nevada has an alpha of 0.2681, implying that it can generate a 0.27 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Franco Nevada Price Density |
Price |
Predictive Modules for Franco Nevada
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Franco Nevada. 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 Franco Nevada'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.
Franco Nevada Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Franco Nevada is not an exception. The market had few large corrections towards the Franco Nevada'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 Franco Nevada, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Franco Nevada within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.27 | |
β | Beta against NYSE Composite | 0.69 | |
σ | Overall volatility | 8.56 | |
Ir | Information ratio | 0.17 |
Franco Nevada 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 Franco Nevada for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Franco Nevada can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.The company reported the revenue of 1.22 B. Net Loss for the year was (466.4 M) with profit before overhead, payroll, taxes, and interest of 1.14 B. | |
Over 82.0% of the company shares are owned by institutional investors | |
Latest headline from news.google.com: BTG or FNV Which Is the Better Value Stock Right Now - Yahoo Finance |
Franco Nevada 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 Franco Stock often depends not only on the future outlook of the current and potential Franco Nevada'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. Franco Nevada's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding | 192.2 M |
Franco Nevada Technical Analysis
Franco Nevada's future price can be derived by breaking down and analyzing its technical indicators over time. Franco Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Franco Nevada. In general, you should focus on analyzing Franco Stock price patterns and their correlations with different microeconomic environments and drivers.
Franco Nevada Predictive Forecast Models
Franco Nevada's time-series forecasting models is one of many Franco Nevada'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 Franco Nevada'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 Franco Nevada
Checking the ongoing alerts about Franco Nevada for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Franco Nevada help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The company reported the revenue of 1.22 B. Net Loss for the year was (466.4 M) with profit before overhead, payroll, taxes, and interest of 1.14 B. | |
Over 82.0% of the company shares are owned by institutional investors | |
Latest headline from news.google.com: BTG or FNV Which Is the Better Value Stock Right Now - Yahoo Finance |
Check out Franco Nevada Backtesting, Franco Nevada Valuation, Franco Nevada Correlation, Franco Nevada Hype Analysis, Franco Nevada Volatility, Franco Nevada History as well as Franco Nevada Performance. To learn how to invest in Franco Stock, please use our How to Invest in Franco Nevada guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Franco Stock analysis
When running Franco Nevada's price analysis, check to measure Franco Nevada'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 Franco Nevada is operating at the current time. Most of Franco Nevada's value examination focuses on studying past and present price action to predict the probability of Franco Nevada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Franco Nevada's price. Additionally, you may evaluate how the addition of Franco Nevada to your portfolios can decrease your overall portfolio volatility.
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