Electrocore Llc Stock Probability of Future Stock Price Finishing Over 25.85
| ECOR Stock | USD 11.35 0.14 1.25% |
Electrocore |
Electrocore LLC Target Price Odds to finish over 25.85
The tendency of Electrocore 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 $ 25.85 or more in 90 days |
| 11.35 | 90 days | 25.85 | near 1 |
Based on a normal probability distribution, the odds of Electrocore LLC to move over $ 25.85 or more in 90 days from now is near 1 (This Electrocore LLC probability density function shows the probability of Electrocore Stock to fall within a particular range of prices over 90 days) . Probability of Electrocore LLC price to stay between its current price of $ 11.35 and $ 25.85 at the end of the 90-day period is about 12.9 .
Given the investment horizon of 90 days Electrocore LLC has a beta of -0.66 suggesting as returns on the benchmark increase, returns on holding Electrocore LLC are expected to decrease at a much lower rate. During a bear market, however, Electrocore LLC is likely to outperform the market. Moreover Electrocore LLC has an alpha of 1.154, implying that it can generate a 1.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Electrocore LLC Price Density |
| Price |
Predictive Modules for Electrocore LLC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Electrocore LLC. 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.Electrocore LLC Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Electrocore LLC is not an exception. The market had few large corrections towards the Electrocore LLC'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 Electrocore LLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Electrocore LLC within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.15 | |
β | Beta against Dow Jones | -0.66 | |
σ | Overall volatility | 2.52 | |
Ir | Information ratio | 0.19 |
Electrocore LLC 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 Electrocore LLC for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Electrocore LLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Electrocore LLC is way too risky over 90 days horizon | |
| Electrocore LLC appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 16.03 M. Net Loss for the year was (18.83 M) with profit before overhead, payroll, taxes, and interest of 7.21 M. | |
| Electrocore LLC currently holds about 26.33 M in cash with (14.67 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.37. | |
| Electrocore LLC has a frail financial position based on the latest SEC disclosures | |
| Roughly 25.0% of the company shares are held by company insiders | |
| Latest headline from globenewswire.com: electroCores Truvaga Plus Wins Womans World Magazine 50 over 50 Award |
Electrocore LLC 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 Electrocore Stock often depends not only on the future outlook of the current and potential Electrocore LLC'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. Electrocore LLC's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5.5 M | |
| Cash And Short Term Investments | 10.3 M |
Electrocore LLC Technical Analysis
Electrocore LLC's future price can be derived by breaking down and analyzing its technical indicators over time. Electrocore Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Electrocore LLC. In general, you should focus on analyzing Electrocore Stock price patterns and their correlations with different microeconomic environments and drivers.
Electrocore LLC Predictive Forecast Models
Electrocore LLC's time-series forecasting models is one of many Electrocore LLC'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 Electrocore LLC'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 Electrocore LLC
Checking the ongoing alerts about Electrocore LLC for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Electrocore LLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Electrocore LLC is way too risky over 90 days horizon | |
| Electrocore LLC appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 16.03 M. Net Loss for the year was (18.83 M) with profit before overhead, payroll, taxes, and interest of 7.21 M. | |
| Electrocore LLC currently holds about 26.33 M in cash with (14.67 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.37. | |
| Electrocore LLC has a frail financial position based on the latest SEC disclosures | |
| Roughly 25.0% of the company shares are held by company insiders | |
| Latest headline from globenewswire.com: electroCores Truvaga Plus Wins Womans World Magazine 50 over 50 Award |
Additional Tools for Electrocore Stock Analysis
When running Electrocore LLC's price analysis, check to measure Electrocore LLC'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 Electrocore LLC is operating at the current time. Most of Electrocore LLC's value examination focuses on studying past and present price action to predict the probability of Electrocore LLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electrocore LLC's price. Additionally, you may evaluate how the addition of Electrocore LLC to your portfolios can decrease your overall portfolio volatility.