Everspin Technologies Stock Probability of Future Stock Price Finishing Under 0.06
| MRAM Stock | USD 6.47 0.08 1.25% |
Closest to current price Everspin long CALL Option Payoff at Expiration
Everspin |
Everspin Technologies Target Price Odds to finish below 0.06
The tendency of Everspin 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 $ 0.06 or more in 90 days |
| 6.47 | 90 days | 0.06 | near 1 |
Based on a normal probability distribution, the odds of Everspin Technologies to drop to $ 0.06 or more in 90 days from now is near 1 (This Everspin Technologies probability density function shows the probability of Everspin Stock to fall within a particular range of prices over 90 days) . Probability of Everspin Technologies price to stay between $ 0.06 and its current price of $6.47 at the end of the 90-day period is about 91.8 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.07 . This indicates Everspin Technologies market returns are highly reactive to returns on the market. As the market goes up or down, Everspin Technologies is expected to follow. Additionally Everspin Technologies has an alpha of 0.2364, implying that it can generate a 0.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Everspin Technologies Price Density |
| Price |
Predictive Modules for Everspin 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 Everspin 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.Everspin Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Everspin Technologies is not an exception. The market had few large corrections towards the Everspin 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 Everspin Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Everspin Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.24 | |
β | Beta against Dow Jones | 1.07 | |
σ | Overall volatility | 0.33 | |
Ir | Information ratio | 0.09 |
Everspin 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 Everspin Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Everspin 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.| Everspin Technologies is unlikely to experience financial distress in the next 2 years | |
| Everspin Technologies has a strong financial position based on the latest SEC filings | |
| About 61.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: An Intrinsic Calculation For Everspin Technologies, Inc. Suggests Its 47 percent Undervalued |
Everspin 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 Everspin Stock often depends not only on the future outlook of the current and potential Everspin 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. Everspin Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 21.4 M | |
| Cash And Short Term Investments | 36.9 M |
Everspin Technologies Technical Analysis
Everspin Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Everspin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Everspin Technologies. In general, you should focus on analyzing Everspin Stock price patterns and their correlations with different microeconomic environments and drivers.
Everspin Technologies Predictive Forecast Models
Everspin Technologies' time-series forecasting models is one of many Everspin 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 Everspin 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 Everspin Technologies
Checking the ongoing alerts about Everspin Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Everspin Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Everspin Technologies is unlikely to experience financial distress in the next 2 years | |
| Everspin Technologies has a strong financial position based on the latest SEC filings | |
| About 61.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: An Intrinsic Calculation For Everspin Technologies, Inc. Suggests Its 47 percent Undervalued |
Check out Everspin Technologies Backtesting, Everspin Technologies Valuation, Everspin Technologies Correlation, Everspin Technologies Hype Analysis, Everspin Technologies Volatility, Everspin Technologies History as well as Everspin Technologies Performance. To learn how to invest in Everspin Stock, please use our How to Invest in Everspin Technologies guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is Semiconductors & Semiconductor Equipment 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 Everspin Technologies. If investors know Everspin 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 Everspin Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.09) | Earnings Share 0.07 | Revenue Per Share 2.516 | Quarterly Revenue Growth (0.27) | Return On Assets (0.04) |
The market value of Everspin Technologies is measured differently than its book value, which is the value of Everspin that is recorded on the company's balance sheet. Investors also form their own opinion of Everspin Technologies' value that differs from its market value or its book value, called intrinsic value, which is Everspin Technologies' 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 Everspin Technologies' market value can be influenced by many factors that don't directly affect Everspin Technologies' 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 Everspin Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Everspin Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Everspin Technologies' 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.