Enerplus Odds of Future Stock Price Finishing Over 14.65
| ERFDelisted Stock | USD 16.27 0.19 1.18% |
Enerplus |
Enerplus Target Price Odds to finish over 14.65
The tendency of Enerplus 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 $ 14.65 in 90 days |
| 16.27 | 90 days | 14.65 | about 44.54 |
Based on a normal probability distribution, the odds of Enerplus to stay above $ 14.65 in 90 days from now is about 44.54 (This Enerplus probability density function shows the probability of Enerplus Stock to fall within a particular range of prices over 90 days) . Probability of Enerplus price to stay between $ 14.65 and its current price of $16.27 at the end of the 90-day period is about 44.5 .
Considering the 90-day investment horizon Enerplus has a beta of -0.44 suggesting as returns on the benchmark increase, returns on holding Enerplus are expected to decrease at a much lower rate. During a bear market, however, Enerplus is likely to outperform the market. Additionally Enerplus has an alpha of 0.2258, implying that it can generate a 0.23 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Enerplus Price Density |
| Price |
Predictive Modules for Enerplus
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enerplus. 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.Enerplus Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Enerplus is not an exception. The market had few large corrections towards the Enerplus' 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 Enerplus, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Enerplus within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.23 | |
β | Beta against Dow Jones | -0.44 | |
σ | Overall volatility | 0.51 | |
Ir | Information ratio | 0.02 |
Enerplus 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 Enerplus for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Enerplus can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Enerplus is not yet fully synchronised with the market data | |
| Enerplus has a very high chance of going through financial distress in the upcoming years | |
| Enerplus has 212.45 M in debt with debt to equity (D/E) ratio of 0.5, which is OK given its current industry classification. Enerplus has a current ratio of 0.64, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Enerplus to invest in growth at high rates of return. | |
| About 68.0% of Enerplus shares are held by institutions such as insurance companies |
Enerplus 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 Enerplus Stock often depends not only on the future outlook of the current and potential Enerplus' 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. Enerplus' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 217.9 M | |
| Cash And Short Term Investments | 66.7 M |
Enerplus Technical Analysis
Enerplus' future price can be derived by breaking down and analyzing its technical indicators over time. Enerplus Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Enerplus. In general, you should focus on analyzing Enerplus Stock price patterns and their correlations with different microeconomic environments and drivers.
Enerplus Predictive Forecast Models
Enerplus' time-series forecasting models is one of many Enerplus' 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 Enerplus' 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 Enerplus
Checking the ongoing alerts about Enerplus for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Enerplus help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Enerplus is not yet fully synchronised with the market data | |
| Enerplus has a very high chance of going through financial distress in the upcoming years | |
| Enerplus has 212.45 M in debt with debt to equity (D/E) ratio of 0.5, which is OK given its current industry classification. Enerplus has a current ratio of 0.64, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Enerplus to invest in growth at high rates of return. | |
| About 68.0% of Enerplus shares are held by institutions such as insurance companies |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Other Consideration for investing in Enerplus Stock
If you are still planning to invest in Enerplus check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Enerplus' history and understand the potential risks before investing.
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