Kraken Robotics Stock Probability of Future Stock Price Finishing Under 2.73
| PNG Stock | CAD 2.70 0.12 4.65% |
Kraken |
Kraken Robotics Target Price Odds to finish below 2.73
The tendency of Kraken 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 stay under C$ 2.73 after 90 days |
| 2.70 | 90 days | 2.73 | over 95.46 |
Based on a normal probability distribution, the odds of Kraken Robotics to stay under C$ 2.73 after 90 days from now is over 95.46 (This Kraken Robotics probability density function shows the probability of Kraken Stock to fall within a particular range of prices over 90 days) . Probability of Kraken Robotics price to stay between its current price of C$ 2.70 and C$ 2.73 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon Kraken Robotics has a beta of -0.2 indicating as returns on the benchmark increase, returns on holding Kraken Robotics are expected to decrease at a much lower rate. During a bear market, however, Kraken Robotics is likely to outperform the market. Additionally Kraken Robotics has an alpha of 0.7755, implying that it can generate a 0.78 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Kraken Robotics Price Density |
| Price |
Predictive Modules for Kraken Robotics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kraken Robotics. 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.Kraken Robotics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kraken Robotics is not an exception. The market had few large corrections towards the Kraken Robotics' 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 Kraken Robotics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kraken Robotics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.78 | |
β | Beta against Dow Jones | -0.2 | |
σ | Overall volatility | 0.36 | |
Ir | Information ratio | 0.17 |
Kraken Robotics 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 Kraken Robotics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Kraken Robotics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Kraken Robotics appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Are Robust Financials Driving The Recent Rally In Kraken Robotics Inc.s Stock - Simply Wall St |
Kraken Robotics 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 Kraken Stock often depends not only on the future outlook of the current and potential Kraken Robotics' 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. Kraken Robotics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 206.5 M | |
| Cash And Short Term Investments | 5.2 M |
Kraken Robotics Technical Analysis
Kraken Robotics' future price can be derived by breaking down and analyzing its technical indicators over time. Kraken Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kraken Robotics. In general, you should focus on analyzing Kraken Stock price patterns and their correlations with different microeconomic environments and drivers.
Kraken Robotics Predictive Forecast Models
Kraken Robotics' time-series forecasting models is one of many Kraken Robotics' 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 Kraken Robotics' 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 Kraken Robotics
Checking the ongoing alerts about Kraken Robotics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Kraken Robotics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Kraken Robotics appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Are Robust Financials Driving The Recent Rally In Kraken Robotics Inc.s Stock - Simply Wall St |
Additional Tools for Kraken Stock Analysis
When running Kraken Robotics' price analysis, check to measure Kraken Robotics' 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 Kraken Robotics is operating at the current time. Most of Kraken Robotics' value examination focuses on studying past and present price action to predict the probability of Kraken Robotics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kraken Robotics' price. Additionally, you may evaluate how the addition of Kraken Robotics to your portfolios can decrease your overall portfolio volatility.