Enovix Corp Stock Probability of Future Stock Price Finishing Under 9.08
| ENVX Stock | USD 12.46 0.20 1.58% |
Closest to current price Enovix long PUT Option Payoff at Expiration
Enovix |
Enovix Corp Target Price Odds to finish below 9.08
The tendency of Enovix 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 $ 9.08 or more in 90 days |
| 12.46 | 90 days | 9.08 | about 21.37 |
Based on a normal probability distribution, the odds of Enovix Corp to drop to $ 9.08 or more in 90 days from now is about 21.37 (This Enovix Corp probability density function shows the probability of Enovix Stock to fall within a particular range of prices over 90 days) . Probability of Enovix Corp price to stay between $ 9.08 and its current price of $12.46 at the end of the 90-day period is about 75.18 .
Given the investment horizon of 90 days Enovix Corp has a beta of -0.21 suggesting as returns on the benchmark increase, returns on holding Enovix Corp are expected to decrease at a much lower rate. During a bear market, however, Enovix Corp is likely to outperform the market. Additionally Enovix Corp has an alpha of 0.7804, implying that it can generate a 0.78 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Enovix Corp Price Density |
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Predictive Modules for Enovix Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enovix Corp. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enovix Corp's 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.
Enovix Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Enovix Corp is not an exception. The market had few large corrections towards the Enovix Corp'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 Enovix Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Enovix Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.78 | |
β | Beta against Dow Jones | -0.21 | |
σ | Overall volatility | 1.29 | |
Ir | Information ratio | 0.12 |
Enovix Corp 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 Enovix Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Enovix Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Enovix Corp had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 263 K. Net Loss for the year was (154.09 M) with loss before overhead, payroll, taxes, and interest of (17.04 M). | |
| Enovix Corp currently holds about 384.73 M in cash with (77.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.45. | |
| Roughly 14.0% of the company shares are held by company insiders | |
| Latest headline from benzinga.com: Spotlight on Enovix Analyzing the Surge in Options Activity |
Enovix Corp 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 Enovix Stock often depends not only on the future outlook of the current and potential Enovix Corp'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. Enovix Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 158.3 M | |
| Cash And Short Term Investments | 306.8 M |
Enovix Corp Technical Analysis
Enovix Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Enovix Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Enovix Corp. In general, you should focus on analyzing Enovix Stock price patterns and their correlations with different microeconomic environments and drivers.
Enovix Corp Predictive Forecast Models
Enovix Corp's time-series forecasting models is one of many Enovix Corp'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 Enovix Corp'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 Enovix Corp
Checking the ongoing alerts about Enovix Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Enovix Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Enovix Corp had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 263 K. Net Loss for the year was (154.09 M) with loss before overhead, payroll, taxes, and interest of (17.04 M). | |
| Enovix Corp currently holds about 384.73 M in cash with (77.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.45. | |
| Roughly 14.0% of the company shares are held by company insiders | |
| Latest headline from benzinga.com: Spotlight on Enovix Analyzing the Surge in Options Activity |
Additional Tools for Enovix Stock Analysis
When running Enovix Corp's price analysis, check to measure Enovix Corp's 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 Enovix Corp is operating at the current time. Most of Enovix Corp's value examination focuses on studying past and present price action to predict the probability of Enovix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enovix Corp's price. Additionally, you may evaluate how the addition of Enovix Corp to your portfolios can decrease your overall portfolio volatility.