Enad Global (Sweden) Probability of Future Stock Price Finishing Under 13.0
| EG7 Stock | SEK 13.00 0.19 1.48% |
Enad |
Enad Global Target Price Odds to finish below 13.0
The tendency of Enad 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 below current price in 90 days |
| 13.00 | 90 days | 13.00 | about 5.83 |
Based on a normal probability distribution, the odds of Enad Global to move below current price in 90 days from now is about 5.83 (This Enad Global 7 probability density function shows the probability of Enad Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Enad Global 7 has a beta of -0.18 suggesting as returns on the benchmark increase, returns on holding Enad Global are expected to decrease at a much lower rate. During a bear market, however, Enad Global 7 is likely to outperform the market. Additionally Enad Global 7 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. Enad Global Price Density |
| Price |
Predictive Modules for Enad Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enad Global 7. 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.Enad Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Enad Global is not an exception. The market had few large corrections towards the Enad Global'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 Enad Global 7, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Enad Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | -0.18 | |
σ | Overall volatility | 0.64 | |
Ir | Information ratio | -0.1 |
Enad Global 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 Enad Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Enad Global 7 can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Enad Global 7 generated a negative expected return over the last 90 days | |
| Enad Global 7 has accumulated 403.1 M in total debt with debt to equity ratio (D/E) of 0.16, which may suggest the company is not taking enough advantage from borrowing. Enad Global 7 has a current ratio of 0.87, 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 Enad Global until it has trouble settling it off, either with new capital or with free cash flow. So, Enad Global'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 Enad Global 7 sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enad to invest in growth at high rates of return. When we think about Enad Global's use of debt, we should always consider it together with cash and equity. | |
| About 57.0% of Enad Global shares are held by company insiders |
Enad Global 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 Enad Stock often depends not only on the future outlook of the current and potential Enad Global'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. Enad Global's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 76.6 M | |
| Cash And Short Term Investments | 481.2 M |
Enad Global Technical Analysis
Enad Global's future price can be derived by breaking down and analyzing its technical indicators over time. Enad Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Enad Global 7. In general, you should focus on analyzing Enad Stock price patterns and their correlations with different microeconomic environments and drivers.
Enad Global Predictive Forecast Models
Enad Global's time-series forecasting models is one of many Enad Global'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 Enad Global'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 Enad Global 7
Checking the ongoing alerts about Enad Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Enad Global 7 help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Enad Global 7 generated a negative expected return over the last 90 days | |
| Enad Global 7 has accumulated 403.1 M in total debt with debt to equity ratio (D/E) of 0.16, which may suggest the company is not taking enough advantage from borrowing. Enad Global 7 has a current ratio of 0.87, 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 Enad Global until it has trouble settling it off, either with new capital or with free cash flow. So, Enad Global'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 Enad Global 7 sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enad to invest in growth at high rates of return. When we think about Enad Global's use of debt, we should always consider it together with cash and equity. | |
| About 57.0% of Enad Global shares are held by company insiders |
Additional Tools for Enad Stock Analysis
When running Enad Global's price analysis, check to measure Enad Global'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 Enad Global is operating at the current time. Most of Enad Global's value examination focuses on studying past and present price action to predict the probability of Enad Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enad Global's price. Additionally, you may evaluate how the addition of Enad Global to your portfolios can decrease your overall portfolio volatility.