Cannae Holdings Stock Probability of Future Stock Price Finishing Over 19.85
| CNNE Stock | USD 19.85 0.28 1.39% |
Cannae |
Cannae Holdings Target Price Odds to finish over 19.85
The tendency of Cannae 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 above the current price in 90 days |
| 19.85 | 90 days | 19.85 | about 87.67 |
Based on a normal probability distribution, the odds of Cannae Holdings to move above the current price in 90 days from now is about 87.67 (This Cannae Holdings probability density function shows the probability of Cannae Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Cannae Holdings has a beta of 0.87 suggesting Cannae Holdings market returns are highly-sensitive to returns on the market. As the market goes up or down, Cannae Holdings is expected to follow. Additionally Cannae Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Cannae Holdings Price Density |
| Price |
Predictive Modules for Cannae Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cannae Holdings. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cannae Holdings' 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.
Cannae Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cannae Holdings is not an exception. The market had few large corrections towards the Cannae Holdings' 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 Cannae Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cannae Holdings within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.2 | |
β | Beta against NYSE Composite | 0.87 | |
σ | Overall volatility | 1.01 | |
Ir | Information ratio | -0.12 |
Cannae Holdings 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 Cannae Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cannae Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cannae Holdings generated a negative expected return over the last 90 days | |
| The company currently holds 261.1 M in liabilities with Debt to Equity (D/E) ratio of 0.11, which may suggest the company is not taking enough advantage from borrowing. Cannae Holdings has a current ratio of 0.68, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Cannae Holdings until it has trouble settling it off, either with new capital or with free cash flow. So, Cannae Holdings' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cannae Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cannae to invest in growth at high rates of return. When we think about Cannae Holdings' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 570 M. Net Loss for the year was (313.4 M) with profit before overhead, payroll, taxes, and interest of 31.2 M. | |
| Cannae Holdings currently holds about 100.6 M in cash with (35.1 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.25. | |
| Over 96.0% of Cannae Holdings shares are held by institutions such as insurance companies |
Cannae Holdings 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 Cannae Stock often depends not only on the future outlook of the current and potential Cannae Holdings' 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. Cannae Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 73.4 M | |
| Cash And Short Term Investments | 121.8 M |
Cannae Holdings Technical Analysis
Cannae Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. Cannae Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cannae Holdings. In general, you should focus on analyzing Cannae Stock price patterns and their correlations with different microeconomic environments and drivers.
Cannae Holdings Predictive Forecast Models
Cannae Holdings' time-series forecasting models is one of many Cannae Holdings' 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 Cannae Holdings' 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 Cannae Holdings
Checking the ongoing alerts about Cannae Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cannae Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cannae Holdings generated a negative expected return over the last 90 days | |
| The company currently holds 261.1 M in liabilities with Debt to Equity (D/E) ratio of 0.11, which may suggest the company is not taking enough advantage from borrowing. Cannae Holdings has a current ratio of 0.68, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Cannae Holdings until it has trouble settling it off, either with new capital or with free cash flow. So, Cannae Holdings' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cannae Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cannae to invest in growth at high rates of return. When we think about Cannae Holdings' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 570 M. Net Loss for the year was (313.4 M) with profit before overhead, payroll, taxes, and interest of 31.2 M. | |
| Cannae Holdings currently holds about 100.6 M in cash with (35.1 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.25. | |
| Over 96.0% of Cannae Holdings shares are held by institutions such as insurance companies |
Check out Cannae Holdings Backtesting, Cannae Holdings Valuation, Cannae Holdings Correlation, Cannae Holdings Hype Analysis, Cannae Holdings Volatility, Cannae Holdings History as well as Cannae Holdings Performance. For information on how to trade Cannae Stock refer to our How to Trade Cannae Stock guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Cannae Stock analysis
When running Cannae Holdings' price analysis, check to measure Cannae Holdings' 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 Cannae Holdings is operating at the current time. Most of Cannae Holdings' value examination focuses on studying past and present price action to predict the probability of Cannae Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cannae Holdings' price. Additionally, you may evaluate how the addition of Cannae Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Cannae Holdings' industry 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 Cannae Holdings. If investors know Cannae 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 Cannae Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Cannae Holdings is measured differently than its book value, which is the value of Cannae that is recorded on the company's balance sheet. Investors also form their own opinion of Cannae Holdings' value that differs from its market value or its book value, called intrinsic value, which is Cannae Holdings' 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 Cannae Holdings' market value can be influenced by many factors that don't directly affect Cannae Holdings' 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 Cannae Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cannae Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cannae Holdings' 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.