Draganfly Stock Probability of Future Stock Price Finishing Under 5.29
| DPRO Stock | USD 2.21 0.16 6.75% |
Draganfly |
Draganfly Target Price Odds to finish below 5.29
The tendency of Draganfly 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 stay under $ 5.29 after 90 days |
| 2.21 | 90 days | 5.29 | close to 99 |
Based on a normal probability distribution, the odds of Draganfly to stay under $ 5.29 after 90 days from now is close to 99 (This Draganfly probability density function shows the probability of Draganfly Stock to fall within a particular range of prices over 90 days) . Probability of Draganfly price to stay between its current price of $ 2.21 and $ 5.29 at the end of the 90-day period is about 87.39 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.64 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Draganfly will likely underperform. Additionally Draganfly 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. Draganfly Price Density |
| Price |
Predictive Modules for Draganfly
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Draganfly. 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 Draganfly'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.
Draganfly Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Draganfly is not an exception. The market had few large corrections towards the Draganfly'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 Draganfly, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Draganfly within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.58 | |
β | Beta against Dow Jones | 1.64 | |
σ | Overall volatility | 0.62 | |
Ir | Information ratio | -0.05 |
Draganfly 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 Draganfly for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Draganfly can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Draganfly generated a negative expected return over the last 90 days | |
| Draganfly has high historical volatility and very poor performance | |
| Draganfly has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 6.55 M. Net Loss for the year was (23.61 M) with profit before overhead, payroll, taxes, and interest of 2.77 M. | |
| Draganfly currently holds about 12.45 M in cash with (15.04 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.37. | |
| Latest headline from globenewswire.com: Draganfly to Showcase Latest Drone Innovations at Wings of Saskatchewan in Regina, October 30-31 |
Draganfly 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 Draganfly Stock often depends not only on the future outlook of the current and potential Draganfly'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. Draganfly's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 42.2 M | |
| Cash And Short Term Investments | 3.1 M | |
| Shares Float | 2.8 M |
Draganfly Technical Analysis
Draganfly's future price can be derived by breaking down and analyzing its technical indicators over time. Draganfly Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Draganfly. In general, you should focus on analyzing Draganfly Stock price patterns and their correlations with different microeconomic environments and drivers.
Draganfly Predictive Forecast Models
Draganfly's time-series forecasting models is one of many Draganfly'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 Draganfly'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 Draganfly
Checking the ongoing alerts about Draganfly for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Draganfly help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Draganfly generated a negative expected return over the last 90 days | |
| Draganfly has high historical volatility and very poor performance | |
| Draganfly has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 6.55 M. Net Loss for the year was (23.61 M) with profit before overhead, payroll, taxes, and interest of 2.77 M. | |
| Draganfly currently holds about 12.45 M in cash with (15.04 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.37. | |
| Latest headline from globenewswire.com: Draganfly to Showcase Latest Drone Innovations at Wings of Saskatchewan in Regina, October 30-31 |
Check out Draganfly Backtesting, Draganfly Valuation, Draganfly Correlation, Draganfly Hype Analysis, Draganfly Volatility, Draganfly History as well as Draganfly Performance. To learn how to invest in Draganfly Stock, please use our How to Invest in Draganfly guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Industrial Machinery & Supplies & Components space 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 Draganfly. If investors know Draganfly 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 Draganfly listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.11) | Revenue Per Share 2.826 | Quarterly Revenue Growth (0.09) | Return On Assets (0.86) | Return On Equity (6.07) |
The market value of Draganfly is measured differently than its book value, which is the value of Draganfly that is recorded on the company's balance sheet. Investors also form their own opinion of Draganfly's value that differs from its market value or its book value, called intrinsic value, which is Draganfly's 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 Draganfly's market value can be influenced by many factors that don't directly affect Draganfly's 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 Draganfly's value and its price as these two are different measures arrived at by different means. Investors typically determine if Draganfly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Draganfly's 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.