Current Water Technologies Stock Probability of Future Stock Price Finishing Over 0.0292
| WATR Stock | CAD 0.03 0.01 25.00% |
Current |
Current Water Target Price Odds to finish over 0.0292
The tendency of Current 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 above C$ 0.03 in 90 days |
| 0.03 | 90 days | 0.03 | about 52.69 |
Based on a normal probability distribution, the odds of Current Water to stay above C$ 0.03 in 90 days from now is about 52.69 (This Current Water Technologies probability density function shows the probability of Current Stock to fall within a particular range of prices over 90 days) . Probability of Current Water Techno price to stay between C$ 0.03 and its current price of C$0.03 at the end of the 90-day period is about 7.16 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.28 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Current Water will likely underperform. Moreover Current Water Technologies has an alpha of 1.2635, implying that it can generate a 1.26 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Current Water Price Density |
| Price |
Predictive Modules for Current Water
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Current Water Techno. 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.Current Water Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Current Water is not an exception. The market had few large corrections towards the Current Water'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 Current Water Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Current Water within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.26 | |
β | Beta against Dow Jones | 1.28 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.07 |
Current Water 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 Current Water for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Current Water Techno can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Current Water Techno is way too risky over 90 days horizon | |
| Current Water Techno has some characteristics of a very speculative penny stock | |
| Current Water Techno appears to be risky and price may revert if volatility continues | |
| Current Water Technologies has accumulated 120 K in total debt with debt to equity ratio (D/E) of 1.3, which is about average as compared to similar companies. Current Water Techno has a current ratio of 0.55, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Current Water until it has trouble settling it off, either with new capital or with free cash flow. So, Current Water's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Current Water Techno sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Current to invest in growth at high rates of return. When we think about Current Water's use of debt, we should always consider it together with cash and equity. | |
| About 22.0% of Current Water outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Current Water Technologies Partners for Market Growth - TipRanks |
Current Water 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 Current Stock often depends not only on the future outlook of the current and potential Current Water'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. Current Water's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 212.3 M | |
| Shares Float | 183 M |
Current Water Technical Analysis
Current Water's future price can be derived by breaking down and analyzing its technical indicators over time. Current Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Current Water Technologies. In general, you should focus on analyzing Current Stock price patterns and their correlations with different microeconomic environments and drivers.
Current Water Predictive Forecast Models
Current Water's time-series forecasting models is one of many Current Water'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 Current Water'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 Current Water Techno
Checking the ongoing alerts about Current Water for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Current Water Techno help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Current Water Techno is way too risky over 90 days horizon | |
| Current Water Techno has some characteristics of a very speculative penny stock | |
| Current Water Techno appears to be risky and price may revert if volatility continues | |
| Current Water Technologies has accumulated 120 K in total debt with debt to equity ratio (D/E) of 1.3, which is about average as compared to similar companies. Current Water Techno has a current ratio of 0.55, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Current Water until it has trouble settling it off, either with new capital or with free cash flow. So, Current Water's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Current Water Techno sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Current to invest in growth at high rates of return. When we think about Current Water's use of debt, we should always consider it together with cash and equity. | |
| About 22.0% of Current Water outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Current Water Technologies Partners for Market Growth - TipRanks |
Additional Tools for Current Stock Analysis
When running Current Water's price analysis, check to measure Current Water'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 Current Water is operating at the current time. Most of Current Water's value examination focuses on studying past and present price action to predict the probability of Current Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Current Water's price. Additionally, you may evaluate how the addition of Current Water to your portfolios can decrease your overall portfolio volatility.