Goodfood Market Corp Stock Probability of Future Stock Price Finishing Over 15.12
| FOOD Stock | CAD 0.40 0.03 6.98% |
Goodfood |
Goodfood Market Target Price Odds to finish over 15.12
The tendency of Goodfood 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 over C$ 15.12 or more in 90 days |
| 0.40 | 90 days | 15.12 | close to zero percent |
Based on a normal probability distribution, the odds of Goodfood Market to move over C$ 15.12 or more in 90 days from now is close to zero percent (This Goodfood Market Corp probability density function shows the probability of Goodfood Stock to fall within a particular range of prices over 90 days) . Probability of Goodfood Market Corp price to stay between its current price of C$ 0.40 and C$ 15.12 at the end of the 90-day period is about 30.33 .
Assuming the 90 days trading horizon Goodfood Market Corp has a beta of -0.24. This usually indicates as returns on the benchmark increase, returns on holding Goodfood Market are expected to decrease at a much lower rate. During a bear market, however, Goodfood Market Corp is likely to outperform the market. Additionally Goodfood Market Corp has an alpha of 0.6438, implying that it can generate a 0.64 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Goodfood Market Price Density |
| Price |
Predictive Modules for Goodfood Market
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Goodfood Market Corp. 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.Goodfood Market Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Goodfood Market is not an exception. The market had few large corrections towards the Goodfood Market'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 Goodfood Market Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Goodfood Market within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.64 | |
β | Beta against Dow Jones | -0.24 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | 0.13 |
Goodfood Market 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 Goodfood Market for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Goodfood Market Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Goodfood Market Corp has some characteristics of a very speculative penny stock | |
| Goodfood Market Corp appears to be risky and price may revert if volatility continues | |
| Goodfood Market Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 168.56 M. Net Loss for the year was (16.46 M) with profit before overhead, payroll, taxes, and interest of 68.06 M. | |
| Goodfood Market Corp has accumulated about 36.88 M in cash with (9.35 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.22, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 23.0% of the company shares are held by company insiders |
Goodfood Market 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 Goodfood Stock often depends not only on the future outlook of the current and potential Goodfood Market'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. Goodfood Market's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 76.1 M | |
| Cash And Short Term Investments | 24.9 M |
Goodfood Market Technical Analysis
Goodfood Market's future price can be derived by breaking down and analyzing its technical indicators over time. Goodfood Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Goodfood Market Corp. In general, you should focus on analyzing Goodfood Stock price patterns and their correlations with different microeconomic environments and drivers.
Goodfood Market Predictive Forecast Models
Goodfood Market's time-series forecasting models is one of many Goodfood Market'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 Goodfood Market'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 Goodfood Market Corp
Checking the ongoing alerts about Goodfood Market for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Goodfood Market Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Goodfood Market Corp has some characteristics of a very speculative penny stock | |
| Goodfood Market Corp appears to be risky and price may revert if volatility continues | |
| Goodfood Market Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 168.56 M. Net Loss for the year was (16.46 M) with profit before overhead, payroll, taxes, and interest of 68.06 M. | |
| Goodfood Market Corp has accumulated about 36.88 M in cash with (9.35 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.22, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 23.0% of the company shares are held by company insiders |
Other Information on Investing in Goodfood Stock
Goodfood Market financial ratios help investors to determine whether Goodfood Stock 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 Goodfood with respect to the benefits of owning Goodfood Market security.