Exco Technologies Limited Stock Probability of Future Stock Price Finishing Under 7.16
| XTC Stock | CAD 8.28 0.03 0.36% |
Exco |
Exco Technologies Target Price Odds to finish below 7.16
The tendency of Exco 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$ 7.16 or more in 90 days |
| 8.28 | 90 days | 7.16 | near 1 |
Based on a normal probability distribution, the odds of Exco Technologies to drop to C$ 7.16 or more in 90 days from now is near 1 (This Exco Technologies Limited probability density function shows the probability of Exco Stock to fall within a particular range of prices over 90 days) . Probability of Exco Technologies price to stay between C$ 7.16 and its current price of C$8.28 at the end of the 90-day period is about 52.93 .
Assuming the 90 days trading horizon Exco Technologies has a beta of 0.24. This entails as returns on the market go up, Exco Technologies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Exco Technologies Limited will be expected to be much smaller as well. Additionally Exco Technologies Limited has an alpha of 0.033, implying that it can generate a 0.033 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Exco Technologies Price Density |
| Price |
Predictive Modules for Exco Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Exco Technologies. 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.Exco Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Exco Technologies is not an exception. The market had few large corrections towards the Exco Technologies' 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 Exco Technologies Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Exco Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 0.27 | |
Ir | Information ratio | -0.05 |
Exco Technologies 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 Exco Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Exco Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 52.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Exco Technologies to Release Earnings on Wednesday - MarketBeat |
Exco Technologies 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 Exco Stock often depends not only on the future outlook of the current and potential Exco Technologies' 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. Exco Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 38.9 M | |
| Cash And Short Term Investments | 15.8 M |
Exco Technologies Technical Analysis
Exco Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Exco Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Exco Technologies Limited. In general, you should focus on analyzing Exco Stock price patterns and their correlations with different microeconomic environments and drivers.
Exco Technologies Predictive Forecast Models
Exco Technologies' time-series forecasting models is one of many Exco Technologies' 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 Exco Technologies' 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 Exco Technologies
Checking the ongoing alerts about Exco Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Exco Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 52.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Exco Technologies to Release Earnings on Wednesday - MarketBeat |
Other Information on Investing in Exco Stock
Exco Technologies financial ratios help investors to determine whether Exco 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 Exco with respect to the benefits of owning Exco Technologies security.