Electrovaya Probability of Future OTC Stock Price Finishing Under 0.77
| EFLVFDelisted Stock | USD 5.04 0.31 5.79% |
Electrovaya |
Electrovaya Target Price Odds to finish below 0.77
The tendency of Electrovaya OTC 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 drop to $ 0.77 or more in 90 days |
| 5.04 | 90 days | 0.77 | near 1 |
Based on a normal probability distribution, the odds of Electrovaya to drop to $ 0.77 or more in 90 days from now is near 1 (This Electrovaya probability density function shows the probability of Electrovaya OTC Stock to fall within a particular range of prices over 90 days) . Probability of Electrovaya price to stay between $ 0.77 and its current price of $5.04 at the end of the 90-day period is roughly 96.0 .
Assuming the 90 days horizon Electrovaya has a beta of -0.62 suggesting as returns on the benchmark increase, returns on holding Electrovaya are expected to decrease at a much lower rate. During a bear market, however, Electrovaya is likely to outperform the market. Additionally Electrovaya has an alpha of 0.526, implying that it can generate a 0.53 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Electrovaya Price Density |
| Price |
Predictive Modules for Electrovaya
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Electrovaya. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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 Electrovaya'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.
Electrovaya Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Electrovaya is not an exception. The market had few large corrections towards the Electrovaya'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 Electrovaya, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Electrovaya within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.53 | |
β | Beta against Dow Jones | -0.62 | |
σ | Overall volatility | 0.62 | |
Ir | Information ratio | 0.08 |
Electrovaya 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 Electrovaya for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Electrovaya can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Electrovaya is not yet fully synchronised with the market data | |
| Electrovaya has a very high chance of going through financial distress in the upcoming years | |
| Electrovaya has accumulated 18.74 M in total debt. Electrovaya has a current ratio of 0.7, 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 Electrovaya until it has trouble settling it off, either with new capital or with free cash flow. So, Electrovaya'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 Electrovaya sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Electrovaya to invest in growth at high rates of return. When we think about Electrovaya's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 19.17 M. Net Loss for the year was (6.55 M) with profit before overhead, payroll, taxes, and interest of 4.89 M. | |
| Electrovaya has accumulated about 955 K in cash with (11.81 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 34.0% of the company shares are held by company insiders |
Electrovaya 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 Electrovaya OTC Stock often depends not only on the future outlook of the current and potential Electrovaya'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. Electrovaya's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 164.7 M | |
| Short Long Term Debt | 16.6 M |
Electrovaya Technical Analysis
Electrovaya's future price can be derived by breaking down and analyzing its technical indicators over time. Electrovaya OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Electrovaya. In general, you should focus on analyzing Electrovaya OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Electrovaya Predictive Forecast Models
Electrovaya's time-series forecasting models is one of many Electrovaya's otc 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 Electrovaya'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 otc stock market movement and maximize returns from investment trading.
Things to note about Electrovaya
Checking the ongoing alerts about Electrovaya for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Electrovaya help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Electrovaya is not yet fully synchronised with the market data | |
| Electrovaya has a very high chance of going through financial distress in the upcoming years | |
| Electrovaya has accumulated 18.74 M in total debt. Electrovaya has a current ratio of 0.7, 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 Electrovaya until it has trouble settling it off, either with new capital or with free cash flow. So, Electrovaya'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 Electrovaya sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Electrovaya to invest in growth at high rates of return. When we think about Electrovaya's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 19.17 M. Net Loss for the year was (6.55 M) with profit before overhead, payroll, taxes, and interest of 4.89 M. | |
| Electrovaya has accumulated about 955 K in cash with (11.81 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 34.0% of the company shares are held by company insiders |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Other Consideration for investing in Electrovaya OTC Stock
If you are still planning to invest in Electrovaya check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Electrovaya's history and understand the potential risks before investing.
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