Canada Goose Holdings Stock Probability of Future Stock Price Finishing Under 11.24
| GOOS Stock | USD 11.29 0.25 2.17% |
Closest to current price Canada long CALL Option Payoff at Expiration
Canada |
Canada Goose Target Price Odds to finish below 11.24
The tendency of Canada 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 drop to $ 11.24 or more in 90 days |
| 11.29 | 90 days | 11.24 | about 11.69 |
Based on a normal probability distribution, the odds of Canada Goose to drop to $ 11.24 or more in 90 days from now is about 11.69 (This Canada Goose Holdings probability density function shows the probability of Canada Stock to fall within a particular range of prices over 90 days) . Probability of Canada Goose Holdings price to stay between $ 11.24 and its current price of $11.29 at the end of the 90-day period is about 1.19 .
Given the investment horizon of 90 days Canada Goose Holdings has a beta of -0.96. This usually indicates Additionally Canada Goose Holdings has an alpha of 0.0529, implying that it can generate a 0.0529 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Canada Goose Price Density |
| Price |
Predictive Modules for Canada Goose
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canada Goose Holdings. 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 Canada Goose'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.
Canada Goose Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canada Goose is not an exception. The market had few large corrections towards the Canada Goose'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 Canada Goose Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canada Goose within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.05 | |
β | Beta against NYSE Composite | -0.96 | |
σ | Overall volatility | 0.86 | |
Ir | Information ratio | -0.01 |
Canada Goose 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 Canada Goose for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canada Goose Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canada Goose generated a negative expected return over the last 90 days | |
| Canada Goose is unlikely to experience financial distress in the next 2 years | |
| Canada Goose has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from pymnts.com: Vinted Solves Resale Profitability Problem by Spreading Its Income Sources |
Canada Goose 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 Canada Stock often depends not only on the future outlook of the current and potential Canada Goose'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. Canada Goose's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 105.6 M | |
| Cash And Short Term Investments | 286.5 M |
Canada Goose Technical Analysis
Canada Goose's future price can be derived by breaking down and analyzing its technical indicators over time. Canada Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canada Goose Holdings. In general, you should focus on analyzing Canada Stock price patterns and their correlations with different microeconomic environments and drivers.
Canada Goose Predictive Forecast Models
Canada Goose's time-series forecasting models is one of many Canada Goose'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 Canada Goose'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 Canada Goose Holdings
Checking the ongoing alerts about Canada Goose for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canada Goose Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canada Goose generated a negative expected return over the last 90 days | |
| Canada Goose is unlikely to experience financial distress in the next 2 years | |
| Canada Goose has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from pymnts.com: Vinted Solves Resale Profitability Problem by Spreading Its Income Sources |
Check out Canada Goose Backtesting, Canada Goose Valuation, Canada Goose Correlation, Canada Goose Hype Analysis, Canada Goose Volatility, Canada Goose History as well as Canada Goose Performance. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Canada Stock analysis
When running Canada Goose's price analysis, check to measure Canada Goose'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 Canada Goose is operating at the current time. Most of Canada Goose's value examination focuses on studying past and present price action to predict the probability of Canada Goose's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canada Goose's price. Additionally, you may evaluate how the addition of Canada Goose to your portfolios can decrease your overall portfolio volatility.
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Is Canada Goose'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 Canada Goose. If investors know Canada 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 Canada Goose listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.008 | Earnings Share 0.36 | Revenue Per Share 12.352 | Quarterly Revenue Growth 0.058 | Return On Assets 0.0416 |
The market value of Canada Goose Holdings is measured differently than its book value, which is the value of Canada that is recorded on the company's balance sheet. Investors also form their own opinion of Canada Goose's value that differs from its market value or its book value, called intrinsic value, which is Canada Goose'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 Canada Goose's market value can be influenced by many factors that don't directly affect Canada Goose'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 Canada Goose's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canada Goose is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canada Goose'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.