California Nanotechnologies Corp Stock Probability of Future Pink Sheet Price Finishing Over 0.9
| CANOF Stock | USD 0.72 0.03 4.35% |
California |
California Nanotechnologies Target Price Odds to finish over 0.9
The tendency of California 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 move over $ 0.90 or more in 90 days |
| 0.72 | 90 days | 0.90 | about 56.62 |
Based on a normal probability distribution, the odds of California Nanotechnologies to move over $ 0.90 or more in 90 days from now is about 56.62 (This California Nanotechnologies Corp probability density function shows the probability of California Pink Sheet to fall within a particular range of prices over 90 days) . Probability of California Nanotechnologies price to stay between its current price of $ 0.72 and $ 0.90 at the end of the 90-day period is about 31.21 .
Assuming the 90 days horizon California Nanotechnologies Corp has a beta of -0.74 suggesting as returns on the benchmark increase, returns on holding California Nanotechnologies are expected to decrease at a much lower rate. During a bear market, however, California Nanotechnologies Corp is likely to outperform the market. Additionally California Nanotechnologies Corp has an alpha of 0.301, implying that it can generate a 0.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). 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 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.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 | 0.30 | |
β | Beta against Dow Jones | -0.74 | |
σ | Overall volatility | 0.18 | |
Ir | Information ratio | 0.02 |
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 | |
| About 37.0% of the company shares are held by company insiders |
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 Pink Sheet 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 | 31.8 M | |
| Short Long Term Debt | 133.1 K | |
| Shares Float | 21.1 M |
California Nanotechnologies Technical Analysis
California Nanotechnologies' future price can be derived by breaking down and analyzing its technical indicators over time. California Pink Sheet 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 Pink Sheet 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' 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 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 pink sheet 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 | |
| About 37.0% of the company shares are held by company insiders |
Other Information on Investing in California Pink Sheet
California Nanotechnologies financial ratios help investors to determine whether California 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 California with respect to the benefits of owning California Nanotechnologies security.