Elliptic Laboratories (Norway) Probability of Future Stock Price Finishing Under 13.02
| ELABS Stock | NOK 9.47 0.33 3.37% |
Elliptic |
Elliptic Laboratories Target Price Odds to finish below 13.02
The tendency of Elliptic 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 stay under 13.02 after 90 days |
| 9.47 | 90 days | 13.02 | about 78.18 |
Based on a normal probability distribution, the odds of Elliptic Laboratories to stay under 13.02 after 90 days from now is about 78.18 (This Elliptic Laboratories AS probability density function shows the probability of Elliptic Stock to fall within a particular range of prices over 90 days) . Probability of Elliptic Laboratories price to stay between its current price of 9.47 and 13.02 at the end of the 90-day period is about 75.32 .
Assuming the 90 days trading horizon Elliptic Laboratories AS has a beta of -0.12 suggesting as returns on the benchmark increase, returns on holding Elliptic Laboratories are expected to decrease at a much lower rate. During a bear market, however, Elliptic Laboratories AS is likely to outperform the market. Additionally Elliptic Laboratories AS 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. Elliptic Laboratories Price Density |
| Price |
Predictive Modules for Elliptic Laboratories
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elliptic Laboratories. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elliptic Laboratories' 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.
Elliptic Laboratories Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elliptic Laboratories is not an exception. The market had few large corrections towards the Elliptic Laboratories' 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 Elliptic Laboratories AS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elliptic Laboratories within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.41 | |
β | Beta against Dow Jones | -0.12 | |
σ | Overall volatility | 1.33 | |
Ir | Information ratio | -0.15 |
Elliptic Laboratories 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 Elliptic Laboratories for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elliptic Laboratories can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Elliptic Laboratories generated a negative expected return over the last 90 days | |
| Elliptic Laboratories has high historical volatility and very poor performance | |
| Elliptic Laboratories has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 54.6 M. Net Loss for the year was (13.09 M) with profit before overhead, payroll, taxes, and interest of 3.79 M. | |
| Elliptic Laboratories AS has accumulated about 216.83 M in cash with (10.82 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.94, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 31.0% of the company shares are held by company insiders |
Elliptic Laboratories 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 Elliptic Stock often depends not only on the future outlook of the current and potential Elliptic Laboratories' 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. Elliptic Laboratories' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 107.5 M | |
| Cash And Short Term Investments | 216.8 M |
Elliptic Laboratories Technical Analysis
Elliptic Laboratories' future price can be derived by breaking down and analyzing its technical indicators over time. Elliptic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elliptic Laboratories AS. In general, you should focus on analyzing Elliptic Stock price patterns and their correlations with different microeconomic environments and drivers.
Elliptic Laboratories Predictive Forecast Models
Elliptic Laboratories' time-series forecasting models is one of many Elliptic Laboratories' 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 Elliptic Laboratories' 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 Elliptic Laboratories
Checking the ongoing alerts about Elliptic Laboratories for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elliptic Laboratories help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elliptic Laboratories generated a negative expected return over the last 90 days | |
| Elliptic Laboratories has high historical volatility and very poor performance | |
| Elliptic Laboratories has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 54.6 M. Net Loss for the year was (13.09 M) with profit before overhead, payroll, taxes, and interest of 3.79 M. | |
| Elliptic Laboratories AS has accumulated about 216.83 M in cash with (10.82 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.94, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 31.0% of the company shares are held by company insiders |
Other Information on Investing in Elliptic Stock
Elliptic Laboratories financial ratios help investors to determine whether Elliptic 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 Elliptic with respect to the benefits of owning Elliptic Laboratories security.