Elah Holdings Stock Probability of Future Pink Sheet Price Finishing Under 13.93
| ELLH Stock | USD 29.51 7.51 34.14% |
Elah |
Elah Holdings Target Price Odds to finish below 13.93
The tendency of Elah Pink Sheet 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 $ 13.93 or more in 90 days |
| 29.51 | 90 days | 13.93 | near 1 |
Based on a normal probability distribution, the odds of Elah Holdings to drop to $ 13.93 or more in 90 days from now is near 1 (This Elah Holdings probability density function shows the probability of Elah Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Elah Holdings price to stay between $ 13.93 and its current price of $29.51 at the end of the 90-day period is about 12.18 .
Given the investment horizon of 90 days Elah Holdings has a beta of -1.09 suggesting Additionally Elah Holdings 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. Elah Holdings Price Density |
| Price |
Predictive Modules for Elah Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elah Holdings. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Elah Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elah Holdings is not an exception. The market had few large corrections towards the Elah Holdings' 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 Elah Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elah Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | -1.09 | |
σ | Overall volatility | 2.42 | |
Ir | Information ratio | -0.04 |
Elah Holdings 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 Elah Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elah Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Elah Holdings generated a negative expected return over the last 90 days | |
| Elah Holdings has high historical volatility and very poor performance | |
| Elah Holdings has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 30 K. Net Loss for the year was (1.87 M) with profit before overhead, payroll, taxes, and interest of 59.1 M. | |
| Elah Holdings currently holds about 24.9 M in cash with (1.71 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.86. |
Elah Holdings 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 Elah Pink Sheet often depends not only on the future outlook of the current and potential Elah Holdings' 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. Elah Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 739.1 K | |
| Shares Float | 20.6 M |
Elah Holdings Technical Analysis
Elah Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. Elah Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elah Holdings. In general, you should focus on analyzing Elah Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Elah Holdings Predictive Forecast Models
Elah Holdings' time-series forecasting models is one of many Elah Holdings' pink sheet 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 Elah Holdings' 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Elah Holdings
Checking the ongoing alerts about Elah Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elah Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elah Holdings generated a negative expected return over the last 90 days | |
| Elah Holdings has high historical volatility and very poor performance | |
| Elah Holdings has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 30 K. Net Loss for the year was (1.87 M) with profit before overhead, payroll, taxes, and interest of 59.1 M. | |
| Elah Holdings currently holds about 24.9 M in cash with (1.71 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.86. |
Other Information on Investing in Elah Pink Sheet
Elah Holdings financial ratios help investors to determine whether Elah Pink Sheet 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 Elah with respect to the benefits of owning Elah Holdings security.