Cano Health Stock Probability of Future Stock Price Finishing Over 0.24
| CANO Stock | USD 0.24 0.01 4.35% |
Cano |
Cano Health Target Price Odds to finish over 0.24
The tendency of Cano 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 |
| 0.24 | 90 days | 0.24 | about 76.86 |
Based on a normal probability distribution, the odds of Cano Health to move above the current price in 90 days from now is about 76.86 (This Cano Health probability density function shows the probability of Cano Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Cano Health has a beta of -0.23 suggesting as returns on the benchmark increase, returns on holding Cano Health are expected to decrease at a much lower rate. During a bear market, however, Cano Health is likely to outperform the market. Additionally Cano Health has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Cano Health Price Density |
| Price |
Predictive Modules for Cano Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cano Health. 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 Cano Health'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.
Cano Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cano Health is not an exception. The market had few large corrections towards the Cano Health'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 Cano Health, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cano Health within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -2.43 | |
β | Beta against NYSE Composite | -0.23 | |
σ | Overall volatility | 1.43 | |
Ir | Information ratio | -0.13 |
Cano Health 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 Cano Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cano Health can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cano Health is not yet fully synchronised with the market data | |
| Cano Health generated a negative expected return over the last 90 days | |
| Cano Health has high historical volatility and very poor performance | |
| Cano Health has some characteristics of a very speculative penny stock | |
| Cano Health has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 3.1 B. Net Loss for the year was (577.76 M) with profit before overhead, payroll, taxes, and interest of 421.69 M. | |
| Cano Health currently holds about 24.1 M in cash with (146.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Cano Health has a frail financial position based on the latest SEC disclosures | |
| Roughly 43.0% of the company shares are held by company insiders |
Cano Health 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 Cano Stock often depends not only on the future outlook of the current and potential Cano Health'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. Cano Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.2 M | |
| Cash And Short Term Investments | 27.3 M |
Cano Health Technical Analysis
Cano Health's future price can be derived by breaking down and analyzing its technical indicators over time. Cano Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cano Health. In general, you should focus on analyzing Cano Stock price patterns and their correlations with different microeconomic environments and drivers.
Cano Health Predictive Forecast Models
Cano Health's time-series forecasting models is one of many Cano Health'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 Cano Health'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 Cano Health
Checking the ongoing alerts about Cano Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cano Health help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cano Health is not yet fully synchronised with the market data | |
| Cano Health generated a negative expected return over the last 90 days | |
| Cano Health has high historical volatility and very poor performance | |
| Cano Health has some characteristics of a very speculative penny stock | |
| Cano Health has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 3.1 B. Net Loss for the year was (577.76 M) with profit before overhead, payroll, taxes, and interest of 421.69 M. | |
| Cano Health currently holds about 24.1 M in cash with (146.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Cano Health has a frail financial position based on the latest SEC disclosures | |
| Roughly 43.0% of the company shares are held by company insiders |
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 board of governors. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Cano Stock analysis
When running Cano Health's price analysis, check to measure Cano Health'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 Cano Health is operating at the current time. Most of Cano Health's value examination focuses on studying past and present price action to predict the probability of Cano Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cano Health's price. Additionally, you may evaluate how the addition of Cano Health to your portfolios can decrease your overall portfolio volatility.
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Is Cano Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cano Health. If investors know Cano will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cano Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (228.47) | Revenue Per Share 1.2 K | Quarterly Revenue Growth 0.185 | Return On Assets (0.14) | Return On Equity (4.29) |
The market value of Cano Health is measured differently than its book value, which is the value of Cano that is recorded on the company's balance sheet. Investors also form their own opinion of Cano Health's value that differs from its market value or its book value, called intrinsic value, which is Cano Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cano Health's market value can be influenced by many factors that don't directly affect Cano Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cano Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cano Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cano Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.