Eco Oil (UK) Odds of Future Stock Price Finishing Over 12.84
| ECO Stock | 10.63 0.38 3.71% |
Eco |
Eco Oil Target Price Odds to finish over 12.84
The tendency of Eco 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 12.84 or more in 90 days |
| 10.63 | 90 days | 12.84 | roughly 2.92 |
Based on a normal probability distribution, the odds of Eco Oil to move over 12.84 or more in 90 days from now is roughly 2.92 (This Eco Oil Gas probability density function shows the probability of Eco Stock to fall within a particular range of prices over 90 days) . Probability of Eco Oil Gas price to stay between its current price of 10.63 and 12.84 at the end of the 90-day period is about 57.05 .
Assuming the 90 days trading horizon Eco Oil has a beta of 0.21 suggesting as returns on the market go up, Eco Oil average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eco Oil Gas will be expected to be much smaller as well. Additionally Eco Oil Gas 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. Eco Oil Price Density |
| Price |
Predictive Modules for Eco Oil
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eco Oil Gas. 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.Eco Oil Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eco Oil is not an exception. The market had few large corrections towards the Eco Oil'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 Eco Oil Gas, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eco Oil within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | 0.21 | |
σ | Overall volatility | 1.03 | |
Ir | Information ratio | -0.08 |
Eco Oil 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 Eco Oil for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eco Oil Gas can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eco Oil Gas generated a negative expected return over the last 90 days | |
| The company reported the revenue of 1.71 K. Net Loss for the year was (21.14 M) with loss before overhead, payroll, taxes, and interest of (1.93 M). | |
| Eco Oil generates negative cash flow from operations | |
| About 31.0% of the company shares are held by company insiders |
Eco Oil 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 Eco Stock often depends not only on the future outlook of the current and potential Eco Oil'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. Eco Oil's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 369.3 M | |
| Cash And Short Term Investments | 3 M |
Eco Oil Technical Analysis
Eco Oil's future price can be derived by breaking down and analyzing its technical indicators over time. Eco Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eco Oil Gas. In general, you should focus on analyzing Eco Stock price patterns and their correlations with different microeconomic environments and drivers.
Eco Oil Predictive Forecast Models
Eco Oil's time-series forecasting models is one of many Eco Oil'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 Eco Oil'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 Eco Oil Gas
Checking the ongoing alerts about Eco Oil for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eco Oil Gas help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eco Oil Gas generated a negative expected return over the last 90 days | |
| The company reported the revenue of 1.71 K. Net Loss for the year was (21.14 M) with loss before overhead, payroll, taxes, and interest of (1.93 M). | |
| Eco Oil generates negative cash flow from operations | |
| About 31.0% of the company shares are held by company insiders |
Other Information on Investing in Eco Stock
Eco Oil financial ratios help investors to determine whether Eco 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 Eco with respect to the benefits of owning Eco Oil security.