Conair Stock Chance of Future Pink Sheet Price Finishing Over 0.45
CNGA Stock | USD 0.45 0.00 0.00% |
Conair |
Conair Target Price Odds to finish over 0.45
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 move above the current price in 90 days |
0.45 | 90 days | 0.45 | about 87.75 |
Based on a normal probability distribution, the odds of Conair to move above the current price in 90 days from now is about 87.75 (This Conair probability density function shows the probability of Conair Pink Sheet to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Conair has a beta of 0.31 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 an alpha of 0.1276, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). 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.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 Dow Jones | 0.13 | |
β | Beta against Dow Jones | 0.31 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.04 |
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 has some characteristics of a very speculative penny stock | |
Latest headline from finance.yahoo.com: Fuel Cells for Marine Vessels Market to Grow by USD 234.6 Million , Driven by Demand for Alternate Propulsion and AI-Driven Transformation - Technavio |
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 has some characteristics of a very speculative penny stock | |
Latest headline from finance.yahoo.com: Fuel Cells for Marine Vessels Market to Grow by USD 234.6 Million , Driven by Demand for Alternate Propulsion and AI-Driven Transformation - Technavio |
Other Information on Investing in Conair Pink Sheet
Conair financial ratios help investors to determine whether Conair Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Conair with respect to the benefits of owning Conair security.