Electra Battery Materials Stock Probability of Future Stock Price Finishing Under 0.42
| ELBM Stock | USD 0.42 0.01 2.33% |
Electra |
Electra Battery Target Price Odds to finish below 0.42
The tendency of Electra 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 below current price in 90 days |
| 0.42 | 90 days | 0.42 | roughly 2.56 |
Based on a normal probability distribution, the odds of Electra Battery to move below current price in 90 days from now is roughly 2.56 (This Electra Battery Materials probability density function shows the probability of Electra Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Electra Battery has a beta of 0.14 suggesting as returns on the market go up, Electra Battery average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Electra Battery Materials will be expected to be much smaller as well. Additionally Electra Battery Materials 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. Electra Battery Price Density |
| Price |
Predictive Modules for Electra Battery
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Electra Battery Materials. 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.Electra Battery Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Electra Battery is not an exception. The market had few large corrections towards the Electra Battery'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 Electra Battery Materials, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Electra Battery within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.59 | |
β | Beta against Dow Jones | 0.14 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | -0.19 |
Electra Battery 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 Electra Battery for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Electra Battery Materials can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Electra Battery generated a negative expected return over the last 90 days | |
| Electra Battery has some characteristics of a very speculative penny stock | |
| Electra Battery has high historical volatility and very poor performance | |
| Electra Battery has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (64.67 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Electra Battery Materials currently holds about 41.77 M in cash with (23.05 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.29, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Electra Battery 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 Electra Stock often depends not only on the future outlook of the current and potential Electra Battery'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. Electra Battery's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 43.4 M | |
| Cash And Short Term Investments | 8.2 M |
Electra Battery Technical Analysis
Electra Battery's future price can be derived by breaking down and analyzing its technical indicators over time. Electra Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Electra Battery Materials. In general, you should focus on analyzing Electra Stock price patterns and their correlations with different microeconomic environments and drivers.
Electra Battery Predictive Forecast Models
Electra Battery's time-series forecasting models is one of many Electra Battery'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 Electra Battery'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 Electra Battery Materials
Checking the ongoing alerts about Electra Battery for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Electra Battery Materials help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Electra Battery generated a negative expected return over the last 90 days | |
| Electra Battery has some characteristics of a very speculative penny stock | |
| Electra Battery has high historical volatility and very poor performance | |
| Electra Battery has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (64.67 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Electra Battery Materials currently holds about 41.77 M in cash with (23.05 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.29, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Check out Electra Battery Backtesting, Electra Battery Valuation, Electra Battery Correlation, Electra Battery Hype Analysis, Electra Battery Volatility, Electra Battery History as well as Electra Battery Performance. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Diversified Metals & Mining 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 Electra Battery. If investors know Electra 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 Electra Battery listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.99) | Return On Assets (0.04) | Return On Equity (0.78) |
The market value of Electra Battery Materials is measured differently than its book value, which is the value of Electra that is recorded on the company's balance sheet. Investors also form their own opinion of Electra Battery's value that differs from its market value or its book value, called intrinsic value, which is Electra Battery'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 Electra Battery's market value can be influenced by many factors that don't directly affect Electra Battery'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 Electra Battery's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electra Battery is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electra Battery'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.