Eddy Smart Home Stock Probability of Future Stock Price Finishing Over 16.29
| EDY Stock | 2.30 0.05 2.22% |
Eddy |
Eddy Smart Target Price Odds to finish over 16.29
The tendency of Eddy 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 16.29 or more in 90 days |
| 2.30 | 90 days | 16.29 | close to zero percent |
Based on a normal probability distribution, the odds of Eddy Smart to move over 16.29 or more in 90 days from now is close to zero percent (This Eddy Smart Home probability density function shows the probability of Eddy Stock to fall within a particular range of prices over 90 days) . Probability of Eddy Smart Home price to stay between its current price of 2.30 and 16.29 at the end of the 90-day period is under 95 .
Assuming the 90 days horizon Eddy Smart Home has a beta of -1.31 suggesting as returns on its benchmark rise, returns on holding Eddy Smart Home are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Eddy Smart is expected to outperform its benchmark. Additionally Eddy Smart Home 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. Eddy Smart Price Density |
| Price |
Predictive Modules for Eddy Smart
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eddy Smart Home. 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.Eddy Smart Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eddy Smart is not an exception. The market had few large corrections towards the Eddy Smart'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 Eddy Smart Home, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eddy Smart within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.53 | |
β | Beta against Dow Jones | -1.31 | |
σ | Overall volatility | 0.45 | |
Ir | Information ratio | -0.14 |
Eddy Smart 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 Eddy Smart for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eddy Smart Home can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eddy Smart Home generated a negative expected return over the last 90 days | |
| Eddy Smart Home has high historical volatility and very poor performance | |
| Eddy Smart Home has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 3.41 M. Net Loss for the year was (10.57 M) with profit before overhead, payroll, taxes, and interest of 1.44 M. | |
| Eddy Smart generates negative cash flow from operations | |
| About 45.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Eddy Smart Home Solutions Reports Strong Q3 2024 Results - TipRanks |
Eddy Smart 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 Eddy Stock often depends not only on the future outlook of the current and potential Eddy Smart'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. Eddy Smart's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 795.3 K | |
| Cash And Short Term Investments | 1.2 M |
Eddy Smart Technical Analysis
Eddy Smart's future price can be derived by breaking down and analyzing its technical indicators over time. Eddy Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eddy Smart Home. In general, you should focus on analyzing Eddy Stock price patterns and their correlations with different microeconomic environments and drivers.
Eddy Smart Predictive Forecast Models
Eddy Smart's time-series forecasting models is one of many Eddy Smart'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 Eddy Smart'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 Eddy Smart Home
Checking the ongoing alerts about Eddy Smart for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eddy Smart Home help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eddy Smart Home generated a negative expected return over the last 90 days | |
| Eddy Smart Home has high historical volatility and very poor performance | |
| Eddy Smart Home has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 3.41 M. Net Loss for the year was (10.57 M) with profit before overhead, payroll, taxes, and interest of 1.44 M. | |
| Eddy Smart generates negative cash flow from operations | |
| About 45.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Eddy Smart Home Solutions Reports Strong Q3 2024 Results - TipRanks |
Additional Tools for Eddy Stock Analysis
When running Eddy Smart's price analysis, check to measure Eddy Smart'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 Eddy Smart is operating at the current time. Most of Eddy Smart's value examination focuses on studying past and present price action to predict the probability of Eddy Smart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eddy Smart's price. Additionally, you may evaluate how the addition of Eddy Smart to your portfolios can decrease your overall portfolio volatility.