Conair Stock Chance of Future Pink Sheet Price Finishing Under 0.65
| CNGA Stock | USD 0.34 0.00 0.00% |
Conair |
Conair Target Price Odds to finish below 0.65
The tendency of Conair Pink Sheet 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 $ 0.65 after 90 days |
| 0.34 | 90 days | 0.65 | close to 99 |
Based on a normal probability distribution, the odds of Conair to stay under $ 0.65 after 90 days from now is close to 99 (This Conair probability density function shows the probability of Conair Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Conair price to stay between its current price of $ 0.34 and $ 0.65 at the end of the 90-day period is about 91.75 .
Given the investment horizon of 90 days Conair has a beta of 0.29 suggesting as returns on the market go up, Conair average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Conair will be expected to be much smaller as well. Additionally Conair has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Conair Price Density |
| Price |
Predictive Modules for Conair
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Conair. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Conair'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.
Conair Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Conair is not an exception. The market had few large corrections towards the Conair'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 Conair, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Conair within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.75 | |
β | Beta against NYSE Composite | 0.29 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | -0.2 |
Conair 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 Conair for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Conair can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Conair generated a negative expected return over the last 90 days | |
| Conair has some characteristics of a very speculative penny stock | |
| Conair has high historical volatility and very poor performance |
Conair Technical Analysis
Conair's future price can be derived by breaking down and analyzing its technical indicators over time. Conair Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Conair. In general, you should focus on analyzing Conair Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Conair Predictive Forecast Models
Conair's time-series forecasting models is one of many Conair's pink sheet 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 Conair'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Conair
Checking the ongoing alerts about Conair for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Conair help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Conair generated a negative expected return over the last 90 days | |
| Conair has some characteristics of a very speculative penny stock | |
| Conair has high historical volatility and very poor performance |
Check out Conair Backtesting, Conair Valuation, Conair Correlation, Conair Hype Analysis, Conair Volatility, Conair History as well as Conair Performance. Note that the Conair information on this page should be used as a complementary analysis to other Conair's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Conair Pink Sheet analysis
When running Conair's price analysis, check to measure Conair'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 Conair is operating at the current time. Most of Conair's value examination focuses on studying past and present price action to predict the probability of Conair's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conair's price. Additionally, you may evaluate how the addition of Conair to your portfolios can decrease your overall portfolio volatility.
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