Element Fleet Management Stock Probability of Future Stock Price Finishing Under 20.90
| EFN Stock | CAD 29.17 0.18 0.62% |
Element |
Element Fleet Target Price Odds to finish below 20.90
The tendency of Element 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 C$ 20.90 or more in 90 days |
| 29.17 | 90 days | 20.90 | near 1 |
Based on a normal probability distribution, the odds of Element Fleet to drop to C$ 20.90 or more in 90 days from now is near 1 (This Element Fleet Management probability density function shows the probability of Element Stock to fall within a particular range of prices over 90 days) . Probability of Element Fleet Management price to stay between C$ 20.90 and its current price of C$29.17 at the end of the 90-day period is about 60.28 .
Assuming the 90 days trading horizon Element Fleet has a beta of 0.25 suggesting as returns on the market go up, Element Fleet average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Element Fleet Management will be expected to be much smaller as well. Additionally Element Fleet Management has an alpha of 0.0466, implying that it can generate a 0.0466 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Element Fleet Price Density |
| Price |
Predictive Modules for Element Fleet
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Element Fleet Management. 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.Element Fleet Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Element Fleet is not an exception. The market had few large corrections towards the Element Fleet'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 Element Fleet Management, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Element Fleet within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | 0.25 | |
σ | Overall volatility | 0.61 | |
Ir | Information ratio | 0.02 |
Element Fleet 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 Element Fleet for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Element Fleet Management can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Element Fleet Management has accumulated about 139.3 M in cash with (136.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.32. | |
| Latest headline from news.google.com: Is Now The Time To Look At Buying Element Fleet Management Corp. - Yahoo Finance |
Element Fleet 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 Element Stock often depends not only on the future outlook of the current and potential Element Fleet'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. Element Fleet's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 405.2 M | |
| Cash And Short Term Investments | 96.3 M |
Element Fleet Technical Analysis
Element Fleet's future price can be derived by breaking down and analyzing its technical indicators over time. Element Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Element Fleet Management. In general, you should focus on analyzing Element Stock price patterns and their correlations with different microeconomic environments and drivers.
Element Fleet Predictive Forecast Models
Element Fleet's time-series forecasting models is one of many Element Fleet'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 Element Fleet'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 Element Fleet Management
Checking the ongoing alerts about Element Fleet for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Element Fleet Management help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Element Fleet Management has accumulated about 139.3 M in cash with (136.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.32. | |
| Latest headline from news.google.com: Is Now The Time To Look At Buying Element Fleet Management Corp. - Yahoo Finance |
Other Information on Investing in Element Stock
Element Fleet financial ratios help investors to determine whether Element 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 Element with respect to the benefits of owning Element Fleet security.