Enablence Technologies Stock Probability of Future Stock Price Finishing Over 1.91

ENA Stock  CAD 1.91  0.00  0.00%   
Enablence Technologies' future price is the expected price of Enablence Technologies instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Enablence Technologies performance during a given time horizon utilizing its historical volatility. Check out Enablence Technologies Backtesting, Enablence Technologies Valuation, Enablence Technologies Correlation, Enablence Technologies Hype Analysis, Enablence Technologies Volatility, Enablence Technologies History as well as Enablence Technologies Performance.
  
Please specify Enablence Technologies' target price for which you would like Enablence Technologies odds to be computed.

Enablence Technologies Target Price Odds to finish over 1.91

The tendency of Enablence 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 PriceHorizonTarget PriceOdds to move above the current price in 90 days
 1.91 90 days 1.91 
about 18.7
Based on a normal probability distribution, the odds of Enablence Technologies to move above the current price in 90 days from now is about 18.7 (This Enablence Technologies probability density function shows the probability of Enablence Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Enablence Technologies has a beta of -0.66 suggesting as returns on the benchmark increase, returns on holding Enablence Technologies are expected to decrease at a much lower rate. During a bear market, however, Enablence Technologies is likely to outperform the market. Additionally Enablence Technologies has an alpha of 0.7548, implying that it can generate a 0.75 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Enablence Technologies Price Density   
JavaScript chart by amCharts 3.21.150.380.60.811.011.231.441.631.842.032.23TargetEnablence Technologies Mean 0.20.40.60.81.01.2
       Price  

Predictive Modules for Enablence Technologies

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enablence Technologies. 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.
Hype
Prediction
LowEstimatedHigh
0.101.9210.88
Details
Intrinsic
Valuation
LowRealHigh
0.081.6210.58
Details
Naive
Forecast
LowNextHigh
0.041.8210.78
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.542.002.47
Details

Enablence Technologies Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Enablence Technologies is not an exception. The market had few large corrections towards the Enablence Technologies' 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 Enablence Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Enablence Technologies within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.75
β
Beta against Dow Jones-0.66
σ
Overall volatility
0.36
Ir
Information ratio 0.08

Enablence Technologies 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 Enablence Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Enablence Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Enablence Technologies is way too risky over 90 days horizon
Enablence Technologies may become a speculative penny stock
Enablence Technologies appears to be risky and price may revert if volatility continues
Enablence Technologies has high likelihood to experience some financial distress in the next 2 years
Enablence Technologies has accumulated 538 K in total debt with debt to equity ratio (D/E) of 2.67, implying the company greatly relies on financing operations through barrowing. Enablence Technologies has a current ratio of 0.09, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Enablence Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, Enablence Technologies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Enablence Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enablence to invest in growth at high rates of return. When we think about Enablence Technologies' use of debt, we should always consider it together with cash and equity.
The entity reported the revenue of 1.6 M. Net Loss for the year was (14.11 M) with loss before overhead, payroll, taxes, and interest of (2.33 M).
Enablence Technologies has accumulated about 95 K in cash with (8.72 M) of positive cash flow from operations.
Roughly 42.0% of Enablence Technologies shares are held by company insiders
Latest headline from news.google.com: Enablence Technologies Hits New 1-Year High - Whats Next - MarketBeat

Enablence Technologies 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 Enablence Stock often depends not only on the future outlook of the current and potential Enablence Technologies' 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. Enablence Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding18.9 M
Shares Float9.4 M

Enablence Technologies Technical Analysis

Enablence Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Enablence Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Enablence Technologies. In general, you should focus on analyzing Enablence Stock price patterns and their correlations with different microeconomic environments and drivers.

Enablence Technologies Predictive Forecast Models

Enablence Technologies' time-series forecasting models is one of many Enablence Technologies' 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 Enablence Technologies' 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 Enablence Technologies

Checking the ongoing alerts about Enablence Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Enablence Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Enablence Technologies is way too risky over 90 days horizon
Enablence Technologies may become a speculative penny stock
Enablence Technologies appears to be risky and price may revert if volatility continues
Enablence Technologies has high likelihood to experience some financial distress in the next 2 years
Enablence Technologies has accumulated 538 K in total debt with debt to equity ratio (D/E) of 2.67, implying the company greatly relies on financing operations through barrowing. Enablence Technologies has a current ratio of 0.09, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Enablence Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, Enablence Technologies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Enablence Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enablence to invest in growth at high rates of return. When we think about Enablence Technologies' use of debt, we should always consider it together with cash and equity.
The entity reported the revenue of 1.6 M. Net Loss for the year was (14.11 M) with loss before overhead, payroll, taxes, and interest of (2.33 M).
Enablence Technologies has accumulated about 95 K in cash with (8.72 M) of positive cash flow from operations.
Roughly 42.0% of Enablence Technologies shares are held by company insiders
Latest headline from news.google.com: Enablence Technologies Hits New 1-Year High - Whats Next - MarketBeat

Additional Tools for Enablence Stock Analysis

When running Enablence Technologies' price analysis, check to measure Enablence Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enablence Technologies is operating at the current time. Most of Enablence Technologies' value examination focuses on studying past and present price action to predict the probability of Enablence Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enablence Technologies' price. Additionally, you may evaluate how the addition of Enablence Technologies to your portfolios can decrease your overall portfolio volatility.

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