Okeanis Eco Tankers Stock Probability of Future Stock Price Finishing Over 22.08
| ECO Stock | 20.85 0.17 0.81% |
Okeanis |
Okeanis Eco Target Price Odds to finish over 22.08
The tendency of Okeanis 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 22.08 or more in 90 days |
| 20.85 | 90 days | 22.08 | about 90.65 |
Based on a normal probability distribution, the odds of Okeanis Eco to move over 22.08 or more in 90 days from now is about 90.65 (This Okeanis Eco Tankers probability density function shows the probability of Okeanis Stock to fall within a particular range of prices over 90 days) . Probability of Okeanis Eco Tankers price to stay between its current price of 20.85 and 22.08 at the end of the 90-day period is under 4.
Considering the 90-day investment horizon Okeanis Eco has a beta of 0.19 suggesting as returns on the market go up, Okeanis Eco average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Okeanis Eco Tankers will be expected to be much smaller as well. Additionally Okeanis Eco Tankers 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. Okeanis Eco Price Density |
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Predictive Modules for Okeanis Eco
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Okeanis Eco Tankers. 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 Okeanis Eco's 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.
Okeanis Eco Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Okeanis Eco is not an exception. The market had few large corrections towards the Okeanis Eco'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 Okeanis Eco Tankers, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Okeanis Eco within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.51 | |
β | Beta against Dow Jones | 0.19 | |
σ | Overall volatility | 4.54 | |
Ir | Information ratio | -0.22 |
Okeanis Eco 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 Okeanis Eco for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Okeanis Eco Tankers can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Okeanis Eco Tankers generated a negative expected return over the last 90 days | |
| About 83.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Okeanis Eco Tankers Corp 96 percent Upside on Shares of 14-Yielder - Income Investors |
Okeanis Eco 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 Okeanis Stock often depends not only on the future outlook of the current and potential Okeanis Eco'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. Okeanis Eco's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 32.2 M | |
| Cash And Short Term Investments | 50 M |
Okeanis Eco Technical Analysis
Okeanis Eco's future price can be derived by breaking down and analyzing its technical indicators over time. Okeanis Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Okeanis Eco Tankers. In general, you should focus on analyzing Okeanis Stock price patterns and their correlations with different microeconomic environments and drivers.
Okeanis Eco Predictive Forecast Models
Okeanis Eco's time-series forecasting models is one of many Okeanis Eco'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 Okeanis Eco'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 Okeanis Eco Tankers
Checking the ongoing alerts about Okeanis Eco for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Okeanis Eco Tankers help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Okeanis Eco Tankers generated a negative expected return over the last 90 days | |
| About 83.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Okeanis Eco Tankers Corp 96 percent Upside on Shares of 14-Yielder - Income Investors |
Check out Okeanis Eco Backtesting, Okeanis Eco Valuation, Okeanis Eco Correlation, Okeanis Eco Hype Analysis, Okeanis Eco Volatility, Okeanis Eco History as well as Okeanis Eco Performance. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Marine Transportation 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 Okeanis Eco. If investors know Okeanis 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 Okeanis Eco 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 (0.25) | Earnings Share 3.63 | Revenue Per Share 12.416 | Quarterly Revenue Growth (0.05) | Return On Assets 0.095 |
The market value of Okeanis Eco Tankers is measured differently than its book value, which is the value of Okeanis that is recorded on the company's balance sheet. Investors also form their own opinion of Okeanis Eco's value that differs from its market value or its book value, called intrinsic value, which is Okeanis Eco's 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 Okeanis Eco's market value can be influenced by many factors that don't directly affect Okeanis Eco's 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 Okeanis Eco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okeanis Eco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okeanis Eco's 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.