Electro Sensors Stock Probability of Future Stock Price Finishing Over 11.94
| ELSE Stock | USD 5.05 0.01 0.20% |
Electro |
Electro Sensors Target Price Odds to finish over 11.94
The tendency of Electro 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 $ 11.94 or more in 90 days |
| 5.05 | 90 days | 11.94 | close to zero percent |
Based on a normal probability distribution, the odds of Electro Sensors to move over $ 11.94 or more in 90 days from now is close to zero percent (This Electro Sensors probability density function shows the probability of Electro Stock to fall within a particular range of prices over 90 days) . Probability of Electro Sensors price to stay between its current price of $ 5.05 and $ 11.94 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Electro Sensors has a beta of -0.45 suggesting as returns on the benchmark increase, returns on holding Electro Sensors are expected to decrease at a much lower rate. During a bear market, however, Electro Sensors is likely to outperform the market. Additionally Electro Sensors has an alpha of 0.4781, implying that it can generate a 0.48 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Electro Sensors Price Density |
| Price |
Predictive Modules for Electro Sensors
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Electro Sensors. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Electro Sensors' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Electro Sensors Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Electro Sensors is not an exception. The market had few large corrections towards the Electro Sensors' 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 Electro Sensors, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Electro Sensors within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.48 | |
β | Beta against Dow Jones | -0.45 | |
σ | Overall volatility | 0.26 | |
Ir | Information ratio | 0.19 |
Electro Sensors 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 Electro Sensors for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Electro Sensors can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 54.0% of the company shares are held by company insiders | |
| Latest headline from simplywall.st: Electro-Sensors, Inc.s Earnings Havent Escaped The Attention Of Investors |
Electro Sensors 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 Electro Stock often depends not only on the future outlook of the current and potential Electro Sensors' 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. Electro Sensors' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.4 M | |
| Cash And Short Term Investments | 9.9 M |
Electro Sensors Technical Analysis
Electro Sensors' future price can be derived by breaking down and analyzing its technical indicators over time. Electro Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Electro Sensors. In general, you should focus on analyzing Electro Stock price patterns and their correlations with different microeconomic environments and drivers.
Electro Sensors Predictive Forecast Models
Electro Sensors' time-series forecasting models is one of many Electro Sensors' 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 Electro Sensors' 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 Electro Sensors
Checking the ongoing alerts about Electro Sensors for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Electro Sensors help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 54.0% of the company shares are held by company insiders | |
| Latest headline from simplywall.st: Electro-Sensors, Inc.s Earnings Havent Escaped The Attention Of Investors |
Check out Electro Sensors Backtesting, Electro Sensors Valuation, Electro Sensors Correlation, Electro Sensors Hype Analysis, Electro Sensors Volatility, Electro Sensors History as well as Electro Sensors Performance. For information on how to trade Electro Stock refer to our How to Trade Electro Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Electronic Equipment, Instruments & Components 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 Electro Sensors. If investors know Electro 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 Electro Sensors listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Earnings Share 0.13 | Revenue Per Share 2.577 | Quarterly Revenue Growth 0.037 | Return On Assets (0) |
The market value of Electro Sensors is measured differently than its book value, which is the value of Electro that is recorded on the company's balance sheet. Investors also form their own opinion of Electro Sensors' value that differs from its market value or its book value, called intrinsic value, which is Electro Sensors' 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 Electro Sensors' market value can be influenced by many factors that don't directly affect Electro Sensors' 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 Electro Sensors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Electro Sensors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electro Sensors' 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.