Enduro Metals Corp Stock Probability of Future Stock Price Finishing Over 15.05
| ENDR Stock | CAD 0.17 0.01 5.56% |
Enduro |
Enduro Metals Target Price Odds to finish over 15.05
The tendency of Enduro 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 C$ 15.05 or more in 90 days |
| 0.17 | 90 days | 15.05 | close to zero percent |
Based on a normal probability distribution, the odds of Enduro Metals to move over C$ 15.05 or more in 90 days from now is close to zero percent (This Enduro Metals Corp probability density function shows the probability of Enduro Stock to fall within a particular range of prices over 90 days) . Probability of Enduro Metals Corp price to stay between its current price of C$ 0.17 and C$ 15.05 at the end of the 90-day period is about 98.0 .
Assuming the 90 days trading horizon Enduro Metals Corp has a beta of -2.24 suggesting as returns on its benchmark rise, returns on holding Enduro Metals Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Enduro Metals is expected to outperform its benchmark. Additionally Enduro Metals Corp 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. Enduro Metals Price Density |
| Price |
Predictive Modules for Enduro Metals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enduro Metals Corp. 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.Enduro Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Enduro Metals is not an exception. The market had few large corrections towards the Enduro Metals' 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 Enduro Metals Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Enduro Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | -2.24 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.1 |
Enduro Metals 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 Enduro Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Enduro Metals Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Enduro Metals Corp generated a negative expected return over the last 90 days | |
| Enduro Metals Corp has some characteristics of a very speculative penny stock | |
| Enduro Metals Corp has high historical volatility and very poor performance | |
| Net Loss for the year was (1.09 M) with loss before overhead, payroll, taxes, and interest of (15.03 K). | |
| Enduro Metals Corp has accumulated about 3.85 M in cash with (589.6 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 20.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Enduro Metals Price-to-Operating-Cash-Flow - GuruFocus.com |
Enduro Metals 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 Enduro Stock often depends not only on the future outlook of the current and potential Enduro Metals' 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. Enduro Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 24.1 M | |
| Cash And Short Term Investments | 487.5 K |
Enduro Metals Technical Analysis
Enduro Metals' future price can be derived by breaking down and analyzing its technical indicators over time. Enduro Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Enduro Metals Corp. In general, you should focus on analyzing Enduro Stock price patterns and their correlations with different microeconomic environments and drivers.
Enduro Metals Predictive Forecast Models
Enduro Metals' time-series forecasting models is one of many Enduro Metals' 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 Enduro Metals' 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 Enduro Metals Corp
Checking the ongoing alerts about Enduro Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Enduro Metals Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Enduro Metals Corp generated a negative expected return over the last 90 days | |
| Enduro Metals Corp has some characteristics of a very speculative penny stock | |
| Enduro Metals Corp has high historical volatility and very poor performance | |
| Net Loss for the year was (1.09 M) with loss before overhead, payroll, taxes, and interest of (15.03 K). | |
| Enduro Metals Corp has accumulated about 3.85 M in cash with (589.6 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 20.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Enduro Metals Price-to-Operating-Cash-Flow - GuruFocus.com |
Additional Tools for Enduro Stock Analysis
When running Enduro Metals' price analysis, check to measure Enduro Metals' 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 Enduro Metals is operating at the current time. Most of Enduro Metals' value examination focuses on studying past and present price action to predict the probability of Enduro Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enduro Metals' price. Additionally, you may evaluate how the addition of Enduro Metals to your portfolios can decrease your overall portfolio volatility.