Mcan Mortgage Stock Probability of Future Stock Price Finishing Under 14.06
| MKP Stock | CAD 19.18 0.26 1.34% |
MCAN |
MCAN Mortgage Target Price Odds to finish below 14.06
The tendency of MCAN 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$ 14.06 or more in 90 days |
| 19.18 | 90 days | 14.06 | near 1 |
Based on a normal probability distribution, the odds of MCAN Mortgage to drop to C$ 14.06 or more in 90 days from now is near 1 (This MCAN Mortgage probability density function shows the probability of MCAN Stock to fall within a particular range of prices over 90 days) . Probability of MCAN Mortgage price to stay between C$ 14.06 and its current price of C$19.18 at the end of the 90-day period is about 76.89 .
Assuming the 90 days trading horizon MCAN Mortgage has a beta of 0.4. This indicates as returns on the market go up, MCAN Mortgage average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding MCAN Mortgage will be expected to be much smaller as well. Additionally MCAN Mortgage has an alpha of 0.096, implying that it can generate a 0.096 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). MCAN Mortgage Price Density |
| Price |
Predictive Modules for MCAN Mortgage
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MCAN Mortgage. 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.MCAN Mortgage Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MCAN Mortgage is not an exception. The market had few large corrections towards the MCAN Mortgage'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 MCAN Mortgage, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MCAN Mortgage within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.1 | |
β | Beta against Dow Jones | 0.40 | |
σ | Overall volatility | 0.72 | |
Ir | Information ratio | 0.03 |
MCAN Mortgage 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 MCAN Mortgage for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MCAN Mortgage can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| MCAN Mortgage has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| MCAN Mortgage has accumulated about 78.21 M in cash with (59.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.18. | |
| Roughly 15.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: MCAN Mortgage Stock Crosses Above 200-Day Moving Average - Heres Why - MarketBeat |
MCAN Mortgage 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 MCAN Stock often depends not only on the future outlook of the current and potential MCAN Mortgage'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. MCAN Mortgage's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 34.9 M | |
| Cash And Short Term Investments | 60.3 M |
MCAN Mortgage Technical Analysis
MCAN Mortgage's future price can be derived by breaking down and analyzing its technical indicators over time. MCAN Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MCAN Mortgage. In general, you should focus on analyzing MCAN Stock price patterns and their correlations with different microeconomic environments and drivers.
MCAN Mortgage Predictive Forecast Models
MCAN Mortgage's time-series forecasting models is one of many MCAN Mortgage'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 MCAN Mortgage'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 MCAN Mortgage
Checking the ongoing alerts about MCAN Mortgage for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MCAN Mortgage help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MCAN Mortgage has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| MCAN Mortgage has accumulated about 78.21 M in cash with (59.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.18. | |
| Roughly 15.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: MCAN Mortgage Stock Crosses Above 200-Day Moving Average - Heres Why - MarketBeat |
Other Information on Investing in MCAN Stock
MCAN Mortgage financial ratios help investors to determine whether MCAN 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 MCAN with respect to the benefits of owning MCAN Mortgage security.