Ethernity Networks (UK) Probability of Future Stock Price Finishing Under 0.0916
| ENET Stock | 0.12 0.01 7.69% |
Ethernity |
Ethernity Networks Target Price Odds to finish below 0.0916
The tendency of Ethernity 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 0.09 or more in 90 days |
| 0.12 | 90 days | 0.09 | about 6.87 |
Based on a normal probability distribution, the odds of Ethernity Networks to drop to 0.09 or more in 90 days from now is about 6.87 (This Ethernity Networks probability density function shows the probability of Ethernity Stock to fall within a particular range of prices over 90 days) . Probability of Ethernity Networks price to stay between 0.09 and its current price of 0.12 at the end of the 90-day period is nearly 4.62 .
Assuming the 90 days trading horizon Ethernity Networks has a beta of -0.63 suggesting as returns on the benchmark increase, returns on holding Ethernity Networks are expected to decrease at a much lower rate. During a bear market, however, Ethernity Networks is likely to outperform the market. Additionally Ethernity Networks 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. Ethernity Networks Price Density |
| Price |
Predictive Modules for Ethernity Networks
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ethernity Networks. 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.Ethernity Networks Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ethernity Networks is not an exception. The market had few large corrections towards the Ethernity Networks' 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 Ethernity Networks, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ethernity Networks within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.63 | |
β | Beta against Dow Jones | -0.63 | |
σ | Overall volatility | 0.10 | |
Ir | Information ratio | -0.22 |
Ethernity Networks 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 Ethernity Networks for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ethernity Networks can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ethernity Networks generated a negative expected return over the last 90 days | |
| Ethernity Networks has high historical volatility and very poor performance | |
| Ethernity Networks has some characteristics of a very speculative penny stock | |
| Ethernity Networks has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 3.78 M. Net Loss for the year was (6.36 M) with profit before overhead, payroll, taxes, and interest of 1.94 M. | |
| Ethernity Networks generates negative cash flow from operations |
Ethernity Networks 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 Ethernity Stock often depends not only on the future outlook of the current and potential Ethernity Networks' 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. Ethernity Networks' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 143.9 M | |
| Cash And Short Term Investments | 2 M |
Ethernity Networks Technical Analysis
Ethernity Networks' future price can be derived by breaking down and analyzing its technical indicators over time. Ethernity Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ethernity Networks. In general, you should focus on analyzing Ethernity Stock price patterns and their correlations with different microeconomic environments and drivers.
Ethernity Networks Predictive Forecast Models
Ethernity Networks' time-series forecasting models is one of many Ethernity Networks' 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 Ethernity Networks' 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 Ethernity Networks
Checking the ongoing alerts about Ethernity Networks for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ethernity Networks help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ethernity Networks generated a negative expected return over the last 90 days | |
| Ethernity Networks has high historical volatility and very poor performance | |
| Ethernity Networks has some characteristics of a very speculative penny stock | |
| Ethernity Networks has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 3.78 M. Net Loss for the year was (6.36 M) with profit before overhead, payroll, taxes, and interest of 1.94 M. | |
| Ethernity Networks generates negative cash flow from operations |
Additional Tools for Ethernity Stock Analysis
When running Ethernity Networks' price analysis, check to measure Ethernity Networks' 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 Ethernity Networks is operating at the current time. Most of Ethernity Networks' value examination focuses on studying past and present price action to predict the probability of Ethernity Networks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ethernity Networks' price. Additionally, you may evaluate how the addition of Ethernity Networks to your portfolios can decrease your overall portfolio volatility.