Calfrac Well Services Stock Probability of Future Stock Price Finishing Over 5.78
| CFW Stock | CAD 4.60 0.07 1.50% |
Calfrac |
Calfrac Well Target Price Odds to finish over 5.78
The tendency of Calfrac 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$ 5.78 or more in 90 days |
| 4.60 | 90 days | 5.78 | near 1 |
Based on a normal probability distribution, the odds of Calfrac Well to move over C$ 5.78 or more in 90 days from now is near 1 (This Calfrac Well Services probability density function shows the probability of Calfrac Stock to fall within a particular range of prices over 90 days) . Probability of Calfrac Well Services price to stay between its current price of C$ 4.60 and C$ 5.78 at the end of the 90-day period is about 57.73 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.05 suggesting Calfrac Well Services market returns are highly reactive to returns on the market. As the market goes up or down, Calfrac Well is expected to follow. Additionally Calfrac Well Services has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Calfrac Well Price Density |
| Price |
Predictive Modules for Calfrac Well
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Calfrac Well Services. 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 Calfrac Well'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.
Calfrac Well Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Calfrac Well is not an exception. The market had few large corrections towards the Calfrac Well'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 Calfrac Well Services, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Calfrac Well within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.06 | |
β | Beta against NYSE Composite | 1.05 | |
σ | Overall volatility | 0.43 | |
Ir | Information ratio | -0.02 |
Calfrac Well 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 Calfrac Well for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Calfrac Well Services can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Calfrac Well generated a negative expected return over the last 90 days | |
| About 47.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Atb Cap Markets Comments on Calfrac Well Services Ltd.s Q3 2024 Earnings - MarketBeat |
Calfrac Well 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 Calfrac Stock often depends not only on the future outlook of the current and potential Calfrac Well'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. Calfrac Well's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 84.6 M | |
| Cash And Short Term Investments | 8.5 M |
Calfrac Well Technical Analysis
Calfrac Well's future price can be derived by breaking down and analyzing its technical indicators over time. Calfrac Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Calfrac Well Services. In general, you should focus on analyzing Calfrac Stock price patterns and their correlations with different microeconomic environments and drivers.
Calfrac Well Predictive Forecast Models
Calfrac Well's time-series forecasting models is one of many Calfrac Well'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 Calfrac Well'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 Calfrac Well Services
Checking the ongoing alerts about Calfrac Well for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Calfrac Well Services help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Calfrac Well generated a negative expected return over the last 90 days | |
| About 47.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Atb Cap Markets Comments on Calfrac Well Services Ltd.s Q3 2024 Earnings - MarketBeat |
Check out Calfrac Well Backtesting, Calfrac Well Valuation, Calfrac Well Correlation, Calfrac Well Hype Analysis, Calfrac Well Volatility, Calfrac Well History as well as Calfrac Well Performance. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Calfrac Stock analysis
When running Calfrac Well's price analysis, check to measure Calfrac Well'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 Calfrac Well is operating at the current time. Most of Calfrac Well's value examination focuses on studying past and present price action to predict the probability of Calfrac Well's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Calfrac Well's price. Additionally, you may evaluate how the addition of Calfrac Well to your portfolios can decrease your overall portfolio volatility.
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