Hydro One Stock Probability of Future Stock Price Finishing Under 43.31
| H Stock | CAD 45.80 0.10 0.22% |
Hydro |
Hydro One Target Price Odds to finish below 43.31
The tendency of Hydro 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$ 43.31 or more in 90 days |
| 45.80 | 90 days | 43.31 | about 1.44 |
Based on a normal probability distribution, the odds of Hydro One to drop to C$ 43.31 or more in 90 days from now is about 1.44 (This Hydro One probability density function shows the probability of Hydro Stock to fall within a particular range of prices over 90 days) . Probability of Hydro One price to stay between C$ 43.31 and its current price of C$45.8 at the end of the 90-day period is about 58.09 .
Given the investment horizon of 90 days Hydro One has a beta of 0.17. This usually indicates as returns on the market go up, Hydro One average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Hydro One will be expected to be much smaller as well. Additionally Hydro One has an alpha of 0.0171, implying that it can generate a 0.0171 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Hydro One Price Density |
| Price |
Predictive Modules for Hydro One
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hydro One. 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 Hydro One'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.
Hydro One Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hydro One is not an exception. The market had few large corrections towards the Hydro One'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 Hydro One, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hydro One within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | 0.17 | |
σ | Overall volatility | 1.03 | |
Ir | Information ratio | -0.08 |
Hydro One 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 Hydro One for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hydro One can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hydro One has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Hydro One currently holds 15.74 B in liabilities with Debt to Equity (D/E) ratio of 130.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Hydro One has a current ratio of 0.4, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Hydro One until it has trouble settling it off, either with new capital or with free cash flow. So, Hydro One's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hydro One sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hydro to invest in growth at high rates of return. When we think about Hydro One's use of debt, we should always consider it together with cash and equity. | |
| About 47.0% of Hydro One shares are held by company insiders | |
| Latest headline from news.google.com: Hydro One Sees Revenue and Profit Growth in Q3 2024 - TipRanks |
Hydro One 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 Hydro Stock often depends not only on the future outlook of the current and potential Hydro One'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. Hydro One's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 600.5 M | |
| Cash And Short Term Investments | 79 M |
Hydro One Technical Analysis
Hydro One's future price can be derived by breaking down and analyzing its technical indicators over time. Hydro Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hydro One. In general, you should focus on analyzing Hydro Stock price patterns and their correlations with different microeconomic environments and drivers.
Hydro One Predictive Forecast Models
Hydro One's time-series forecasting models is one of many Hydro One'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 Hydro One'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 Hydro One
Checking the ongoing alerts about Hydro One for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hydro One help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hydro One has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Hydro One currently holds 15.74 B in liabilities with Debt to Equity (D/E) ratio of 130.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Hydro One has a current ratio of 0.4, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Hydro One until it has trouble settling it off, either with new capital or with free cash flow. So, Hydro One's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hydro One sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hydro to invest in growth at high rates of return. When we think about Hydro One's use of debt, we should always consider it together with cash and equity. | |
| About 47.0% of Hydro One shares are held by company insiders | |
| Latest headline from news.google.com: Hydro One Sees Revenue and Profit Growth in Q3 2024 - TipRanks |
Other Information on Investing in Hydro Stock
Hydro One financial ratios help investors to determine whether Hydro 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 Hydro with respect to the benefits of owning Hydro One security.