Major Drilling Group Stock Probability of Future Stock Price Finishing Under 2.96
| MDI Stock | CAD 8.25 0.09 1.08% |
Major |
Major Drilling Target Price Odds to finish below 2.96
The tendency of Major 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$ 2.96 or more in 90 days |
| 8.25 | 90 days | 2.96 | near 1 |
Based on a normal probability distribution, the odds of Major Drilling to drop to C$ 2.96 or more in 90 days from now is near 1 (This Major Drilling Group probability density function shows the probability of Major Stock to fall within a particular range of prices over 90 days) . Probability of Major Drilling Group price to stay between C$ 2.96 and its current price of C$8.25 at the end of the 90-day period is about 10.93 .
Assuming the 90 days trading horizon Major Drilling has a beta of 0.55. This indicates as returns on the market go up, Major Drilling average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Major Drilling Group will be expected to be much smaller as well. Additionally Major Drilling Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Major Drilling Price Density |
| Price |
Predictive Modules for Major Drilling
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Major Drilling Group. 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.Major Drilling Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Major Drilling is not an exception. The market had few large corrections towards the Major Drilling'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 Major Drilling Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Major Drilling within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.55 | |
σ | Overall volatility | 0.22 | |
Ir | Information ratio | -0.03 |
Major Drilling 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 Major Drilling for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Major Drilling Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Major Drilling Group generated a negative expected return over the last 90 days | |
| Major Drilling Group is unlikely to experience financial distress in the next 2 years | |
| About 55.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Insider Selling Major Drilling Group International Inc. Senior Officer Sells 12,400 Shares of Stock - MarketBeat |
Major Drilling 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 Major Stock often depends not only on the future outlook of the current and potential Major Drilling'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. Major Drilling's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 82.5 M | |
| Cash And Short Term Investments | 96.2 M |
Major Drilling Technical Analysis
Major Drilling's future price can be derived by breaking down and analyzing its technical indicators over time. Major Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Major Drilling Group. In general, you should focus on analyzing Major Stock price patterns and their correlations with different microeconomic environments and drivers.
Major Drilling Predictive Forecast Models
Major Drilling's time-series forecasting models is one of many Major Drilling'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 Major Drilling'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 Major Drilling Group
Checking the ongoing alerts about Major Drilling for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Major Drilling Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Major Drilling Group generated a negative expected return over the last 90 days | |
| Major Drilling Group is unlikely to experience financial distress in the next 2 years | |
| About 55.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Insider Selling Major Drilling Group International Inc. Senior Officer Sells 12,400 Shares of Stock - MarketBeat |
Other Information on Investing in Major Stock
Major Drilling financial ratios help investors to determine whether Major 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 Major with respect to the benefits of owning Major Drilling security.