Eversource Energy Stock Probability of Future Stock Price Finishing Over 52.36

ES Stock  USD 60.42  0.12  0.20%   
Eversource Energy's future price is the expected price of Eversource Energy instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Eversource Energy performance during a given time horizon utilizing its historical volatility. Check out Eversource Energy Backtesting, Eversource Energy Valuation, Eversource Energy Correlation, Eversource Energy Hype Analysis, Eversource Energy Volatility, Eversource Energy History as well as Eversource Energy Performance.
For more information on how to buy Eversource Stock please use our How to Invest in Eversource Energy guide.
  
At this time, Eversource Energy's Price Earnings To Growth Ratio is comparatively stable compared to the past year. Price To Operating Cash Flows Ratio is likely to gain to 13.76 in 2024, despite the fact that Price Earnings Ratio is likely to grow to (46.35). Please specify Eversource Energy's target price for which you would like Eversource Energy odds to be computed.

Eversource Energy Target Price Odds to finish over 52.36

The tendency of Eversource 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 PriceHorizonTarget PriceOdds to stay above $ 52.36  in 90 days
 60.42 90 days 52.36 
close to 99
Based on a normal probability distribution, the odds of Eversource Energy to stay above $ 52.36  in 90 days from now is close to 99 (This Eversource Energy probability density function shows the probability of Eversource Stock to fall within a particular range of prices over 90 days) . Probability of Eversource Energy price to stay between $ 52.36  and its current price of $60.42 at the end of the 90-day period is nearly 4.57 .
Allowing for the 90-day total investment horizon Eversource Energy has a beta of -0.12 suggesting as returns on the benchmark increase, returns on holding Eversource Energy are expected to decrease at a much lower rate. During a bear market, however, Eversource Energy is likely to outperform the market. Additionally Eversource Energy 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.
   Eversource Energy Price Density   
       Price  

Predictive Modules for Eversource Energy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eversource Energy. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eversource Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
59.2660.5461.82
Details
Intrinsic
Valuation
LowRealHigh
59.2860.5661.84
Details
Naive
Forecast
LowNextHigh
57.4958.7660.04
Details
21 Analysts
Consensus
LowTargetHigh
63.2269.4777.11
Details

Eversource Energy Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Eversource Energy is not an exception. The market had few large corrections towards the Eversource Energy'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 Eversource Energy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eversource Energy within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
-0.15
β
Beta against Dow Jones-0.12
σ
Overall volatility
2.37
Ir
Information ratio -0.22

Eversource Energy 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 Eversource Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eversource Energy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Eversource Energy generated a negative expected return over the last 90 days
Eversource Energy reports 26.75 B of total liabilities with total debt to equity ratio (D/E) of 1.44, which is normal for its line of buisiness. Eversource Energy has a current ratio of 0.7, implying that it has not enough working capital to pay out debt commitments in time. Note however, debt could still be an excellent tool for Eversource to invest in growth at high rates of return.
The entity generated the yearly revenue of 11.91 B. Annual Net Loss to common stockholders was (442.24 M) with gross profit of 5.41 B.
Eversource Energy has a strong financial position based on the latest SEC filings
Over 84.0% of Eversource Energy shares are held by institutions such as insurance companies
Latest headline from thelincolnianonline.com: Strait Sound Wealth Management LLC Invests 206,000 in Eversource Energy

Eversource Energy 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 Eversource Stock often depends not only on the future outlook of the current and potential Eversource Energy'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. Eversource Energy's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding349.6 M
Cash And Short Term Investments53.9 M

Eversource Energy Technical Analysis

Eversource Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Eversource Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eversource Energy. In general, you should focus on analyzing Eversource Stock price patterns and their correlations with different microeconomic environments and drivers.

Eversource Energy Predictive Forecast Models

Eversource Energy's time-series forecasting models is one of many Eversource Energy'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 Eversource Energy'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 Eversource Energy

Checking the ongoing alerts about Eversource Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eversource Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Eversource Energy generated a negative expected return over the last 90 days
Eversource Energy reports 26.75 B of total liabilities with total debt to equity ratio (D/E) of 1.44, which is normal for its line of buisiness. Eversource Energy has a current ratio of 0.7, implying that it has not enough working capital to pay out debt commitments in time. Note however, debt could still be an excellent tool for Eversource to invest in growth at high rates of return.
The entity generated the yearly revenue of 11.91 B. Annual Net Loss to common stockholders was (442.24 M) with gross profit of 5.41 B.
Eversource Energy has a strong financial position based on the latest SEC filings
Over 84.0% of Eversource Energy shares are held by institutions such as insurance companies
Latest headline from thelincolnianonline.com: Strait Sound Wealth Management LLC Invests 206,000 in Eversource Energy

Additional Tools for Eversource Stock Analysis

When running Eversource Energy's price analysis, check to measure Eversource Energy'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 Eversource Energy is operating at the current time. Most of Eversource Energy's value examination focuses on studying past and present price action to predict the probability of Eversource Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eversource Energy's price. Additionally, you may evaluate how the addition of Eversource Energy to your portfolios can decrease your overall portfolio volatility.