Elme Communities Stock Probability of Future Stock Price Finishing Under 11.93
| ELME Stock | USD 14.96 0.09 0.60% |
Elme |
Elme Communities Target Price Odds to finish below 11.93
The tendency of Elme 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 $ 11.93 or more in 90 days |
| 14.96 | 90 days | 11.93 | near 1 |
Based on a normal probability distribution, the odds of Elme Communities to drop to $ 11.93 or more in 90 days from now is near 1 (This Elme Communities probability density function shows the probability of Elme Stock to fall within a particular range of prices over 90 days) . Probability of Elme Communities price to stay between $ 11.93 and its current price of $14.96 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Elme Communities has a beta of 0.12 suggesting as returns on the market go up, Elme Communities average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Elme Communities will be expected to be much smaller as well. Additionally Elme Communities 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. Elme Communities Price Density |
| Price |
Predictive Modules for Elme Communities
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elme Communities. 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.Elme Communities Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elme Communities is not an exception. The market had few large corrections towards the Elme Communities' 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 Elme Communities, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elme Communities within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.26 | |
β | Beta against Dow Jones | 0.12 | |
σ | Overall volatility | 0.67 | |
Ir | Information ratio | -0.22 |
Elme Communities 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 Elme Communities for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elme Communities can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Elme Communities generated a negative expected return over the last 90 days | |
| Elme Communities has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 227.91 M. Net Loss for the year was (52.98 M) with profit before overhead, payroll, taxes, and interest of 127.94 M. | |
| Over 91.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from thelincolnianonline.com: Elme Communities Downgraded by JPMorgan Chase Co. to Neutral |
Elme Communities 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 Elme Stock often depends not only on the future outlook of the current and potential Elme Communities' 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. Elme Communities' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 87.7 M | |
| Cash And Short Term Investments | 7.2 M |
Elme Communities Technical Analysis
Elme Communities' future price can be derived by breaking down and analyzing its technical indicators over time. Elme Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elme Communities. In general, you should focus on analyzing Elme Stock price patterns and their correlations with different microeconomic environments and drivers.
Elme Communities Predictive Forecast Models
Elme Communities' time-series forecasting models is one of many Elme Communities' 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 Elme Communities' 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 Elme Communities
Checking the ongoing alerts about Elme Communities for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elme Communities help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elme Communities generated a negative expected return over the last 90 days | |
| Elme Communities has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 227.91 M. Net Loss for the year was (52.98 M) with profit before overhead, payroll, taxes, and interest of 127.94 M. | |
| Over 91.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from thelincolnianonline.com: Elme Communities Downgraded by JPMorgan Chase Co. to Neutral |
Check out Elme Communities Backtesting, Elme Communities Valuation, Elme Communities Correlation, Elme Communities Hype Analysis, Elme Communities Volatility, Elme Communities History as well as Elme Communities Performance. For information on how to trade Elme Stock refer to our How to Trade Elme Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Multi-Family Residential REITs 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 Elme Communities. If investors know Elme 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 Elme Communities listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 0.72 | Earnings Share (0.16) | Revenue Per Share 2.726 | Quarterly Revenue Growth 0.078 | Return On Assets 0.0078 |
The market value of Elme Communities is measured differently than its book value, which is the value of Elme that is recorded on the company's balance sheet. Investors also form their own opinion of Elme Communities' value that differs from its market value or its book value, called intrinsic value, which is Elme Communities' 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 Elme Communities' market value can be influenced by many factors that don't directly affect Elme Communities' 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 Elme Communities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Elme Communities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elme Communities' 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.