Canadian Western Bank Stock Probability of Future Pink Sheet Price Finishing Over 21.23
| CBWBF Stock | USD 19.37 0.34 1.73% |
Canadian |
Canadian Western Target Price Odds to finish over 21.23
The tendency of Canadian Pink Sheet 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 $ 21.23 or more in 90 days |
| 19.37 | 90 days | 21.23 | about 26.3 |
Based on a normal probability distribution, the odds of Canadian Western to move over $ 21.23 or more in 90 days from now is about 26.3 (This Canadian Western Bank probability density function shows the probability of Canadian Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Canadian Western Bank price to stay between its current price of $ 19.37 and $ 21.23 at the end of the 90-day period is about 68.58 .
Assuming the 90 days horizon Canadian Western has a beta of 0.93 suggesting Canadian Western Bank market returns are reactive to returns on the market. As the market goes up or down, Canadian Western is expected to follow. Additionally Canadian Western Bank has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Canadian Western Price Density |
| Price |
Predictive Modules for Canadian Western
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 Western Bank. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canadian Western's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Canadian Western Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canadian Western is not an exception. The market had few large corrections towards the Canadian Western'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 Canadian Western Bank, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canadian Western within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.27 | |
β | Beta against NYSE Composite | 0.93 | |
σ | Overall volatility | 0.82 | |
Ir | Information ratio | -0.22 |
Canadian Western 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 Western for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canadian Western Bank 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 Western generated a negative expected return over the last 90 days | |
| Canadian Western Bank has accumulated about 425.85 M in cash with (1.85 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.58. |
Canadian Western 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 Pink Sheet often depends not only on the future outlook of the current and potential Canadian Western'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. Canadian Western's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 94.3 M |
Canadian Western Technical Analysis
Canadian Western's future price can be derived by breaking down and analyzing its technical indicators over time. Canadian Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canadian Western Bank. In general, you should focus on analyzing Canadian Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Canadian Western Predictive Forecast Models
Canadian Western's time-series forecasting models is one of many Canadian Western's pink sheet 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 Western'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Canadian Western Bank
Checking the ongoing alerts about Canadian Western for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canadian Western Bank help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canadian Western generated a negative expected return over the last 90 days | |
| Canadian Western Bank has accumulated about 425.85 M in cash with (1.85 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.58. |
Check out Canadian Western Backtesting, Canadian Western Valuation, Canadian Western Correlation, Canadian Western Hype Analysis, Canadian Western Volatility, Canadian Western History as well as Canadian Western Performance. Note that the Canadian Western Bank information on this page should be used as a complementary analysis to other Canadian Western's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Canadian Pink Sheet analysis
When running Canadian Western's price analysis, check to measure Canadian Western'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 Canadian Western is operating at the current time. Most of Canadian Western's value examination focuses on studying past and present price action to predict the probability of Canadian Western's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Western's price. Additionally, you may evaluate how the addition of Canadian Western to your portfolios can decrease your overall portfolio volatility.
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