Elentec (Korea) Odds of Future Stock Price Finishing Over 5111.75
| 054210 Stock | KRW 4,830 50.00 1.05% |
Elentec |
Elentec Target Price Odds to finish over 5111.75
The tendency of Elentec 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 over W 5,112 or more in 90 days |
| 4,830 | 90 days | 5,112 | about 87.04 |
Based on a normal probability distribution, the odds of Elentec to move over W 5,112 or more in 90 days from now is about 87.04 (This Elentec Co probability density function shows the probability of Elentec Stock to fall within a particular range of prices over 90 days) . Probability of Elentec price to stay between its current price of W 4,830 and W 5,112 at the end of the 90-day period is about 8.14 .
Assuming the 90 days trading horizon Elentec Co has a beta of -0.12. This suggests as returns on the benchmark increase, returns on holding Elentec are expected to decrease at a much lower rate. During a bear market, however, Elentec Co is likely to outperform the market. Additionally Elentec Co 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. Elentec Price Density |
| Price |
Predictive Modules for Elentec
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elentec. 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.Elentec Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elentec is not an exception. The market had few large corrections towards the Elentec'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 Elentec Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elentec within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.52 | |
β | Beta against Dow Jones | -0.12 | |
σ | Overall volatility | 527.22 | |
Ir | Information ratio | -0.26 |
Elentec 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 Elentec for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elentec can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Elentec generated a negative expected return over the last 90 days | |
| Elentec has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Elentec Co has accumulated 19.14 B in total debt with debt to equity ratio (D/E) of 119.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Elentec has a current ratio of 0.95, 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 Elentec until it has trouble settling it off, either with new capital or with free cash flow. So, Elentec'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 Elentec sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elentec to invest in growth at high rates of return. When we think about Elentec's use of debt, we should always consider it together with cash and equity. | |
| About 45.0% of Elentec shares are owned by insiders or employees |
Elentec 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 Elentec Stock often depends not only on the future outlook of the current and potential Elentec'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. Elentec's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 24.8 M | |
| Cash And Short Term Investments | 76.8 B |
Elentec Technical Analysis
Elentec's future price can be derived by breaking down and analyzing its technical indicators over time. Elentec Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elentec Co. In general, you should focus on analyzing Elentec Stock price patterns and their correlations with different microeconomic environments and drivers.
Elentec Predictive Forecast Models
Elentec's time-series forecasting models is one of many Elentec'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 Elentec'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 Elentec
Checking the ongoing alerts about Elentec for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elentec help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elentec generated a negative expected return over the last 90 days | |
| Elentec has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Elentec Co has accumulated 19.14 B in total debt with debt to equity ratio (D/E) of 119.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Elentec has a current ratio of 0.95, 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 Elentec until it has trouble settling it off, either with new capital or with free cash flow. So, Elentec'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 Elentec sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elentec to invest in growth at high rates of return. When we think about Elentec's use of debt, we should always consider it together with cash and equity. | |
| About 45.0% of Elentec shares are owned by insiders or employees |
Other Information on Investing in Elentec Stock
Elentec financial ratios help investors to determine whether Elentec Stock 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 Elentec with respect to the benefits of owning Elentec security.