Coles Group Stock Chance of Future Pink Sheet Price Finishing Under 5.99
| CLEGF Stock | USD 13.79 0.00 0.00% |
Coles |
Coles Target Price Odds to finish below 5.99
The tendency of Coles 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 drop to $ 5.99 or more in 90 days |
| 13.79 | 90 days | 5.99 | near 1 |
Based on a normal probability distribution, the odds of Coles to drop to $ 5.99 or more in 90 days from now is near 1 (This Coles Group probability density function shows the probability of Coles Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Coles Group price to stay between $ 5.99 and its current price of $13.79 at the end of the 90-day period is about 58.7 .
Assuming the 90 days horizon Coles Group has a beta of -0.62 suggesting as returns on the benchmark increase, returns on holding Coles are expected to decrease at a much lower rate. During a bear market, however, Coles Group is likely to outperform the market. Additionally Coles Group has an alpha of 0.5835, implying that it can generate a 0.58 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Coles Price Density |
| Price |
Predictive Modules for Coles
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Coles Group. 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.Coles Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Coles is not an exception. The market had few large corrections towards the Coles' 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 Coles Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Coles within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.58 | |
β | Beta against Dow Jones | -0.62 | |
σ | Overall volatility | 1.27 | |
Ir | Information ratio | 0.06 |
Coles 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 Coles for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Coles Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Coles Group is way too risky over 90 days horizon | |
| Coles Group appears to be risky and price may revert if volatility continues | |
| Coles Group has accumulated 1.09 B in total debt with debt to equity ratio (D/E) of 3.13, implying the company greatly relies on financing operations through barrowing. Coles Group has a current ratio of 0.57, 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 Coles until it has trouble settling it off, either with new capital or with free cash flow. So, Coles' 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 Coles Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Coles to invest in growth at high rates of return. When we think about Coles' use of debt, we should always consider it together with cash and equity. |
Coles 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 Coles Pink Sheet often depends not only on the future outlook of the current and potential Coles' 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. Coles' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.3 B |
Coles Technical Analysis
Coles' future price can be derived by breaking down and analyzing its technical indicators over time. Coles Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Coles Group. In general, you should focus on analyzing Coles Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Coles Predictive Forecast Models
Coles' time-series forecasting models is one of many Coles' 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 Coles' 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.
Things to note about Coles Group
Checking the ongoing alerts about Coles for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Coles Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Coles Group is way too risky over 90 days horizon | |
| Coles Group appears to be risky and price may revert if volatility continues | |
| Coles Group has accumulated 1.09 B in total debt with debt to equity ratio (D/E) of 3.13, implying the company greatly relies on financing operations through barrowing. Coles Group has a current ratio of 0.57, 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 Coles until it has trouble settling it off, either with new capital or with free cash flow. So, Coles' 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 Coles Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Coles to invest in growth at high rates of return. When we think about Coles' use of debt, we should always consider it together with cash and equity. |
Other Information on Investing in Coles Pink Sheet
Coles financial ratios help investors to determine whether Coles 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 Coles with respect to the benefits of owning Coles security.