Eversource Energy (Germany) Probability of Future Stock Price Finishing Under 56.72
| NWJ Stock | EUR 59.50 1.50 2.59% |
Eversource |
Eversource Energy Target Price Odds to finish below 56.72
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 € 56.72 or more in 90 days |
| 59.50 | 90 days | 56.72 | roughly 2.14 |
Based on a normal probability distribution, the odds of Eversource Energy to drop to € 56.72 or more in 90 days from now is roughly 2.14 (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 € 56.72 and its current price of €59.5 at the end of the 90-day period is about 48.38 .
Assuming the 90 days horizon Eversource Energy has a beta of 0.26. This indicates as returns on the market go up, Eversource Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eversource Energy will be expected to be much smaller as well. 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.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 | -0.04 | |
β | Beta against Dow Jones | 0.26 | |
σ | Overall volatility | 1.37 | |
Ir | Information ratio | -0.08 |
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 has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Eversource Energy has accumulated 20.13 B in total debt with debt to equity ratio (D/E) of 129.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Eversource Energy has a current ratio of 0.49, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Eversource Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Eversource Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Eversource Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eversource to invest in growth at high rates of return. When we think about Eversource Energy's use of debt, we should always consider it together with cash and equity. | |
| Over 83.0% of Eversource Energy shares are owned by institutional investors |
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 | 348.4 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 has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Eversource Energy has accumulated 20.13 B in total debt with debt to equity ratio (D/E) of 129.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Eversource Energy has a current ratio of 0.49, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Eversource Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Eversource Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Eversource Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eversource to invest in growth at high rates of return. When we think about Eversource Energy's use of debt, we should always consider it together with cash and equity. | |
| Over 83.0% of Eversource Energy shares are owned by institutional investors |
Additional Information and Resources on Investing in Eversource Stock
When determining whether Eversource Energy is a strong investment it is important to analyze Eversource Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Eversource Energy's future performance. For an informed investment choice regarding Eversource Stock, refer to the following important reports: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 detail on how to invest in Eversource Stock please use our How to Invest in Eversource Energy guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.