Elevance Health Stock Probability of Future Stock Price Finishing Under 538.23
| ELV Stock | USD 403.60 6.12 1.54% |
Elevance |
Elevance Health Target Price Odds to finish below 538.23
The tendency of Elevance 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 under $ 538.23 after 90 days |
| 403.60 | 90 days | 538.23 | about 82.43 |
Based on a normal probability distribution, the odds of Elevance Health to stay under $ 538.23 after 90 days from now is about 82.43 (This Elevance Health probability density function shows the probability of Elevance Stock to fall within a particular range of prices over 90 days) . Probability of Elevance Health price to stay between its current price of $ 403.60 and $ 538.23 at the end of the 90-day period is about 73.97 .
Considering the 90-day investment horizon Elevance Health has a beta of 0.75 suggesting as returns on the market go up, Elevance Health average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Elevance Health will be expected to be much smaller as well. Additionally Elevance Health 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. Elevance Health Price Density |
| Price |
Predictive Modules for Elevance Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elevance Health. 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.Elevance Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elevance Health is not an exception. The market had few large corrections towards the Elevance Health'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 Elevance Health, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elevance Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.51 | |
β | Beta against Dow Jones | 0.75 | |
σ | Overall volatility | 58.41 | |
Ir | Information ratio | -0.29 |
Elevance Health 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 Elevance Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elevance Health can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Elevance Health generated a negative expected return over the last 90 days | |
| Over 92.0% of the company shares are held by institutions such as insurance companies | |
| On 25th of September 2024 Elevance Health paid $ 1.63 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Dolphin-Owned Elle Communications Client Roster Recognized by Anthem Awards for Outstanding ... |
Elevance Health 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 Elevance Stock often depends not only on the future outlook of the current and potential Elevance Health'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. Elevance Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 237.4 M | |
| Cash And Short Term Investments | 6.5 B |
Elevance Health Technical Analysis
Elevance Health's future price can be derived by breaking down and analyzing its technical indicators over time. Elevance Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elevance Health. In general, you should focus on analyzing Elevance Stock price patterns and their correlations with different microeconomic environments and drivers.
Elevance Health Predictive Forecast Models
Elevance Health's time-series forecasting models is one of many Elevance Health'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 Elevance Health'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 Elevance Health
Checking the ongoing alerts about Elevance Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elevance Health help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elevance Health generated a negative expected return over the last 90 days | |
| Over 92.0% of the company shares are held by institutions such as insurance companies | |
| On 25th of September 2024 Elevance Health paid $ 1.63 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Dolphin-Owned Elle Communications Client Roster Recognized by Anthem Awards for Outstanding ... |
Additional Tools for Elevance Stock Analysis
When running Elevance Health's price analysis, check to measure Elevance Health's 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 Elevance Health is operating at the current time. Most of Elevance Health's value examination focuses on studying past and present price action to predict the probability of Elevance Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevance Health's price. Additionally, you may evaluate how the addition of Elevance Health to your portfolios can decrease your overall portfolio volatility.