Parkit Enterprise Stock Probability of Future Stock Price Finishing Under 0.58
| PKT Stock | CAD 0.64 0.02 3.23% |
Parkit |
Parkit Enterprise Target Price Odds to finish below 0.58
The tendency of Parkit 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$ 0.58 or more in 90 days |
| 0.64 | 90 days | 0.58 | about 5.98 |
Based on a normal probability distribution, the odds of Parkit Enterprise to drop to C$ 0.58 or more in 90 days from now is about 5.98 (This Parkit Enterprise probability density function shows the probability of Parkit Stock to fall within a particular range of prices over 90 days) . Probability of Parkit Enterprise price to stay between C$ 0.58 and its current price of C$0.64 at the end of the 90-day period is about 35.19 .
Assuming the 90 days horizon Parkit Enterprise has a beta of -0.0492 indicating as returns on the benchmark increase, returns on holding Parkit Enterprise are expected to decrease at a much lower rate. During a bear market, however, Parkit Enterprise is likely to outperform the market. Additionally Parkit Enterprise has an alpha of 0.3218, implying that it can generate a 0.32 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Parkit Enterprise Price Density |
| Price |
Predictive Modules for Parkit Enterprise
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Parkit Enterprise. 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.Parkit Enterprise Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Parkit Enterprise is not an exception. The market had few large corrections towards the Parkit Enterprise'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 Parkit Enterprise, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Parkit Enterprise within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.32 | |
β | Beta against Dow Jones | -0.05 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | 0.04 |
Parkit Enterprise 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 Parkit Enterprise for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Parkit Enterprise can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Parkit Enterprise has some characteristics of a very speculative penny stock | |
| Parkit Enterprise had very high historical volatility over the last 90 days | |
| The company reported the revenue of 23.26 M. Net Loss for the year was (5.09 M) with profit before overhead, payroll, taxes, and interest of 6.08 M. | |
| About 39.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Cormark Increases Earnings Estimates for Parkit Enterprise - MarketBeat |
Parkit Enterprise 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 Parkit Stock often depends not only on the future outlook of the current and potential Parkit Enterprise'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. Parkit Enterprise's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 227.9 M |
Parkit Enterprise Technical Analysis
Parkit Enterprise's future price can be derived by breaking down and analyzing its technical indicators over time. Parkit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Parkit Enterprise. In general, you should focus on analyzing Parkit Stock price patterns and their correlations with different microeconomic environments and drivers.
Parkit Enterprise Predictive Forecast Models
Parkit Enterprise's time-series forecasting models is one of many Parkit Enterprise'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 Parkit Enterprise'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 Parkit Enterprise
Checking the ongoing alerts about Parkit Enterprise for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Parkit Enterprise help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Parkit Enterprise has some characteristics of a very speculative penny stock | |
| Parkit Enterprise had very high historical volatility over the last 90 days | |
| The company reported the revenue of 23.26 M. Net Loss for the year was (5.09 M) with profit before overhead, payroll, taxes, and interest of 6.08 M. | |
| About 39.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Cormark Increases Earnings Estimates for Parkit Enterprise - MarketBeat |
Additional Tools for Parkit Stock Analysis
When running Parkit Enterprise's price analysis, check to measure Parkit Enterprise's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Parkit Enterprise is operating at the current time. Most of Parkit Enterprise's value examination focuses on studying past and present price action to predict the probability of Parkit Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parkit Enterprise's price. Additionally, you may evaluate how the addition of Parkit Enterprise to your portfolios can decrease your overall portfolio volatility.