EnX (South Africa) Chance of Future Stock Price Finishing Under 492.25
| ENX Stock | 495.00 5.00 1.02% |
EnX |
EnX Target Price Odds to finish below 492.25
The tendency of EnX 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 492.25 or more in 90 days |
| 495.00 | 90 days | 492.25 | about 38.51 |
Based on a normal probability distribution, the odds of EnX to drop to 492.25 or more in 90 days from now is about 38.51 (This enX Group probability density function shows the probability of EnX Stock to fall within a particular range of prices over 90 days) . Probability of enX Group price to stay between 492.25 and its current price of 495.0 at the end of the 90-day period is under 4.
Assuming the 90 days trading horizon enX Group has a beta of -1.15 suggesting Additionally EnX Group 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. EnX Price Density |
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Predictive Modules for EnX
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as enX Group. 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.EnX Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EnX is not an exception. The market had few large corrections towards the EnX'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 enX Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EnX within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0074 | |
β | Beta against Dow Jones | -1.15 | |
σ | Overall volatility | 26.75 | |
Ir | Information ratio | -0.07 |
EnX 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 EnX for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for enX Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| enX Group generated a negative expected return over the last 90 days | |
| enX Group has high historical volatility and very poor performance |
EnX Technical Analysis
EnX's future price can be derived by breaking down and analyzing its technical indicators over time. EnX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of enX Group. In general, you should focus on analyzing EnX Stock price patterns and their correlations with different microeconomic environments and drivers.
EnX Predictive Forecast Models
EnX's time-series forecasting models is one of many EnX'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 EnX'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 enX Group
Checking the ongoing alerts about EnX for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for enX Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| enX Group generated a negative expected return over the last 90 days | |
| enX Group has high historical volatility and very poor performance |