Drone Delivery Canada Stock Probability of Future Stock Price Finishing Under 0.01
| FLT Stock | CAD 0.15 0.01 7.14% |
Drone |
Drone Delivery Target Price Odds to finish below 0.01
The tendency of Drone 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$ 0.01 or more in 90 days |
| 0.15 | 90 days | 0.01 | near 1 |
Based on a normal probability distribution, the odds of Drone Delivery to drop to C$ 0.01 or more in 90 days from now is near 1 (This Drone Delivery Canada probability density function shows the probability of Drone Stock to fall within a particular range of prices over 90 days) . Probability of Drone Delivery Canada price to stay between C$ 0.01 and its current price of C$0.15 at the end of the 90-day period is about 27.02 .
Assuming the 90 days horizon Drone Delivery Canada has a beta of -0.0212. This usually indicates as returns on the benchmark increase, returns on holding Drone Delivery are expected to decrease at a much lower rate. During a bear market, however, Drone Delivery Canada is likely to outperform the market. Additionally Drone Delivery Canada 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. Drone Delivery Price Density |
| Price |
Predictive Modules for Drone Delivery
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Drone Delivery Canada. 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.Drone Delivery Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Drone Delivery is not an exception. The market had few large corrections towards the Drone Delivery'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 Drone Delivery Canada, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Drone Delivery within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -0.02 |
Drone Delivery 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 Drone Delivery for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Drone Delivery Canada can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Drone Delivery had very high historical volatility over the last 90 days | |
| Drone Delivery has some characteristics of a very speculative penny stock | |
| Drone Delivery has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 34.87 M. Net Loss for the year was (9.46 M) with loss before overhead, payroll, taxes, and interest of (5.21 M). | |
| Drone Delivery Canada has accumulated about 35.19 M in cash with (1.65 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.16, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 30.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Ventum Cap Mkts Has Weak Outlook for CVEFLT FY2024 Earnings - MarketBeat |
Drone Delivery 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 Drone Stock often depends not only on the future outlook of the current and potential Drone Delivery'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. Drone Delivery's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 224.2 M | |
| Shares Float | 106.5 M |
Drone Delivery Technical Analysis
Drone Delivery's future price can be derived by breaking down and analyzing its technical indicators over time. Drone Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Drone Delivery Canada. In general, you should focus on analyzing Drone Stock price patterns and their correlations with different microeconomic environments and drivers.
Drone Delivery Predictive Forecast Models
Drone Delivery's time-series forecasting models is one of many Drone Delivery'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 Drone Delivery'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 Drone Delivery Canada
Checking the ongoing alerts about Drone Delivery for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Drone Delivery Canada help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Drone Delivery had very high historical volatility over the last 90 days | |
| Drone Delivery has some characteristics of a very speculative penny stock | |
| Drone Delivery has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 34.87 M. Net Loss for the year was (9.46 M) with loss before overhead, payroll, taxes, and interest of (5.21 M). | |
| Drone Delivery Canada has accumulated about 35.19 M in cash with (1.65 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.16, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 30.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Ventum Cap Mkts Has Weak Outlook for CVEFLT FY2024 Earnings - MarketBeat |
Additional Tools for Drone Stock Analysis
When running Drone Delivery's price analysis, check to measure Drone Delivery'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 Drone Delivery is operating at the current time. Most of Drone Delivery's value examination focuses on studying past and present price action to predict the probability of Drone Delivery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Drone Delivery's price. Additionally, you may evaluate how the addition of Drone Delivery to your portfolios can decrease your overall portfolio volatility.