Egain Stock Chance of Future Stock Price Finishing Over 6.19
| EGAN Stock | USD 6.23 0.36 6.13% |
EGain |
EGain Target Price Odds to finish over 6.19
The tendency of EGain 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 stay above $ 6.19 in 90 days |
| 6.23 | 90 days | 6.19 | about 1.03 |
Based on a normal probability distribution, the odds of EGain to stay above $ 6.19 in 90 days from now is about 1.03 (This eGain probability density function shows the probability of EGain Stock to fall within a particular range of prices over 90 days) . Probability of eGain price to stay between $ 6.19 and its current price of $6.23 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days eGain has a beta of -0.41 suggesting as returns on the benchmark increase, returns on holding EGain are expected to decrease at a much lower rate. During a bear market, however, eGain is likely to outperform the market. Additionally EGain has an alpha of 0.3524, implying that it can generate a 0.35 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). EGain Price Density |
| Price |
Predictive Modules for EGain
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as eGain. 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.EGain Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EGain is not an exception. The market had few large corrections towards the EGain'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 eGain, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EGain within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.35 | |
β | Beta against Dow Jones | -0.41 | |
σ | Overall volatility | 0.38 | |
Ir | Information ratio | 0.09 |
EGain 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 EGain for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for eGain can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| eGain had very high historical volatility over the last 90 days | |
| eGain has a strong financial position based on the latest SEC filings | |
| About 57.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: eGain Stock Jumps 14.6 percent Will It Continue to Soar |
EGain 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 EGain Stock often depends not only on the future outlook of the current and potential EGain'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. EGain's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 31.5 M | |
| Cash And Short Term Investments | 70 M |
EGain Technical Analysis
EGain's future price can be derived by breaking down and analyzing its technical indicators over time. EGain Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of eGain. In general, you should focus on analyzing EGain Stock price patterns and their correlations with different microeconomic environments and drivers.