Elcom Technology (Vietnam) Probability of Future Stock Price Finishing Over 25200.0
| ELC Stock | 26,200 600.00 2.34% |
Elcom |
Elcom Technology Target Price Odds to finish over 25200.0
The tendency of Elcom 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 above 25,200 in 90 days |
| 26,200 | 90 days | 25,200 | about 31.2 |
Based on a normal probability distribution, the odds of Elcom Technology to stay above 25,200 in 90 days from now is about 31.2 (This Elcom Technology Communications probability density function shows the probability of Elcom Stock to fall within a particular range of prices over 90 days) . Probability of Elcom Technology Com price to stay between 25,200 and its current price of 26200.0 at the end of the 90-day period is about 25.76 .
Assuming the 90 days trading horizon Elcom Technology has a beta of 0.38 suggesting as returns on the market go up, Elcom Technology average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Elcom Technology Communications will be expected to be much smaller as well. Additionally Elcom Technology Communications has an alpha of 0.1027, implying that it can generate a 0.1 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Elcom Technology Price Density |
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Predictive Modules for Elcom Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elcom Technology Com. 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.Elcom Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elcom Technology is not an exception. The market had few large corrections towards the Elcom Technology'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 Elcom Technology Communications, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elcom Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.10 | |
β | Beta against Dow Jones | 0.38 | |
σ | Overall volatility | 898.04 | |
Ir | Information ratio | 0.02 |
Elcom Technology Technical Analysis
Elcom Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Elcom Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elcom Technology Communications. In general, you should focus on analyzing Elcom Stock price patterns and their correlations with different microeconomic environments and drivers.
Elcom Technology Predictive Forecast Models
Elcom Technology's time-series forecasting models is one of many Elcom Technology'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 Elcom Technology'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Elcom Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Elcom Technology's short interest history, or implied volatility extrapolated from Elcom Technology options trading.
Other Information on Investing in Elcom Stock
Elcom Technology financial ratios help investors to determine whether Elcom 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 Elcom with respect to the benefits of owning Elcom Technology security.