Canterbury Park Holding Stock Probability of Future Stock Price Finishing Under 15.81
| CPHC Stock | USD 21.74 0.63 2.98% |
Canterbury |
Canterbury Park Target Price Odds to finish below 15.81
The tendency of Canterbury 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 drop to $ 15.81 or more in 90 days |
| 21.74 | 90 days | 15.81 | about 9.66 |
Based on a normal probability distribution, the odds of Canterbury Park to drop to $ 15.81 or more in 90 days from now is about 9.66 (This Canterbury Park Holding probability density function shows the probability of Canterbury Stock to fall within a particular range of prices over 90 days) . Probability of Canterbury Park Holding price to stay between $ 15.81 and its current price of $21.74 at the end of the 90-day period is about 76.56 .
Given the investment horizon of 90 days Canterbury Park has a beta of 0.5 suggesting as returns on the market go up, Canterbury Park average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canterbury Park Holding will be expected to be much smaller as well. Additionally Canterbury Park Holding has an alpha of 0.0751, implying that it can generate a 0.0751 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Canterbury Park Price Density |
| Price |
Predictive Modules for Canterbury Park
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canterbury Park Holding. 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.Canterbury Park Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canterbury Park is not an exception. The market had few large corrections towards the Canterbury Park'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 Canterbury Park Holding, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canterbury Park within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | 0.50 | |
σ | Overall volatility | 2.48 | |
Ir | Information ratio | 0.01 |
Canterbury Park 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 Canterbury Park for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canterbury Park Holding can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canterbury Park is unlikely to experience financial distress in the next 2 years | |
| Canterbury Park has a strong financial position based on the latest SEC filings | |
| About 34.0% of the company shares are held by company insiders | |
| On 14th of October 2024 Canterbury Park paid $ 0.07 per share dividend to its current shareholders | |
| Latest headline from bbc.co.uk: Choose Canterbury campaign aims to lure businesses to the city |
Canterbury Park 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 Canterbury Stock often depends not only on the future outlook of the current and potential Canterbury Park'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. Canterbury Park's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.9 M | |
| Cash And Short Term Investments | 26.9 M |
Canterbury Park Technical Analysis
Canterbury Park's future price can be derived by breaking down and analyzing its technical indicators over time. Canterbury Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canterbury Park Holding. In general, you should focus on analyzing Canterbury Stock price patterns and their correlations with different microeconomic environments and drivers.
Canterbury Park Predictive Forecast Models
Canterbury Park's time-series forecasting models is one of many Canterbury Park'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 Canterbury Park'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 Canterbury Park Holding
Checking the ongoing alerts about Canterbury Park for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canterbury Park Holding help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canterbury Park is unlikely to experience financial distress in the next 2 years | |
| Canterbury Park has a strong financial position based on the latest SEC filings | |
| About 34.0% of the company shares are held by company insiders | |
| On 14th of October 2024 Canterbury Park paid $ 0.07 per share dividend to its current shareholders | |
| Latest headline from bbc.co.uk: Choose Canterbury campaign aims to lure businesses to the city |
Check out Canterbury Park Backtesting, Canterbury Park Valuation, Canterbury Park Correlation, Canterbury Park Hype Analysis, Canterbury Park Volatility, Canterbury Park History as well as Canterbury Park Performance. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canterbury Park. If investors know Canterbury will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canterbury Park listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.94) | Earnings Share 0.98 | Revenue Per Share 12.525 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0318 |
The market value of Canterbury Park Holding is measured differently than its book value, which is the value of Canterbury that is recorded on the company's balance sheet. Investors also form their own opinion of Canterbury Park's value that differs from its market value or its book value, called intrinsic value, which is Canterbury Park's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canterbury Park's market value can be influenced by many factors that don't directly affect Canterbury Park's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canterbury Park's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canterbury Park is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canterbury Park's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.