Canadian Solar (Germany) Probability of Future Stock Price Finishing Over 16.16
| L5A Stock | EUR 12.13 0.32 2.57% |
Canadian |
Canadian Solar Target Price Odds to finish over 16.16
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 move over € 16.16 or more in 90 days |
| 12.13 | 90 days | 16.16 | near 1 |
Based on a normal probability distribution, the odds of Canadian Solar to move over € 16.16 or more in 90 days from now is near 1 (This Canadian Solar probability density function shows the probability of Canadian Stock to fall within a particular range of prices over 90 days) . Probability of Canadian Solar price to stay between its current price of € 12.13 and € 16.16 at the end of the 90-day period is about 62.73 .
Assuming the 90 days horizon Canadian Solar has a beta of -0.8. This indicates as returns on the benchmark increase, returns on holding Canadian Solar are expected to decrease at a much lower rate. During a bear market, however, Canadian Solar is likely to outperform the market. Additionally Canadian Solar has an alpha of 0.135, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Canadian Solar Price Density |
| Price |
Predictive Modules for Canadian Solar
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 Solar. 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.Canadian Solar Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canadian Solar is not an exception. The market had few large corrections towards the Canadian Solar'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 Solar, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canadian Solar within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | -0.8 | |
σ | Overall volatility | 1.19 | |
Ir | Information ratio | -0.0088 |
Canadian Solar 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 Solar for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canadian Solar 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 Solar had very high historical volatility over the last 90 days | |
| Canadian Solar has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Canadian Solar has accumulated about 370.15 M in cash with (408.25 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.25. | |
| Roughly 61.0% of the company shares are owned by institutional investors |
Canadian Solar 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 Solar'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 Solar's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 64 M |
Canadian Solar Technical Analysis
Canadian Solar'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 Solar. In general, you should focus on analyzing Canadian Stock price patterns and their correlations with different microeconomic environments and drivers.
Canadian Solar Predictive Forecast Models
Canadian Solar's time-series forecasting models is one of many Canadian Solar'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 Solar'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 Solar
Checking the ongoing alerts about Canadian Solar for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canadian Solar help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canadian Solar had very high historical volatility over the last 90 days | |
| Canadian Solar has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Canadian Solar has accumulated about 370.15 M in cash with (408.25 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.25. | |
| Roughly 61.0% of the company shares are owned by institutional investors |
Additional Information and Resources on Investing in Canadian Stock
When determining whether Canadian Solar is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Canadian Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Canadian Solar Stock. Highlighted below are key reports to facilitate an investment decision about Canadian Solar Stock:Check out Canadian Solar Backtesting, Canadian Solar Valuation, Canadian Solar Correlation, Canadian Solar Hype Analysis, Canadian Solar Volatility, Canadian Solar History as well as Canadian Solar Performance. For more detail on how to invest in Canadian Stock please use our How to Invest in Canadian Solar guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.