Elecster Oyj (Finland) Probability of Future Stock Price Finishing Over 3.04
| ELEAV Stock | EUR 3.46 0.02 0.57% |
Elecster |
Elecster Oyj Target Price Odds to finish over 3.04
The tendency of Elecster 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 € 3.04 in 90 days |
| 3.46 | 90 days | 3.04 | close to 99 |
Based on a normal probability distribution, the odds of Elecster Oyj to stay above € 3.04 in 90 days from now is close to 99 (This Elecster Oyj A probability density function shows the probability of Elecster Stock to fall within a particular range of prices over 90 days) . Probability of Elecster Oyj A price to stay between € 3.04 and its current price of €3.46 at the end of the 90-day period is about 11.65 .
Assuming the 90 days trading horizon Elecster Oyj has a beta of 0.0707 suggesting as returns on the market go up, Elecster Oyj average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Elecster Oyj A will be expected to be much smaller as well. Additionally Elecster Oyj A 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. Elecster Oyj Price Density |
| Price |
Predictive Modules for Elecster Oyj
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elecster Oyj A. 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 Elecster Oyj'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.
Elecster Oyj Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elecster Oyj is not an exception. The market had few large corrections towards the Elecster Oyj'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 Elecster Oyj A, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elecster Oyj within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.28 | |
β | Beta against Dow Jones | 0.07 | |
σ | Overall volatility | 0.30 | |
Ir | Information ratio | -0.11 |
Elecster Oyj 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 Elecster Oyj for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elecster Oyj A can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Elecster Oyj A generated a negative expected return over the last 90 days | |
| Elecster Oyj A has high historical volatility and very poor performance | |
| About 46.0% of the company shares are held by company insiders |
Elecster Oyj 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 Elecster Stock often depends not only on the future outlook of the current and potential Elecster Oyj'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. Elecster Oyj's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.7 M |
Elecster Oyj Technical Analysis
Elecster Oyj's future price can be derived by breaking down and analyzing its technical indicators over time. Elecster Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elecster Oyj A. In general, you should focus on analyzing Elecster Stock price patterns and their correlations with different microeconomic environments and drivers.
Elecster Oyj Predictive Forecast Models
Elecster Oyj's time-series forecasting models is one of many Elecster Oyj'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 Elecster Oyj'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 Elecster Oyj A
Checking the ongoing alerts about Elecster Oyj for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elecster Oyj A help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elecster Oyj A generated a negative expected return over the last 90 days | |
| Elecster Oyj A has high historical volatility and very poor performance | |
| About 46.0% of the company shares are held by company insiders |
Other Information on Investing in Elecster Stock
Elecster Oyj financial ratios help investors to determine whether Elecster 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 Elecster with respect to the benefits of owning Elecster Oyj security.