Eonmetall Group (Malaysia) Probability of Future Stock Price Finishing Over 0.33
| 7217 Stock | 0.32 0.01 3.23% |
Eonmetall |
Eonmetall Group Target Price Odds to finish over 0.33
The tendency of Eonmetall 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 0.33 or more in 90 days |
| 0.32 | 90 days | 0.33 | about 50.0 |
Based on a normal probability distribution, the odds of Eonmetall Group to move over 0.33 or more in 90 days from now is about 50.0 (This Eonmetall Group Bhd probability density function shows the probability of Eonmetall Stock to fall within a particular range of prices over 90 days) . Probability of Eonmetall Group Bhd price to stay between its current price of 0.32 and 0.33 at the end of the 90-day period is about 18.71 .
Assuming the 90 days trading horizon Eonmetall Group has a beta of 0.97. This suggests Eonmetall Group Bhd market returns are very sensitive to returns on the market. As the market goes up or down, Eonmetall Group is expected to follow. Additionally Eonmetall Group Bhd 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. Eonmetall Group Price Density |
| Price |
Predictive Modules for Eonmetall Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eonmetall Group Bhd. 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.Eonmetall Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eonmetall Group is not an exception. The market had few large corrections towards the Eonmetall Group'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 Eonmetall Group Bhd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eonmetall Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.29 | |
β | Beta against Dow Jones | 0.97 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.09 |
Eonmetall Group 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 Eonmetall Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eonmetall Group Bhd can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eonmetall Group Bhd generated a negative expected return over the last 90 days | |
| Eonmetall Group Bhd has some characteristics of a very speculative penny stock | |
| Eonmetall Group Bhd has high historical volatility and very poor performance | |
| Eonmetall Group generates negative cash flow from operations |
Eonmetall Group 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 Eonmetall Stock often depends not only on the future outlook of the current and potential Eonmetall Group'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. Eonmetall Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 203.7 M | |
| Dividends Paid | 3.1 M | |
| Short Long Term Debt | 160.2 M | |
| Cash And Short Term Investments | 14.5 M |
Eonmetall Group Technical Analysis
Eonmetall Group's future price can be derived by breaking down and analyzing its technical indicators over time. Eonmetall Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eonmetall Group Bhd. In general, you should focus on analyzing Eonmetall Stock price patterns and their correlations with different microeconomic environments and drivers.
Eonmetall Group Predictive Forecast Models
Eonmetall Group's time-series forecasting models is one of many Eonmetall Group'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 Eonmetall Group'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 Eonmetall Group Bhd
Checking the ongoing alerts about Eonmetall Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eonmetall Group Bhd help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eonmetall Group Bhd generated a negative expected return over the last 90 days | |
| Eonmetall Group Bhd has some characteristics of a very speculative penny stock | |
| Eonmetall Group Bhd has high historical volatility and very poor performance | |
| Eonmetall Group generates negative cash flow from operations |
Other Information on Investing in Eonmetall Stock
Eonmetall Group financial ratios help investors to determine whether Eonmetall 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 Eonmetall with respect to the benefits of owning Eonmetall Group security.