California Nanotechnologies Corp Stock Probability of Future Stock Price Finishing Over 0.46
| CNO Stock | CAD 0.51 0.03 5.56% |
California |
California Nanotechnologies Target Price Odds to finish over 0.46
The tendency of California 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$ 0.46 in 90 days |
| 0.51 | 90 days | 0.46 | about 98.0 |
Based on a normal probability distribution, the odds of California Nanotechnologies to stay above C$ 0.46 in 90 days from now is about 98.0 (This California Nanotechnologies Corp probability density function shows the probability of California Stock to fall within a particular range of prices over 90 days) . Probability of California Nanotechnologies price to stay between C$ 0.46 and its current price of C$0.51 at the end of the 90-day period is about 12.83 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.05 suggesting California Nanotechnologies Corp market returns are correlated to returns on the market. As the market goes up or down, California Nanotechnologies is expected to follow. Additionally California Nanotechnologies Corp 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. California Nanotechnologies Price Density |
| Price |
Predictive Modules for California Nanotechnologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as California Nanotechnologies. 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.California Nanotechnologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. California Nanotechnologies is not an exception. The market had few large corrections towards the California Nanotechnologies' 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 California Nanotechnologies Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of California Nanotechnologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.54 | |
β | Beta against Dow Jones | 1.05 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.09 |
California Nanotechnologies 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 California Nanotechnologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for California Nanotechnologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| California Nanotechnologies generated a negative expected return over the last 90 days | |
| California Nanotechnologies has high historical volatility and very poor performance | |
| California Nanotechnologies has some characteristics of a very speculative penny stock | |
| California Nanotechnologies Corp has accumulated 3.19 M in total debt. California Nanotechnologies has a current ratio of 0.06, 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 California Nanotechnologies until it has trouble settling it off, either with new capital or with free cash flow. So, California Nanotechnologies' 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 California Nanotechnologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for California to invest in growth at high rates of return. When we think about California Nanotechnologies' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 6.22 M. Net Loss for the year was (158.33 K) with profit before overhead, payroll, taxes, and interest of 4.59 M. | |
| About 32.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: The Cannabis Science Inc., Share Exchange is Underway OMNICANNA Files Name Change to Thermic Science International Corporation and Files SPAC Share Structure to Bring Cannabis Science and Recent Acquisition Companies to Begin Trading for All - The Globe and Mail |
California Nanotechnologies 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 California Stock often depends not only on the future outlook of the current and potential California Nanotechnologies' 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. California Nanotechnologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 43.7 M | |
| Shares Float | 31.4 M |
California Nanotechnologies Technical Analysis
California Nanotechnologies' future price can be derived by breaking down and analyzing its technical indicators over time. California Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of California Nanotechnologies Corp. In general, you should focus on analyzing California Stock price patterns and their correlations with different microeconomic environments and drivers.
California Nanotechnologies Predictive Forecast Models
California Nanotechnologies' time-series forecasting models is one of many California Nanotechnologies' 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 California Nanotechnologies' 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 California Nanotechnologies
Checking the ongoing alerts about California Nanotechnologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for California Nanotechnologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| California Nanotechnologies generated a negative expected return over the last 90 days | |
| California Nanotechnologies has high historical volatility and very poor performance | |
| California Nanotechnologies has some characteristics of a very speculative penny stock | |
| California Nanotechnologies Corp has accumulated 3.19 M in total debt. California Nanotechnologies has a current ratio of 0.06, 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 California Nanotechnologies until it has trouble settling it off, either with new capital or with free cash flow. So, California Nanotechnologies' 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 California Nanotechnologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for California to invest in growth at high rates of return. When we think about California Nanotechnologies' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 6.22 M. Net Loss for the year was (158.33 K) with profit before overhead, payroll, taxes, and interest of 4.59 M. | |
| About 32.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: The Cannabis Science Inc., Share Exchange is Underway OMNICANNA Files Name Change to Thermic Science International Corporation and Files SPAC Share Structure to Bring Cannabis Science and Recent Acquisition Companies to Begin Trading for All - The Globe and Mail |
Additional Tools for California Stock Analysis
When running California Nanotechnologies' price analysis, check to measure California Nanotechnologies' 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 California Nanotechnologies is operating at the current time. Most of California Nanotechnologies' value examination focuses on studying past and present price action to predict the probability of California Nanotechnologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Nanotechnologies' price. Additionally, you may evaluate how the addition of California Nanotechnologies to your portfolios can decrease your overall portfolio volatility.