Conico (Australia) Chance of Future Stock Price Finishing Over 0.01
| CNJ Stock | 0.01 0.00 0.00% |
Conico |
Conico Target Price Odds to finish over 0.01
The tendency of Conico 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 move above the current price in 90 days |
| 0.01 | 90 days | 0.01 | about 66.1 |
Based on a normal probability distribution, the odds of Conico to move above the current price in 90 days from now is about 66.1 (This Conico probability density function shows the probability of Conico Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon the stock has the beta coefficient of 3.6 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Conico will likely underperform. Additionally Conico 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. Conico Price Density |
| Price |
Predictive Modules for Conico
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Conico. 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.Conico Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Conico is not an exception. The market had few large corrections towards the Conico'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 Conico, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Conico within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.22 | |
β | Beta against Dow Jones | 3.60 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.0045 |
Conico 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 Conico for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Conico can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Conico generated a negative expected return over the last 90 days | |
| Conico has high historical volatility and very poor performance | |
| Conico has some characteristics of a very speculative penny stock | |
| Conico has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (35.08 M) with profit before overhead, payroll, taxes, and interest of 82.15 K. | |
| Conico generates negative cash flow from operations | |
| About 13.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Conico Limited Passes Key Resolutions to Boost Flexibility - TipRanks |
Conico 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 Conico Stock often depends not only on the future outlook of the current and potential Conico'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. Conico's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.6 B | |
| Cash And Short Term Investments | 428.8 K |
Conico Technical Analysis
Conico's future price can be derived by breaking down and analyzing its technical indicators over time. Conico Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Conico. In general, you should focus on analyzing Conico Stock price patterns and their correlations with different microeconomic environments and drivers.
Conico Predictive Forecast Models
Conico's time-series forecasting models is one of many Conico'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 Conico'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 Conico
Checking the ongoing alerts about Conico for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Conico help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Conico generated a negative expected return over the last 90 days | |
| Conico has high historical volatility and very poor performance | |
| Conico has some characteristics of a very speculative penny stock | |
| Conico has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (35.08 M) with profit before overhead, payroll, taxes, and interest of 82.15 K. | |
| Conico generates negative cash flow from operations | |
| About 13.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Conico Limited Passes Key Resolutions to Boost Flexibility - TipRanks |
Additional Tools for Conico Stock Analysis
When running Conico's price analysis, check to measure Conico's 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 Conico is operating at the current time. Most of Conico's value examination focuses on studying past and present price action to predict the probability of Conico's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conico's price. Additionally, you may evaluate how the addition of Conico to your portfolios can decrease your overall portfolio volatility.