Envela Corp (Germany) Probability of Future Stock Price Finishing Over 10.62
| DGS Stock | EUR 6.70 0.00 0.00% |
Envela |
Envela Corp Target Price Odds to finish over 10.62
The tendency of Envela 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 move over € 10.62 or more in 90 days |
| 6.70 | 90 days | 10.62 | near 1 |
Based on a normal probability distribution, the odds of Envela Corp to move over € 10.62 or more in 90 days from now is near 1 (This Envela Corp probability density function shows the probability of Envela Stock to fall within a particular range of prices over 90 days) . Probability of Envela Corp price to stay between its current price of € 6.70 and € 10.62 at the end of the 90-day period is about 1.38 .
Assuming the 90 days trading horizon Envela Corp has a beta of -0.11 suggesting as returns on the benchmark increase, returns on holding Envela Corp are expected to decrease at a much lower rate. During a bear market, however, Envela Corp is likely to outperform the market. Additionally Envela Corp has an alpha of 0.6068, implying that it can generate a 0.61 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Envela Corp Price Density |
| Price |
Predictive Modules for Envela Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Envela 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.Envela Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Envela Corp is not an exception. The market had few large corrections towards the Envela Corp'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 Envela Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Envela Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.61 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 0.69 | |
Ir | Information ratio | 0.27 |
Envela Corp 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 Envela Stock often depends not only on the future outlook of the current and potential Envela Corp'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. Envela Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 26.9 M | |
| Short Long Term Debt | 2.8 M |
Envela Corp Technical Analysis
Envela Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Envela Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Envela Corp. In general, you should focus on analyzing Envela Stock price patterns and their correlations with different microeconomic environments and drivers.
Envela Corp Predictive Forecast Models
Envela Corp's time-series forecasting models is one of many Envela Corp'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 Envela Corp'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Envela Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Envela Corp's short interest history, or implied volatility extrapolated from Envela Corp options trading.
Additional Information and Resources on Investing in Envela Stock
When determining whether Envela Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Envela Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Envela Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Envela Corp Stock:Check out Envela Corp Backtesting, Envela Corp Valuation, Envela Corp Correlation, Envela Corp Hype Analysis, Envela Corp Volatility, Envela Corp History as well as Envela Corp Performance. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.