Ecofin Global (UK) Probability of Future Stock Price Finishing Over 222.00
| EGL Stock | 222.00 9.00 4.23% |
Ecofin |
Ecofin Global Target Price Odds to finish over 222.00
The tendency of Ecofin 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 |
| 222.00 | 90 days | 222.00 | roughly 2.96 |
Based on a normal probability distribution, the odds of Ecofin Global to move above the current price in 90 days from now is roughly 2.96 (This Ecofin Global Utilities probability density function shows the probability of Ecofin Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Ecofin Global Utilities has a beta of -0.17 suggesting as returns on the benchmark increase, returns on holding Ecofin Global are expected to decrease at a much lower rate. During a bear market, however, Ecofin Global Utilities is likely to outperform the market. Additionally Ecofin Global Utilities has an alpha of 0.2492, implying that it can generate a 0.25 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ecofin Global Price Density |
| Price |
Predictive Modules for Ecofin Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ecofin Global Utilities. 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.Ecofin Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ecofin Global is not an exception. The market had few large corrections towards the Ecofin Global'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 Ecofin Global Utilities, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ecofin Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.25 | |
β | Beta against Dow Jones | -0.17 | |
σ | Overall volatility | 7.04 | |
Ir | Information ratio | 0.04 |
Ecofin Global 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 Ecofin Stock often depends not only on the future outlook of the current and potential Ecofin Global'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. Ecofin Global's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 112.8 M |
Ecofin Global Technical Analysis
Ecofin Global's future price can be derived by breaking down and analyzing its technical indicators over time. Ecofin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ecofin Global Utilities. In general, you should focus on analyzing Ecofin Stock price patterns and their correlations with different microeconomic environments and drivers.
Ecofin Global Predictive Forecast Models
Ecofin Global's time-series forecasting models is one of many Ecofin Global'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 Ecofin Global'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ecofin Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ecofin Global's short interest history, or implied volatility extrapolated from Ecofin Global options trading.
Other Information on Investing in Ecofin Stock
Ecofin Global financial ratios help investors to determine whether Ecofin Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ecofin with respect to the benefits of owning Ecofin Global security.