Cardno Limited Stock Chance of Future Pink Sheet Price Finishing Under 0.01
| COLDF Stock | USD 0.20 0.00 0.00% |
Cardno |
Cardno Target Price Odds to finish below 0.01
The tendency of Cardno 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 drop to $ 0.01 or more in 90 days |
| 0.20 | 90 days | 0.01 | about 1.19 |
Based on a normal probability distribution, the odds of Cardno to drop to $ 0.01 or more in 90 days from now is about 1.19 (This Cardno Limited probability density function shows the probability of Cardno Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Cardno Limited price to stay between $ 0.01 and its current price of $0.2 at the end of the 90-day period is about 53.79 .
Assuming the 90 days horizon Cardno Limited has a beta of -3.98 suggesting as returns on its benchmark rise, returns on holding Cardno Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Cardno is expected to outperform its benchmark. In addition to that Cardno Limited has an alpha of 3.9708, implying that it can generate a 3.97 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Cardno Price Density |
| Price |
Predictive Modules for Cardno
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cardno Limited. 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 Cardno'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.
Cardno Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cardno is not an exception. The market had few large corrections towards the Cardno'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 Cardno Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cardno within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 3.97 | |
β | Beta against NYSE Composite | -3.98 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | 0.09 |
Cardno 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 Cardno for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cardno Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cardno Limited is way too risky over 90 days horizon | |
| Cardno Limited has some characteristics of a very speculative penny stock | |
| Cardno Limited appears to be risky and price may revert if volatility continues | |
| Cardno Limited has accumulated about 46.61 M in cash with (21.73 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.19, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 66.0% of the company shares are held by institutions such as insurance companies |
Cardno 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 Cardno Pink Sheet often depends not only on the future outlook of the current and potential Cardno'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. Cardno's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 39.1 M |
Cardno Technical Analysis
Cardno's future price can be derived by breaking down and analyzing its technical indicators over time. Cardno Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cardno Limited. In general, you should focus on analyzing Cardno Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Cardno Predictive Forecast Models
Cardno's time-series forecasting models is one of many Cardno'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 Cardno'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 Cardno Limited
Checking the ongoing alerts about Cardno for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cardno Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cardno Limited is way too risky over 90 days horizon | |
| Cardno Limited has some characteristics of a very speculative penny stock | |
| Cardno Limited appears to be risky and price may revert if volatility continues | |
| Cardno Limited has accumulated about 46.61 M in cash with (21.73 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.19, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 66.0% of the company shares are held by institutions such as insurance companies |
Check out Cardno Backtesting, Cardno Valuation, Cardno Correlation, Cardno Hype Analysis, Cardno Volatility, Cardno History as well as Cardno Performance. Note that the Cardno Limited information on this page should be used as a complementary analysis to other Cardno'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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Cardno Pink Sheet analysis
When running Cardno's price analysis, check to measure Cardno'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 Cardno is operating at the current time. Most of Cardno's value examination focuses on studying past and present price action to predict the probability of Cardno's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cardno's price. Additionally, you may evaluate how the addition of Cardno to your portfolios can decrease your overall portfolio volatility.
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