Canadian Spirit Resources Stock Probability of Future Stock Price Finishing Under 0.07
| SPI Stock | CAD 0.09 0.01 12.50% |
Canadian |
Canadian Spirit Target Price Odds to finish below 0.07
The tendency of Canadian 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 C$ 0.07 or more in 90 days |
| 0.09 | 90 days | 0.07 | about 6.46 |
Based on a normal probability distribution, the odds of Canadian Spirit to drop to C$ 0.07 or more in 90 days from now is about 6.46 (This Canadian Spirit Resources probability density function shows the probability of Canadian Stock to fall within a particular range of prices over 90 days) . Probability of Canadian Spirit Resources price to stay between C$ 0.07 and its current price of C$0.09 at the end of the 90-day period is about 72.74 .
Assuming the 90 days horizon Canadian Spirit Resources has a beta of -0.89. This usually implies Additionally Canadian Spirit Resources has an alpha of 0.8881, implying that it can generate a 0.89 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Canadian Spirit Price Density |
| Price |
Predictive Modules for Canadian Spirit
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canadian Spirit Resources. 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 Canadian Spirit'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.
Canadian Spirit Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canadian Spirit is not an exception. The market had few large corrections towards the Canadian Spirit'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 Canadian Spirit Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canadian Spirit within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.89 | |
β | Beta against NYSE Composite | -0.89 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.11 |
Canadian Spirit 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 Canadian Spirit for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canadian Spirit Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canadian Spirit generated a negative expected return over the last 90 days | |
| Canadian Spirit has high historical volatility and very poor performance | |
| Canadian Spirit has some characteristics of a very speculative penny stock | |
| Canadian Spirit has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 284.01 K. Net Loss for the year was (1.83 M) with loss before overhead, payroll, taxes, and interest of (162.7 K). | |
| Canadian Spirit Resources has accumulated about 1.65 M in cash with (1.33 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 63.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Closing Bell Canadian Spirit Resources Inc down on Monday - The Globe and Mail |
Canadian Spirit 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 Canadian Stock often depends not only on the future outlook of the current and potential Canadian Spirit'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. Canadian Spirit's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 268.2 M |
Canadian Spirit Technical Analysis
Canadian Spirit's future price can be derived by breaking down and analyzing its technical indicators over time. Canadian Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canadian Spirit Resources. In general, you should focus on analyzing Canadian Stock price patterns and their correlations with different microeconomic environments and drivers.
Canadian Spirit Predictive Forecast Models
Canadian Spirit's time-series forecasting models is one of many Canadian Spirit'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 Canadian Spirit'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 Canadian Spirit Resources
Checking the ongoing alerts about Canadian Spirit for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canadian Spirit Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canadian Spirit generated a negative expected return over the last 90 days | |
| Canadian Spirit has high historical volatility and very poor performance | |
| Canadian Spirit has some characteristics of a very speculative penny stock | |
| Canadian Spirit has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 284.01 K. Net Loss for the year was (1.83 M) with loss before overhead, payroll, taxes, and interest of (162.7 K). | |
| Canadian Spirit Resources has accumulated about 1.65 M in cash with (1.33 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 63.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Closing Bell Canadian Spirit Resources Inc down on Monday - The Globe and Mail |
Check out Canadian Spirit Backtesting, Canadian Spirit Valuation, Canadian Spirit Correlation, Canadian Spirit Hype Analysis, Canadian Spirit Volatility, Canadian Spirit History as well as Canadian Spirit Performance. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Canadian Stock analysis
When running Canadian Spirit's price analysis, check to measure Canadian Spirit'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 Canadian Spirit is operating at the current time. Most of Canadian Spirit's value examination focuses on studying past and present price action to predict the probability of Canadian Spirit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Spirit's price. Additionally, you may evaluate how the addition of Canadian Spirit to your portfolios can decrease your overall portfolio volatility.
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