Elin Electronics (India) Probability of Future Stock Price Finishing Under 195.98
| ELIN Stock | 201.70 1.59 0.79% |
Elin |
Elin Electronics Target Price Odds to finish below 195.98
The tendency of Elin 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 drop to 195.98 or more in 90 days |
| 201.70 | 90 days | 195.98 | roughly 2.63 |
Based on a normal probability distribution, the odds of Elin Electronics to drop to 195.98 or more in 90 days from now is roughly 2.63 (This Elin Electronics Limited probability density function shows the probability of Elin Stock to fall within a particular range of prices over 90 days) . Probability of Elin Electronics price to stay between 195.98 and its current price of 201.7 at the end of the 90-day period is roughly 2.61 .
Assuming the 90 days trading horizon Elin Electronics Limited has a beta of -0.33 suggesting as returns on the benchmark increase, returns on holding Elin Electronics are expected to decrease at a much lower rate. During a bear market, however, Elin Electronics Limited is likely to outperform the market. Additionally Elin Electronics Limited 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. Elin Electronics Price Density |
| Price |
Predictive Modules for Elin Electronics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elin Electronics. 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.Elin Electronics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elin Electronics is not an exception. The market had few large corrections towards the Elin Electronics' 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 Elin Electronics Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elin Electronics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0096 | |
β | Beta against Dow Jones | -0.33 | |
σ | Overall volatility | 18.19 | |
Ir | Information ratio | -0.04 |
Elin Electronics 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 Elin Electronics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elin Electronics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Elin Electronics generated a negative expected return over the last 90 days | |
| Elin Electronics has high historical volatility and very poor performance | |
| Elin Electronics is unlikely to experience financial distress in the next 2 years | |
| About 50.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: ELIN ELECTRONICS Share Price Today Up 7 percent - Equitymaster |
Elin Electronics 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 Elin Stock often depends not only on the future outlook of the current and potential Elin Electronics' 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. Elin Electronics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 47.9 M | |
| Cash And Short Term Investments | 930.3 M |
Elin Electronics Technical Analysis
Elin Electronics' future price can be derived by breaking down and analyzing its technical indicators over time. Elin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elin Electronics Limited. In general, you should focus on analyzing Elin Stock price patterns and their correlations with different microeconomic environments and drivers.
Elin Electronics Predictive Forecast Models
Elin Electronics' time-series forecasting models is one of many Elin Electronics' 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 Elin Electronics' 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 Elin Electronics
Checking the ongoing alerts about Elin Electronics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elin Electronics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elin Electronics generated a negative expected return over the last 90 days | |
| Elin Electronics has high historical volatility and very poor performance | |
| Elin Electronics is unlikely to experience financial distress in the next 2 years | |
| About 50.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: ELIN ELECTRONICS Share Price Today Up 7 percent - Equitymaster |
Additional Tools for Elin Stock Analysis
When running Elin Electronics' price analysis, check to measure Elin Electronics' 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 Elin Electronics is operating at the current time. Most of Elin Electronics' value examination focuses on studying past and present price action to predict the probability of Elin Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elin Electronics' price. Additionally, you may evaluate how the addition of Elin Electronics to your portfolios can decrease your overall portfolio volatility.