Absolute Software Probability of Future Stock Price Finishing Over 11.49
| ABSTDelisted Stock | USD 11.49 0.00 0.00% |
Absolute |
Absolute Software Target Price Odds to finish over 11.49
The tendency of Absolute 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 above the current price in 90 days |
| 11.49 | 90 days | 11.49 | about 27.67 |
Based on a normal probability distribution, the odds of Absolute Software to move above the current price in 90 days from now is about 27.67 (This Absolute Software probability density function shows the probability of Absolute Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.26 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Absolute Software will likely underperform. Additionally Absolute Software has an alpha of 0.5723, implying that it can generate a 0.57 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Absolute Software Price Density |
| Price |
Predictive Modules for Absolute Software
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Absolute Software. 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 Absolute Software'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.
Absolute Software Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Absolute Software is not an exception. The market had few large corrections towards the Absolute Software'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 Absolute Software, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Absolute Software within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.57 | |
β | Beta against NYSE Composite | 1.26 | |
σ | Overall volatility | 1.35 | |
Ir | Information ratio | 0.14 |
Absolute Software 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 Absolute Software for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Absolute Software can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Absolute Software is not yet fully synchronised with the market data | |
| Absolute Software has a very high chance of going through financial distress in the upcoming years | |
| The company currently holds 277.14 M in liabilities. Absolute Software has a current ratio of 0.76, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Absolute Software until it has trouble settling it off, either with new capital or with free cash flow. So, Absolute Software'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 Absolute Software sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Absolute to invest in growth at high rates of return. When we think about Absolute Software's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 197.31 M. Net Loss for the year was (24.48 M) with profit before overhead, payroll, taxes, and interest of 160.54 M. | |
| Over 82.0% of the company shares are held by institutions such as insurance companies |
Absolute Software 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 Absolute Stock often depends not only on the future outlook of the current and potential Absolute Software'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. Absolute Software's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 50.4 M | |
| Cash And Short Term Investments | 64 M |
Absolute Software Technical Analysis
Absolute Software's future price can be derived by breaking down and analyzing its technical indicators over time. Absolute Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Absolute Software. In general, you should focus on analyzing Absolute Stock price patterns and their correlations with different microeconomic environments and drivers.
Absolute Software Predictive Forecast Models
Absolute Software's time-series forecasting models is one of many Absolute Software'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 Absolute Software'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 Absolute Software
Checking the ongoing alerts about Absolute Software for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Absolute Software help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Absolute Software is not yet fully synchronised with the market data | |
| Absolute Software has a very high chance of going through financial distress in the upcoming years | |
| The company currently holds 277.14 M in liabilities. Absolute Software has a current ratio of 0.76, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Absolute Software until it has trouble settling it off, either with new capital or with free cash flow. So, Absolute Software'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 Absolute Software sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Absolute to invest in growth at high rates of return. When we think about Absolute Software's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 197.31 M. Net Loss for the year was (24.48 M) with profit before overhead, payroll, taxes, and interest of 160.54 M. | |
| Over 82.0% of the company shares are held by institutions such as insurance companies |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Other Consideration for investing in Absolute Stock
If you are still planning to invest in Absolute Software check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Absolute Software's history and understand the potential risks before investing.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |