E3 Lithium Stock Probability of Future Stock Price Finishing Under 2.38
| ETL Stock | 1.04 0.05 4.59% |
ETL |
E3 Lithium Target Price Odds to finish below 2.38
The tendency of ETL 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 under 2.38 after 90 days |
| 1.04 | 90 days | 2.38 | close to 99 |
Based on a normal probability distribution, the odds of E3 Lithium to stay under 2.38 after 90 days from now is close to 99 (This E3 Lithium probability density function shows the probability of ETL Stock to fall within a particular range of prices over 90 days) . Probability of E3 Lithium price to stay between its current price of 1.04 and 2.38 at the end of the 90-day period is about 88.41 .
Assuming the 90 days horizon E3 Lithium has a beta of 0.93 suggesting E3 Lithium market returns are correlated to returns on the market. As the market goes up or down, E3 Lithium is expected to follow. Additionally E3 Lithium 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. E3 Lithium Price Density |
| Price |
Predictive Modules for E3 Lithium
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as E3 Lithium. 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.E3 Lithium Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. E3 Lithium is not an exception. The market had few large corrections towards the E3 Lithium'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 E3 Lithium, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of E3 Lithium within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.5 | |
β | Beta against Dow Jones | 0.93 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | -0.15 |
E3 Lithium 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 E3 Lithium for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for E3 Lithium can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| E3 Lithium generated a negative expected return over the last 90 days | |
| E3 Lithium has some characteristics of a very speculative penny stock | |
| E3 Lithium has high historical volatility and very poor performance | |
| Net Loss for the year was (9.04 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| E3 Lithium generates negative cash flow from operations | |
| Latest headline from news.google.com: E3 inches closer to Albertas first lithium production plant 2024-11-21 Investing News - Stockhouse Publishing |
E3 Lithium 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 ETL Stock often depends not only on the future outlook of the current and potential E3 Lithium'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. E3 Lithium's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 75.1 M |
E3 Lithium Technical Analysis
E3 Lithium's future price can be derived by breaking down and analyzing its technical indicators over time. ETL Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of E3 Lithium. In general, you should focus on analyzing ETL Stock price patterns and their correlations with different microeconomic environments and drivers.
E3 Lithium Predictive Forecast Models
E3 Lithium's time-series forecasting models is one of many E3 Lithium'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 E3 Lithium'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 E3 Lithium
Checking the ongoing alerts about E3 Lithium for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for E3 Lithium help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| E3 Lithium generated a negative expected return over the last 90 days | |
| E3 Lithium has some characteristics of a very speculative penny stock | |
| E3 Lithium has high historical volatility and very poor performance | |
| Net Loss for the year was (9.04 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| E3 Lithium generates negative cash flow from operations | |
| Latest headline from news.google.com: E3 inches closer to Albertas first lithium production plant 2024-11-21 Investing News - Stockhouse Publishing |
Additional Tools for ETL Stock Analysis
When running E3 Lithium's price analysis, check to measure E3 Lithium'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 E3 Lithium is operating at the current time. Most of E3 Lithium's value examination focuses on studying past and present price action to predict the probability of E3 Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move E3 Lithium's price. Additionally, you may evaluate how the addition of E3 Lithium to your portfolios can decrease your overall portfolio volatility.