Espey Mfg Electronics Stock Probability of Future Stock Price Finishing Under 7.51
| ESP Stock | USD 30.18 0.16 0.53% |
Espey |
Espey Mfg Target Price Odds to finish below 7.51
The tendency of Espey 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 $ 7.51 or more in 90 days |
| 30.18 | 90 days | 7.51 | near 1 |
Based on a normal probability distribution, the odds of Espey Mfg to drop to $ 7.51 or more in 90 days from now is near 1 (This Espey Mfg Electronics probability density function shows the probability of Espey Stock to fall within a particular range of prices over 90 days) . Probability of Espey Mfg Electronics price to stay between $ 7.51 and its current price of $30.18 at the end of the 90-day period is about 70.76 .
Considering the 90-day investment horizon Espey Mfg has a beta of 0.84 suggesting as returns on the market go up, Espey Mfg average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Espey Mfg Electronics will be expected to be much smaller as well. Additionally Espey Mfg Electronics has an alpha of 0.3743, implying that it can generate a 0.37 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Espey Mfg Price Density |
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Predictive Modules for Espey Mfg
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Espey Mfg Electronics. 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 Espey Mfg'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.
Espey Mfg Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Espey Mfg is not an exception. The market had few large corrections towards the Espey Mfg'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 Espey Mfg Electronics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Espey Mfg within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.37 | |
β | Beta against Dow Jones | 0.84 | |
σ | Overall volatility | 3.40 | |
Ir | Information ratio | 0.1 |
Espey Mfg 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 Espey Mfg for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Espey Mfg Electronics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Espey Mfg had very high historical volatility over the last 90 days | |
| About 34.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Disposition of 2500 shares by Jennifer Pickering of Espey Mfg at 24.26 subject to Rule 16b-3 |
Espey Mfg 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 Espey Stock often depends not only on the future outlook of the current and potential Espey Mfg'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. Espey Mfg's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.5 M | |
| Cash And Short Term Investments | 23.2 M |
Espey Mfg Technical Analysis
Espey Mfg's future price can be derived by breaking down and analyzing its technical indicators over time. Espey Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Espey Mfg Electronics. In general, you should focus on analyzing Espey Stock price patterns and their correlations with different microeconomic environments and drivers.
Espey Mfg Predictive Forecast Models
Espey Mfg's time-series forecasting models is one of many Espey Mfg'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 Espey Mfg'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 Espey Mfg Electronics
Checking the ongoing alerts about Espey Mfg for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Espey Mfg Electronics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Espey Mfg had very high historical volatility over the last 90 days | |
| About 34.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Disposition of 2500 shares by Jennifer Pickering of Espey Mfg at 24.26 subject to Rule 16b-3 |
Additional Tools for Espey Stock Analysis
When running Espey Mfg's price analysis, check to measure Espey Mfg'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 Espey Mfg is operating at the current time. Most of Espey Mfg's value examination focuses on studying past and present price action to predict the probability of Espey Mfg's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Espey Mfg's price. Additionally, you may evaluate how the addition of Espey Mfg to your portfolios can decrease your overall portfolio volatility.