Canadian Utilities Ltd Preferred Stock Probability of Future Preferred Stock Price Finishing Under 16.66
| CU-PG Preferred Stock | CAD 19.40 0.19 0.99% |
Canadian |
Canadian Utilities Target Price Odds to finish below 16.66
The tendency of Canadian Preferred 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 C$ 16.66 or more in 90 days |
| 19.40 | 90 days | 16.66 | near 1 |
Based on a normal probability distribution, the odds of Canadian Utilities to drop to C$ 16.66 or more in 90 days from now is near 1 (This Canadian Utilities Ltd probability density function shows the probability of Canadian Preferred Stock to fall within a particular range of prices over 90 days) . Probability of Canadian Utilities price to stay between C$ 16.66 and its current price of C$19.4 at the end of the 90-day period is about 84.78 .
Assuming the 90 days trading horizon Canadian Utilities has a beta of 0.26 suggesting as returns on the market go up, Canadian Utilities average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canadian Utilities Ltd will be expected to be much smaller as well. Additionally Canadian Utilities Ltd 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. Canadian Utilities Price Density |
| Price |
Predictive Modules for Canadian Utilities
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canadian Utilities. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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.Canadian Utilities Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canadian Utilities is not an exception. The market had few large corrections towards the Canadian Utilities' 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 Canadian Utilities Ltd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canadian Utilities within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.26 | |
σ | Overall volatility | 0.36 | |
Ir | Information ratio | -0.07 |
Canadian Utilities 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 Canadian Utilities for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canadian Utilities can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canadian Utilities generated a negative expected return over the last 90 days |
Canadian Utilities 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 Canadian Preferred Stock often depends not only on the future outlook of the current and potential Canadian Utilities' 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. Canadian Utilities' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 269.3 M | |
| Dividends Paid | -541 M | |
| Short Long Term Debt | 540 M |
Canadian Utilities Technical Analysis
Canadian Utilities' future price can be derived by breaking down and analyzing its technical indicators over time. Canadian Preferred Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canadian Utilities Ltd. In general, you should focus on analyzing Canadian Preferred Stock price patterns and their correlations with different microeconomic environments and drivers.
Canadian Utilities Predictive Forecast Models
Canadian Utilities' time-series forecasting models is one of many Canadian Utilities' preferred 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 Canadian Utilities' 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 preferred stock market movement and maximize returns from investment trading.
Things to note about Canadian Utilities
Checking the ongoing alerts about Canadian Utilities for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canadian Utilities help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canadian Utilities generated a negative expected return over the last 90 days |
Additional Tools for Canadian Preferred Stock Analysis
When running Canadian Utilities' price analysis, check to measure Canadian Utilities' 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 Canadian Utilities is operating at the current time. Most of Canadian Utilities' value examination focuses on studying past and present price action to predict the probability of Canadian Utilities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Utilities' price. Additionally, you may evaluate how the addition of Canadian Utilities to your portfolios can decrease your overall portfolio volatility.