The Connecticut Light Stock Probability of Future Pink Sheet Price Finishing Under 39.18
| CNTHN Stock | USD 39.20 0.80 2.00% |
Connecticut |
Connecticut Light Target Price Odds to finish below 39.18
The tendency of Connecticut 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 $ 39.18 or more in 90 days |
| 39.20 | 90 days | 39.18 | under 4 |
Based on a normal probability distribution, the odds of Connecticut Light to drop to $ 39.18 or more in 90 days from now is under 4 (This The Connecticut Light probability density function shows the probability of Connecticut Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Connecticut Light price to stay between $ 39.18 and its current price of $39.2 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon The Connecticut Light has a beta of -0.3 suggesting as returns on the benchmark increase, returns on holding Connecticut Light are expected to decrease at a much lower rate. During a bear market, however, The Connecticut Light is likely to outperform the market. Additionally The Connecticut Light 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. Connecticut Light Price Density |
| Price |
Predictive Modules for Connecticut Light
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Connecticut Light. 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 Connecticut Light'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.
Connecticut Light Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Connecticut Light is not an exception. The market had few large corrections towards the Connecticut Light'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 The Connecticut Light, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Connecticut Light within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | -0.3 | |
σ | Overall volatility | 0.50 | |
Ir | Information ratio | 0.02 |
Connecticut Light 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 Connecticut Light for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Connecticut Light can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Connecticut Light generated a negative expected return over the last 90 days | |
| The Connecticut Light has accumulated 4.28 B in total debt with debt to equity ratio (D/E) of 0.75, which is about average as compared to similar companies. Connecticut Light has a current ratio of 0.78, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Connecticut Light until it has trouble settling it off, either with new capital or with free cash flow. So, Connecticut Light's 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 Connecticut Light sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Connecticut to invest in growth at high rates of return. When we think about Connecticut Light's use of debt, we should always consider it together with cash and equity. |
Connecticut Light 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 Connecticut Pink Sheet often depends not only on the future outlook of the current and potential Connecticut Light'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. Connecticut Light's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 344.6 K | |
| Cash And Short Term Investments | 66.77 |
Connecticut Light Technical Analysis
Connecticut Light's future price can be derived by breaking down and analyzing its technical indicators over time. Connecticut Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of The Connecticut Light. In general, you should focus on analyzing Connecticut Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Connecticut Light Predictive Forecast Models
Connecticut Light's time-series forecasting models is one of many Connecticut Light'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 Connecticut Light'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 Connecticut Light
Checking the ongoing alerts about Connecticut Light for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Connecticut Light help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Connecticut Light generated a negative expected return over the last 90 days | |
| The Connecticut Light has accumulated 4.28 B in total debt with debt to equity ratio (D/E) of 0.75, which is about average as compared to similar companies. Connecticut Light has a current ratio of 0.78, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Connecticut Light until it has trouble settling it off, either with new capital or with free cash flow. So, Connecticut Light's 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 Connecticut Light sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Connecticut to invest in growth at high rates of return. When we think about Connecticut Light's use of debt, we should always consider it together with cash and equity. |
Other Information on Investing in Connecticut Pink Sheet
Connecticut Light financial ratios help investors to determine whether Connecticut Pink Sheet 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 Connecticut with respect to the benefits of owning Connecticut Light security.