Canadian Utilities Limited Stock Probability of Future Stock Price Finishing Under 32.52
| CU Stock | CAD 36.50 0.41 1.14% |
Canadian |
Canadian Utilities Target Price Odds to finish below 32.52
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$ 32.52 or more in 90 days |
| 36.50 | 90 days | 32.52 | near 1 |
Based on a normal probability distribution, the odds of Canadian Utilities to drop to C$ 32.52 or more in 90 days from now is near 1 (This Canadian Utilities Limited probability density function shows the probability of Canadian Stock to fall within a particular range of prices over 90 days) . Probability of Canadian Utilities price to stay between C$ 32.52 and its current price of C$36.5 at the end of the 90-day period is over 95.65 .
Assuming the 90 days horizon Canadian Utilities has a beta of 0.0531 suggesting as returns on the market go up, Canadian Utilities average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canadian Utilities Limited will be expected to be much smaller as well. Additionally Canadian Utilities Limited has an alpha of 0.0766, implying that it can generate a 0.0766 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Canadian Utilities Price Density |
| Price |
Predictive Modules for Canadian Utilities
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 Utilities. 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 Utilities' 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 Utilities Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canadian Utilities is not an exception. The market had few large corrections towards the Canadian Utilities' 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 Utilities Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canadian Utilities within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | 0.05 | |
σ | Overall volatility | 0.66 | |
Ir | Information ratio | -0.04 |
Canadian Utilities 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 Utilities for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canadian Utilities can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 38.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: While individual investors own 37 percent of Canadian Utilities Limited , private companies are its largest shareholders with 53 percent ownership - Yahoo Finance |
Canadian Utilities 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 Utilities' 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 Utilities' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 270.3 M | |
| Cash And Short Term Investments | 407 M |
Canadian Utilities Technical Analysis
Canadian Utilities' 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 Utilities Limited. In general, you should focus on analyzing Canadian Stock price patterns and their correlations with different microeconomic environments and drivers.
Canadian Utilities Predictive Forecast Models
Canadian Utilities' time-series forecasting models is one of many Canadian Utilities' 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 Utilities' 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 Utilities
Checking the ongoing alerts about Canadian Utilities for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canadian Utilities help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 38.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: While individual investors own 37 percent of Canadian Utilities Limited , private companies are its largest shareholders with 53 percent ownership - Yahoo Finance |
Other Information on Investing in Canadian Stock
Canadian Utilities financial ratios help investors to determine whether Canadian Stock 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 Canadian with respect to the benefits of owning Canadian Utilities security.