Enghouse Systems Limited Stock Probability of Future Pink Sheet Price Finishing Over 19.63
| EGHSF Stock | USD 21.98 0.64 3.00% |
Enghouse |
Enghouse Systems Target Price Odds to finish over 19.63
The tendency of Enghouse Pink Sheet 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 $ 19.63 in 90 days |
| 21.98 | 90 days | 19.63 | close to 99 |
Based on a normal probability distribution, the odds of Enghouse Systems to stay above $ 19.63 in 90 days from now is close to 99 (This Enghouse Systems Limited probability density function shows the probability of Enghouse Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Enghouse Systems price to stay between $ 19.63 and its current price of $21.98 at the end of the 90-day period is about 37.71 .
Assuming the 90 days horizon Enghouse Systems Limited has a beta of -0.13 suggesting as returns on the benchmark increase, returns on holding Enghouse Systems are expected to decrease at a much lower rate. During a bear market, however, Enghouse Systems Limited is likely to outperform the market. Additionally Enghouse Systems Limited has an alpha of 0.0783, implying that it can generate a 0.0783 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Enghouse Systems Price Density |
| Price |
Predictive Modules for Enghouse Systems
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enghouse Systems. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Enghouse Systems' 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.
Enghouse Systems Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Enghouse Systems is not an exception. The market had few large corrections towards the Enghouse Systems' 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 Enghouse Systems Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Enghouse Systems within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | -0.13 | |
σ | Overall volatility | 1.15 | |
Ir | Information ratio | -0.05 |
Enghouse Systems 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 Enghouse Systems for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Enghouse Systems can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Enghouse Systems generated a negative expected return over the last 90 days | |
| About 22.0% of the company shares are held by company insiders |
Enghouse Systems 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 Enghouse Pink Sheet often depends not only on the future outlook of the current and potential Enghouse Systems' 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. Enghouse Systems' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 55.3 M |
Enghouse Systems Technical Analysis
Enghouse Systems' future price can be derived by breaking down and analyzing its technical indicators over time. Enghouse Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Enghouse Systems Limited. In general, you should focus on analyzing Enghouse Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Enghouse Systems Predictive Forecast Models
Enghouse Systems' time-series forecasting models is one of many Enghouse Systems' pink sheet 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 Enghouse Systems' 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Enghouse Systems
Checking the ongoing alerts about Enghouse Systems for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Enghouse Systems help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Enghouse Systems generated a negative expected return over the last 90 days | |
| About 22.0% of the company shares are held by company insiders |
Other Information on Investing in Enghouse Pink Sheet
Enghouse Systems financial ratios help investors to determine whether Enghouse Pink Sheet 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 Enghouse with respect to the benefits of owning Enghouse Systems security.