Everbright Digital Holding Stock Probability of Future Stock Price Finishing Over 0.73040003
| EDHL Stock | 0.73 0.02 2.61% |
Everbright | Build AI portfolio with Everbright Stock |
Everbright Digital Target Price Odds to finish over 0.73040003
The tendency of Everbright 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 above the current price in 90 days |
| 0.73 | 90 days | 0.73 | close to 99 |
Based on a normal probability distribution, the odds of Everbright Digital to move above the current price in 90 days from now is close to 99 (This Everbright Digital Holding probability density function shows the probability of Everbright Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Everbright Digital has a beta of 0.0784 suggesting as returns on the market go up, Everbright Digital average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Everbright Digital Holding will be expected to be much smaller as well. Additionally Everbright Digital Holding 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. Everbright Digital Price Density |
| Price |
Predictive Modules for Everbright Digital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Everbright Digital. 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.Everbright Digital Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Everbright Digital is not an exception. The market had few large corrections towards the Everbright Digital'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 Everbright Digital Holding, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Everbright Digital within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.21 | |
β | Beta against Dow Jones | 0.08 | |
σ | Overall volatility | 1.41 | |
Ir | Information ratio | -0.12 |
Everbright Digital 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 Everbright Digital for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Everbright Digital can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Everbright Digital generated a negative expected return over the last 90 days | |
| Everbright Digital has high historical volatility and very poor performance | |
| Everbright Digital has some characteristics of a very speculative penny stock | |
| About 68.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: Everbright Digital Faces Trading Halt Due to Volatility EDHL Stock News |
Everbright Digital 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 Everbright Stock often depends not only on the future outlook of the current and potential Everbright Digital'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. Everbright Digital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 26.5 M | |
| Cash And Short Term Investments | 389.7 K |
Everbright Digital Technical Analysis
Everbright Digital's future price can be derived by breaking down and analyzing its technical indicators over time. Everbright Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Everbright Digital Holding. In general, you should focus on analyzing Everbright Stock price patterns and their correlations with different microeconomic environments and drivers.
Everbright Digital Predictive Forecast Models
Everbright Digital's time-series forecasting models is one of many Everbright Digital'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 Everbright Digital'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 Everbright Digital
Checking the ongoing alerts about Everbright Digital for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Everbright Digital help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Everbright Digital generated a negative expected return over the last 90 days | |
| Everbright Digital has high historical volatility and very poor performance | |
| Everbright Digital has some characteristics of a very speculative penny stock | |
| About 68.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: Everbright Digital Faces Trading Halt Due to Volatility EDHL Stock News |
Check out Everbright Digital Backtesting, Everbright Digital Valuation, Everbright Digital Correlation, Everbright Digital Hype Analysis, Everbright Digital Volatility, Everbright Digital History as well as Everbright Digital Performance. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Advertising 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 Everbright Digital. If investors know Everbright 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 Everbright Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.01 | Revenue Per Share | Quarterly Revenue Growth (0.50) | Return On Assets | Return On Equity |
The market value of Everbright Digital is measured differently than its book value, which is the value of Everbright that is recorded on the company's balance sheet. Investors also form their own opinion of Everbright Digital's value that differs from its market value or its book value, called intrinsic value, which is Everbright Digital'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 Everbright Digital's market value can be influenced by many factors that don't directly affect Everbright Digital'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 Everbright Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Everbright Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Everbright Digital'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.