Enact Holdings Etf Probability of Future Etf Price Finishing Over 39.47
| ACT Etf | USD 32.90 0.13 0.40% |
Enact |
Enact Holdings Target Price Odds to finish over 39.47
The tendency of Enact Etf 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 $ 39.47 or more in 90 days |
| 32.90 | 90 days | 39.47 | near 1 |
Based on a normal probability distribution, the odds of Enact Holdings to move over $ 39.47 or more in 90 days from now is near 1 (This Enact Holdings probability density function shows the probability of Enact Etf to fall within a particular range of prices over 90 days) . Probability of Enact Holdings price to stay between its current price of $ 32.90 and $ 39.47 at the end of the 90-day period is under 95 .
Considering the 90-day investment horizon Enact Holdings has a beta of 0.96. This suggests Enact Holdings market returns are related to returns on the market. As the market goes up or down, Enact Holdings is expected to follow. Additionally Enact Holdings 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. Enact Holdings Price Density |
| Price |
Predictive Modules for Enact Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enact Holdings. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf 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 Enact Holdings' 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.
Enact Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Enact Holdings is not an exception. The market had few large corrections towards the Enact Holdings' 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 Enact Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Enact Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.18 | |
β | Beta against Dow Jones | 0.96 | |
σ | Overall volatility | 1.19 | |
Ir | Information ratio | -0.14 |
Enact Holdings 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 Enact Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Enact Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Enact Holdings generated a negative expected return over the last 90 days | |
| Enact Holdings has 745.42 M in debt with debt to equity (D/E) ratio of 0.18, which may show that the company is not taking advantage of profits from borrowing. Enact Holdings has a current ratio of 0.83, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Enact Holdings until it has trouble settling it off, either with new capital or with free cash flow. So, Enact Holdings' 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 Enact Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enact to invest in growth at high rates of return. When we think about Enact Holdings' use of debt, we should always consider it together with cash and equity. | |
| About 81.0% of Enact Holdings shares are held by company insiders | |
| Latest headline from zacks.com: Heres Why Enact Holdings is Poised for a Turnaround After Losing -8.06 percent in 4 Weeks | |
| The fund holds 99.42% of its assets under management (AUM) in equities |
Enact Holdings 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 Enact Etf often depends not only on the future outlook of the current and potential Enact Holdings' 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. Enact Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 161.8 M | |
| Cash And Short Term Investments | 5.9 B |
Enact Holdings Technical Analysis
Enact Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. Enact Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Enact Holdings. In general, you should focus on analyzing Enact Etf price patterns and their correlations with different microeconomic environments and drivers.
Enact Holdings Predictive Forecast Models
Enact Holdings' time-series forecasting models is one of many Enact Holdings' etf 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 Enact Holdings' 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 etf market movement and maximize returns from investment trading.
Things to note about Enact Holdings
Checking the ongoing alerts about Enact Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Enact Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Enact Holdings generated a negative expected return over the last 90 days | |
| Enact Holdings has 745.42 M in debt with debt to equity (D/E) ratio of 0.18, which may show that the company is not taking advantage of profits from borrowing. Enact Holdings has a current ratio of 0.83, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Enact Holdings until it has trouble settling it off, either with new capital or with free cash flow. So, Enact Holdings' 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 Enact Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enact to invest in growth at high rates of return. When we think about Enact Holdings' use of debt, we should always consider it together with cash and equity. | |
| About 81.0% of Enact Holdings shares are held by company insiders | |
| Latest headline from zacks.com: Heres Why Enact Holdings is Poised for a Turnaround After Losing -8.06 percent in 4 Weeks | |
| The fund holds 99.42% of its assets under management (AUM) in equities |
Other Information on Investing in Enact Etf
Enact Holdings financial ratios help investors to determine whether Enact Etf 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 Enact with respect to the benefits of owning Enact Holdings security.