Canadian TireLimited (Germany) Probability of Future Stock Price Finishing Under 102.4
| YAAA Stock | EUR 104.20 0.50 0.48% |
Canadian |
Canadian TireLimited Target Price Odds to finish below 102.4
The tendency of Canadian 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 € 102.40 or more in 90 days |
| 104.20 | 90 days | 102.40 | about 39.53 |
Based on a normal probability distribution, the odds of Canadian TireLimited to drop to € 102.40 or more in 90 days from now is about 39.53 (This Canadian Tire probability density function shows the probability of Canadian Stock to fall within a particular range of prices over 90 days) . Probability of Canadian TireLimited price to stay between € 102.40 and its current price of €104.2 at the end of the 90-day period is about 37.88 .
Assuming the 90 days trading horizon Canadian TireLimited has a beta of 0.0794. This entails as returns on the market go up, Canadian TireLimited average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canadian Tire will be expected to be much smaller as well. Additionally Canadian Tire has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Canadian TireLimited Price Density |
| Price |
Predictive Modules for Canadian TireLimited
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canadian TireLimited. 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.Canadian TireLimited Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canadian TireLimited is not an exception. The market had few large corrections towards the Canadian TireLimited'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 Canadian Tire, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canadian TireLimited within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 0.08 | |
σ | Overall volatility | 1.76 | |
Ir | Information ratio | -0.03 |
Canadian TireLimited 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 Canadian TireLimited for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canadian TireLimited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canadian TireLimited has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations |
Canadian TireLimited 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 Canadian Stock often depends not only on the future outlook of the current and potential Canadian TireLimited'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. Canadian TireLimited's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 57.7 M |
Canadian TireLimited Technical Analysis
Canadian TireLimited's future price can be derived by breaking down and analyzing its technical indicators over time. Canadian Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canadian Tire. In general, you should focus on analyzing Canadian Stock price patterns and their correlations with different microeconomic environments and drivers.
Canadian TireLimited Predictive Forecast Models
Canadian TireLimited's time-series forecasting models is one of many Canadian TireLimited'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 Canadian TireLimited'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 Canadian TireLimited
Checking the ongoing alerts about Canadian TireLimited for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canadian TireLimited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canadian TireLimited has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations |
Other Information on Investing in Canadian Stock
Canadian TireLimited financial ratios help investors to determine whether Canadian 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 Canadian with respect to the benefits of owning Canadian TireLimited security.