Eureka Acquisition Corp Stock Probability of Future Stock Price Finishing Under 10.1
| EURK Stock | 10.12 0.02 0.20% |
Eureka |
Eureka Acquisition Target Price Odds to finish below 10.1
The tendency of Eureka 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 10.10 or more in 90 days |
| 10.12 | 90 days | 10.10 | about 56.22 |
Based on a normal probability distribution, the odds of Eureka Acquisition to drop to 10.10 or more in 90 days from now is about 56.22 (This Eureka Acquisition Corp probability density function shows the probability of Eureka Stock to fall within a particular range of prices over 90 days) . Probability of Eureka Acquisition Corp price to stay between 10.10 and its current price of 10.12 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Eureka Acquisition Corp has a beta of -0.0191 suggesting as returns on the benchmark increase, returns on holding Eureka Acquisition are expected to decrease at a much lower rate. During a bear market, however, Eureka Acquisition Corp is likely to outperform the market. Additionally Eureka Acquisition Corp has an alpha of 0.0092, implying that it can generate a 0.009192 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Eureka Acquisition Price Density |
| Price |
Predictive Modules for Eureka Acquisition
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eureka Acquisition Corp. 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.Eureka Acquisition Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eureka Acquisition is not an exception. The market had few large corrections towards the Eureka Acquisition'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 Eureka Acquisition Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eureka Acquisition within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 1.38 | |
Ir | Information ratio | -1.47 |
Eureka Acquisition 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 Eureka Acquisition for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eureka Acquisition Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eureka Acquisition is way too risky over 90 days horizon | |
| Eureka Acquisition appears to be risky and price may revert if volatility continues | |
| Eureka Acquisition has a very weak financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: First Trust Capital Management L.P. Acquires New Stake in Eureka Acquisition Corp |
Eureka Acquisition 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 Eureka Stock often depends not only on the future outlook of the current and potential Eureka Acquisition'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. Eureka Acquisition's indicators that are reflective of the short sentiment are summarized in the table below.
Eureka Acquisition Technical Analysis
Eureka Acquisition's future price can be derived by breaking down and analyzing its technical indicators over time. Eureka Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eureka Acquisition Corp. In general, you should focus on analyzing Eureka Stock price patterns and their correlations with different microeconomic environments and drivers.
Eureka Acquisition Predictive Forecast Models
Eureka Acquisition's time-series forecasting models is one of many Eureka Acquisition'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 Eureka Acquisition'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 Eureka Acquisition Corp
Checking the ongoing alerts about Eureka Acquisition for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eureka Acquisition Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eureka Acquisition is way too risky over 90 days horizon | |
| Eureka Acquisition appears to be risky and price may revert if volatility continues | |
| Eureka Acquisition has a very weak financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: First Trust Capital Management L.P. Acquires New Stake in Eureka Acquisition Corp |
Check out Eureka Acquisition Backtesting, Eureka Acquisition Valuation, Eureka Acquisition Correlation, Eureka Acquisition Hype Analysis, Eureka Acquisition Volatility, Eureka Acquisition History as well as Eureka Acquisition Performance. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Trading space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eureka Acquisition. If investors know Eureka will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eureka Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Eureka Acquisition Corp is measured differently than its book value, which is the value of Eureka that is recorded on the company's balance sheet. Investors also form their own opinion of Eureka Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Eureka Acquisition's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eureka Acquisition's market value can be influenced by many factors that don't directly affect Eureka Acquisition's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eureka Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eureka Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eureka Acquisition's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.