Ensign Energy Services Stock Probability of Future Stock Price Finishing Over 10.79
| ESI Stock | CAD 2.95 0.19 6.88% |
Ensign |
Ensign Energy Target Price Odds to finish over 10.79
The tendency of Ensign 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 C$ 10.79 or more in 90 days |
| 2.95 | 90 days | 10.79 | close to zero percent |
Based on a normal probability distribution, the odds of Ensign Energy to move over C$ 10.79 or more in 90 days from now is close to zero percent (This Ensign Energy Services probability density function shows the probability of Ensign Stock to fall within a particular range of prices over 90 days) . Probability of Ensign Energy Services price to stay between its current price of C$ 2.95 and C$ 10.79 at the end of the 90-day period is about 23.51 .
Assuming the 90 days trading horizon Ensign Energy Services has a beta of -0.0799 suggesting as returns on the benchmark increase, returns on holding Ensign Energy are expected to decrease at a much lower rate. During a bear market, however, Ensign Energy Services is likely to outperform the market. Additionally Ensign Energy Services has an alpha of 0.2778, implying that it can generate a 0.28 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ensign Energy Price Density |
| Price |
Predictive Modules for Ensign 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 Ensign Energy Services. 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.Ensign Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ensign Energy is not an exception. The market had few large corrections towards the Ensign 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 Ensign Energy Services, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ensign Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.28 | |
β | Beta against Dow Jones | -0.08 | |
σ | Overall volatility | 0.18 | |
Ir | Information ratio | 0.06 |
Ensign 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 Ensign Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ensign Energy Services 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 45.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Ensign Energy Services Inc. Receives Average Recommendation of Moderate Buy from Brokerages - MarketBeat |
Ensign 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 Ensign Stock often depends not only on the future outlook of the current and potential Ensign 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. Ensign Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 185 M | |
| Cash And Short Term Investments | 20.5 M |
Ensign Energy Technical Analysis
Ensign Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Ensign Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ensign Energy Services. In general, you should focus on analyzing Ensign Stock price patterns and their correlations with different microeconomic environments and drivers.
Ensign Energy Predictive Forecast Models
Ensign Energy's time-series forecasting models is one of many Ensign 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 Ensign 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 Ensign Energy Services
Checking the ongoing alerts about Ensign Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ensign Energy Services help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 45.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Ensign Energy Services Inc. Receives Average Recommendation of Moderate Buy from Brokerages - MarketBeat |
Other Information on Investing in Ensign Stock
Ensign Energy financial ratios help investors to determine whether Ensign Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ensign with respect to the benefits of owning Ensign Energy security.