Eversource Energy Stock Probability of Future Stock Price Finishing Under 62.72
| ES Stock | USD 63.38 0.63 1.00% |
Eversource |
Eversource Energy Target Price Odds to finish below 62.72
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 Price | Horizon | Target Price | Odds to drop to $ 62.72 or more in 90 days |
| 63.38 | 90 days | 62.72 | about 13.26 |
Based on a normal probability distribution, the odds of Eversource Energy to drop to $ 62.72 or more in 90 days from now is about 13.26 (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 $ 62.72 and its current price of $63.38 at the end of the 90-day period is about 7.69 .
Allowing for the 90-day total investment horizon Eversource Energy has a beta of -0.14 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.
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 | -0.06 | |
β | Beta against Dow Jones | -0.14 | |
σ | Overall volatility | 2.17 | |
Ir | Information ratio | -0.18 |
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 26.88 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 | |
| On 30th of September 2024 Eversource Energy paid $ 0.715 per share dividend to its current shareholders | |
| Latest headline from insidermonkey.com: Eversource Energy Q3 2024 Earnings Call Transcript |
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 Outstanding | 349.6 M | |
| Cash And Short Term Investments | 53.9 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 26.88 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 | |
| On 30th of September 2024 Eversource Energy paid $ 0.715 per share dividend to its current shareholders | |
| Latest headline from insidermonkey.com: Eversource Energy Q3 2024 Earnings Call Transcript |
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.