Elentec Co (Korea) Probability of Future Stock Price Finishing Under 4660.0
| 054210 Stock | KRW 5,070 90.00 1.74% |
Elentec |
Elentec Co Target Price Odds to finish below 4660.0
The tendency of Elentec 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 W 4,660 or more in 90 days |
| 5,070 | 90 days | 4,660 | about 7.49 |
Based on a normal probability distribution, the odds of Elentec Co to drop to W 4,660 or more in 90 days from now is about 7.49 (This Elentec Co probability density function shows the probability of Elentec Stock to fall within a particular range of prices over 90 days) . Probability of Elentec Co price to stay between W 4,660 and its current price of W5070.0 at the end of the 90-day period is about 18.23 .
Assuming the 90 days trading horizon Elentec Co has a beta of -0.28. This suggests as returns on the benchmark increase, returns on holding Elentec Co are expected to decrease at a much lower rate. During a bear market, however, Elentec Co is likely to outperform the market. Additionally Elentec Co 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. Elentec Co Price Density |
| Price |
Predictive Modules for Elentec Co
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elentec Co. 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.Elentec Co Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elentec Co is not an exception. The market had few large corrections towards the Elentec Co'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 Elentec Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elentec Co within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.18 | |
β | Beta against Dow Jones | -0.28 | |
σ | Overall volatility | 521.35 | |
Ir | Information ratio | -0.07 |
Elentec Co 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 Elentec Co for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elentec Co can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Elentec Co generated a negative expected return over the last 90 days | |
| Elentec Co has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Elentec Co has accumulated 19.14 B in total debt with debt to equity ratio (D/E) of 119.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Elentec Co has a current ratio of 0.95, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Elentec Co until it has trouble settling it off, either with new capital or with free cash flow. So, Elentec Co's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Elentec Co sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elentec to invest in growth at high rates of return. When we think about Elentec Co's use of debt, we should always consider it together with cash and equity. | |
| About 45.0% of Elentec Co shares are owned by insiders or employees |
Elentec Co 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 Elentec Stock often depends not only on the future outlook of the current and potential Elentec Co'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. Elentec Co's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 24.8 M | |
| Cash And Short Term Investments | 76.8 B |
Elentec Co Technical Analysis
Elentec Co's future price can be derived by breaking down and analyzing its technical indicators over time. Elentec Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elentec Co. In general, you should focus on analyzing Elentec Stock price patterns and their correlations with different microeconomic environments and drivers.
Elentec Co Predictive Forecast Models
Elentec Co's time-series forecasting models is one of many Elentec Co'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 Elentec Co'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 Elentec Co
Checking the ongoing alerts about Elentec Co for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elentec Co help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elentec Co generated a negative expected return over the last 90 days | |
| Elentec Co has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Elentec Co has accumulated 19.14 B in total debt with debt to equity ratio (D/E) of 119.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Elentec Co has a current ratio of 0.95, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Elentec Co until it has trouble settling it off, either with new capital or with free cash flow. So, Elentec Co's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Elentec Co sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elentec to invest in growth at high rates of return. When we think about Elentec Co's use of debt, we should always consider it together with cash and equity. | |
| About 45.0% of Elentec Co shares are owned by insiders or employees |
Other Information on Investing in Elentec Stock
Elentec Co financial ratios help investors to determine whether Elentec 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 Elentec with respect to the benefits of owning Elentec Co security.