Canandaigua National Stock Probability of Future Pink Sheet Price Finishing Under 210.94
| CNND Stock | USD 210.00 0.00 0.00% |
Canandaigua |
Canandaigua National Target Price Odds to finish below 210.94
The tendency of Canandaigua Pink Sheet 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 $ 210.94 after 90 days |
| 210.00 | 90 days | 210.94 | about 81.31 |
Based on a normal probability distribution, the odds of Canandaigua National to stay under $ 210.94 after 90 days from now is about 81.31 (This Canandaigua National probability density function shows the probability of Canandaigua Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Canandaigua National price to stay between its current price of $ 210.00 and $ 210.94 at the end of the 90-day period is roughly 2.09 .
Given the investment horizon of 90 days Canandaigua National has a beta of -0.16 suggesting as returns on the benchmark increase, returns on holding Canandaigua National are expected to decrease at a much lower rate. During a bear market, however, Canandaigua National is likely to outperform the market. Additionally Canandaigua National has an alpha of 0.1565, implying that it can generate a 0.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Canandaigua National Price Density |
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Predictive Modules for Canandaigua National
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canandaigua National. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Canandaigua National Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canandaigua National is not an exception. The market had few large corrections towards the Canandaigua National'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 Canandaigua National, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canandaigua National within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.16 | |
β | Beta against Dow Jones | -0.16 | |
σ | Overall volatility | 12.45 | |
Ir | Information ratio | 0.08 |
Canandaigua National Technical Analysis
Canandaigua National's future price can be derived by breaking down and analyzing its technical indicators over time. Canandaigua Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canandaigua National. In general, you should focus on analyzing Canandaigua Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Canandaigua National Predictive Forecast Models
Canandaigua National's time-series forecasting models is one of many Canandaigua National's pink sheet 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 Canandaigua National'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 pink sheet market movement and maximize returns from investment trading.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canandaigua National in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canandaigua National's short interest history, or implied volatility extrapolated from Canandaigua National options trading.
Other Information on Investing in Canandaigua Pink Sheet
Canandaigua National financial ratios help investors to determine whether Canandaigua Pink Sheet 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 Canandaigua with respect to the benefits of owning Canandaigua National security.