Elcora Advanced Materials Stock Probability of Future Stock Price Finishing Over 0.0197
| ERA Stock | CAD 0.02 0.00 0.00% |
Elcora |
Elcora Advanced Target Price Odds to finish over 0.0197
The tendency of Elcora 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 above C$ 0.02 in 90 days |
| 0.02 | 90 days | 0.02 | about 57.16 |
Based on a normal probability distribution, the odds of Elcora Advanced to stay above C$ 0.02 in 90 days from now is about 57.16 (This Elcora Advanced Materials probability density function shows the probability of Elcora Stock to fall within a particular range of prices over 90 days) . Probability of Elcora Advanced Materials price to stay between C$ 0.02 and its current price of C$0.02 at the end of the 90-day period is nearly 4.29 .
Assuming the 90 days horizon Elcora Advanced has a beta of 0.89 suggesting Elcora Advanced Materials market returns are correlated to returns on the market. As the market goes up or down, Elcora Advanced is expected to follow. Additionally Elcora Advanced Materials has an alpha of 0.1036, implying that it can generate a 0.1 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Elcora Advanced Price Density |
| Price |
Predictive Modules for Elcora Advanced
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elcora Advanced Materials. 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.Elcora Advanced Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elcora Advanced is not an exception. The market had few large corrections towards the Elcora Advanced'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 Elcora Advanced Materials, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elcora Advanced within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.10 | |
β | Beta against Dow Jones | 0.89 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.01 |
Elcora Advanced 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 Elcora Advanced for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elcora Advanced Materials can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Elcora Advanced is way too risky over 90 days horizon | |
| Elcora Advanced has some characteristics of a very speculative penny stock | |
| Elcora Advanced appears to be risky and price may revert if volatility continues | |
| Elcora Advanced has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 120.98 K. Net Loss for the year was (1.26 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Elcora Advanced Materials has accumulated about 2.85 K in cash with (146.83 K) of positive cash flow from operations. |
Elcora Advanced 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 Elcora Stock often depends not only on the future outlook of the current and potential Elcora Advanced'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. Elcora Advanced's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 170.4 M |
Elcora Advanced Technical Analysis
Elcora Advanced's future price can be derived by breaking down and analyzing its technical indicators over time. Elcora Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elcora Advanced Materials. In general, you should focus on analyzing Elcora Stock price patterns and their correlations with different microeconomic environments and drivers.
Elcora Advanced Predictive Forecast Models
Elcora Advanced's time-series forecasting models is one of many Elcora Advanced'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 Elcora Advanced'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 Elcora Advanced Materials
Checking the ongoing alerts about Elcora Advanced for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elcora Advanced Materials help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elcora Advanced is way too risky over 90 days horizon | |
| Elcora Advanced has some characteristics of a very speculative penny stock | |
| Elcora Advanced appears to be risky and price may revert if volatility continues | |
| Elcora Advanced has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 120.98 K. Net Loss for the year was (1.26 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Elcora Advanced Materials has accumulated about 2.85 K in cash with (146.83 K) of positive cash flow from operations. |
Additional Tools for Elcora Stock Analysis
When running Elcora Advanced's price analysis, check to measure Elcora Advanced'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 Elcora Advanced is operating at the current time. Most of Elcora Advanced's value examination focuses on studying past and present price action to predict the probability of Elcora Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elcora Advanced's price. Additionally, you may evaluate how the addition of Elcora Advanced to your portfolios can decrease your overall portfolio volatility.