Elicera Therapeutics (Sweden) Probability of Future Stock Price Finishing Over 2.36
| ELIC Stock | 1.89 0.15 8.62% |
Elicera |
Elicera Therapeutics Target Price Odds to finish over 2.36
The tendency of Elicera 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 over 2.36 or more in 90 days |
| 1.89 | 90 days | 2.36 | near 1 |
Based on a normal probability distribution, the odds of Elicera Therapeutics to move over 2.36 or more in 90 days from now is near 1 (This Elicera Therapeutics AB probability density function shows the probability of Elicera Stock to fall within a particular range of prices over 90 days) . Probability of Elicera Therapeutics price to stay between its current price of 1.89 and 2.36 at the end of the 90-day period is about 13.03 .
Assuming the 90 days trading horizon Elicera Therapeutics AB has a beta of -0.91 suggesting Additionally Elicera Therapeutics AB has an alpha of 0.4531, implying that it can generate a 0.45 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Elicera Therapeutics Price Density |
| Price |
Predictive Modules for Elicera Therapeutics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elicera Therapeutics. 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.Elicera Therapeutics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elicera Therapeutics is not an exception. The market had few large corrections towards the Elicera Therapeutics' 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 Elicera Therapeutics AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elicera Therapeutics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.45 | |
β | Beta against Dow Jones | -0.91 | |
σ | Overall volatility | 0.16 | |
Ir | Information ratio | 0.09 |
Elicera Therapeutics 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 Elicera Therapeutics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elicera Therapeutics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Elicera Therapeutics may become a speculative penny stock | |
| Elicera Therapeutics appears to be risky and price may revert if volatility continues | |
| Elicera Therapeutics has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 587. Net Loss for the year was (13.12 M) with profit before overhead, payroll, taxes, and interest of 587. | |
| Elicera Therapeutics generates negative cash flow from operations | |
| About 63.0% of the company shares are held by company insiders |
Elicera Therapeutics 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 Elicera Stock often depends not only on the future outlook of the current and potential Elicera Therapeutics' 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. Elicera Therapeutics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 19.8 M | |
| Cash And Short Term Investments | 52.4 M |
Elicera Therapeutics Technical Analysis
Elicera Therapeutics' future price can be derived by breaking down and analyzing its technical indicators over time. Elicera Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elicera Therapeutics AB. In general, you should focus on analyzing Elicera Stock price patterns and their correlations with different microeconomic environments and drivers.
Elicera Therapeutics Predictive Forecast Models
Elicera Therapeutics' time-series forecasting models is one of many Elicera Therapeutics' 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 Elicera Therapeutics' 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 Elicera Therapeutics
Checking the ongoing alerts about Elicera Therapeutics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elicera Therapeutics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elicera Therapeutics may become a speculative penny stock | |
| Elicera Therapeutics appears to be risky and price may revert if volatility continues | |
| Elicera Therapeutics has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 587. Net Loss for the year was (13.12 M) with profit before overhead, payroll, taxes, and interest of 587. | |
| Elicera Therapeutics generates negative cash flow from operations | |
| About 63.0% of the company shares are held by company insiders |
Additional Tools for Elicera Stock Analysis
When running Elicera Therapeutics' price analysis, check to measure Elicera Therapeutics' 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 Elicera Therapeutics is operating at the current time. Most of Elicera Therapeutics' value examination focuses on studying past and present price action to predict the probability of Elicera Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elicera Therapeutics' price. Additionally, you may evaluate how the addition of Elicera Therapeutics to your portfolios can decrease your overall portfolio volatility.