Century Casinos Stock Probability of Future Stock Price Finishing Under 3.85
| CNTY Stock | USD 3.85 0.03 0.79% |
Century |
Century Casinos Target Price Odds to finish below 3.85
The tendency of Century 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 below current price in 90 days |
| 3.85 | 90 days | 3.85 | about 73.17 |
Based on a normal probability distribution, the odds of Century Casinos to move below current price in 90 days from now is about 73.17 (This Century Casinos probability density function shows the probability of Century Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Century Casinos has a beta of 0.41 suggesting as returns on the market go up, Century Casinos average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Century Casinos will be expected to be much smaller as well. Additionally Century Casinos has an alpha of 0.7825, implying that it can generate a 0.78 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Century Casinos Price Density |
| Price |
Predictive Modules for Century Casinos
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Century Casinos. 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 Century Casinos' 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.
Century Casinos Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Century Casinos is not an exception. The market had few large corrections towards the Century Casinos' 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 Century Casinos, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Century Casinos within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.78 | |
β | Beta against Dow Jones | 0.41 | |
σ | Overall volatility | 0.79 | |
Ir | Information ratio | 0.19 |
Century Casinos 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 Century Casinos for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Century Casinos can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Century Casinos appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 550.21 M. Net Loss for the year was (28.2 M) with profit before overhead, payroll, taxes, and interest of 199.09 M. | |
| About 59.0% of the company shares are held by institutions such as insurance companies |
Century Casinos 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 Century Stock often depends not only on the future outlook of the current and potential Century Casinos' 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. Century Casinos' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 30.3 M | |
| Cash And Short Term Investments | 171.3 M |
Century Casinos Technical Analysis
Century Casinos' future price can be derived by breaking down and analyzing its technical indicators over time. Century Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Century Casinos. In general, you should focus on analyzing Century Stock price patterns and their correlations with different microeconomic environments and drivers.
Century Casinos Predictive Forecast Models
Century Casinos' time-series forecasting models is one of many Century Casinos' 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 Century Casinos' 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 Century Casinos
Checking the ongoing alerts about Century Casinos for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Century Casinos help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Century Casinos appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 550.21 M. Net Loss for the year was (28.2 M) with profit before overhead, payroll, taxes, and interest of 199.09 M. | |
| About 59.0% of the company shares are held by institutions such as insurance companies |
Additional Tools for Century Stock Analysis
When running Century Casinos' price analysis, check to measure Century Casinos' 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 Century Casinos is operating at the current time. Most of Century Casinos' value examination focuses on studying past and present price action to predict the probability of Century Casinos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Casinos' price. Additionally, you may evaluate how the addition of Century Casinos to your portfolios can decrease your overall portfolio volatility.