EVE Health (Australia) Probability of Future Stock Price Finishing Under 0.0271
| EVE Stock | 0.03 0 3.13% |
EVE |
EVE Health Target Price Odds to finish below 0.0271
The tendency of EVE 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 0.03 or more in 90 days |
| 0.03 | 90 days | 0.03 | about 1.92 |
Based on a normal probability distribution, the odds of EVE Health to drop to 0.03 or more in 90 days from now is about 1.92 (This EVE Health Group probability density function shows the probability of EVE Stock to fall within a particular range of prices over 90 days) . Probability of EVE Health Group price to stay between 0.03 and its current price of 0.033 at the end of the 90-day period is about 22.84 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.15 suggesting EVE Health Group market returns are related to returns on the market. As the market goes up or down, EVE Health is expected to follow. Additionally EVE Health Group 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. EVE Health Price Density |
| Price |
Predictive Modules for EVE Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EVE Health Group. 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.EVE Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EVE Health is not an exception. The market had few large corrections towards the EVE Health'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 EVE Health Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EVE Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.3 | |
β | Beta against Dow Jones | 1.15 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.04 |
EVE Health 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 EVE Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EVE Health Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| EVE Health Group generated a negative expected return over the last 90 days | |
| EVE Health Group has high historical volatility and very poor performance | |
| EVE Health Group has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 2.13 M. Net Loss for the year was (1.55 M) with profit before overhead, payroll, taxes, and interest of 899.31 K. | |
| EVE Health Group has accumulated about 106.17 K in cash with (1.11 M) of positive cash flow from operations. | |
| Roughly 47.0% of the company shares are held by company insiders |
EVE Health 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 EVE Stock often depends not only on the future outlook of the current and potential EVE Health'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. EVE Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5.3 B | |
| Cash And Short Term Investments | 106.2 K |
EVE Health Technical Analysis
EVE Health's future price can be derived by breaking down and analyzing its technical indicators over time. EVE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EVE Health Group. In general, you should focus on analyzing EVE Stock price patterns and their correlations with different microeconomic environments and drivers.
EVE Health Predictive Forecast Models
EVE Health's time-series forecasting models is one of many EVE Health'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 EVE Health'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 EVE Health Group
Checking the ongoing alerts about EVE Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EVE Health Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EVE Health Group generated a negative expected return over the last 90 days | |
| EVE Health Group has high historical volatility and very poor performance | |
| EVE Health Group has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 2.13 M. Net Loss for the year was (1.55 M) with profit before overhead, payroll, taxes, and interest of 899.31 K. | |
| EVE Health Group has accumulated about 106.17 K in cash with (1.11 M) of positive cash flow from operations. | |
| Roughly 47.0% of the company shares are held by company insiders |
Additional Tools for EVE Stock Analysis
When running EVE Health's price analysis, check to measure EVE Health'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 EVE Health is operating at the current time. Most of EVE Health's value examination focuses on studying past and present price action to predict the probability of EVE Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EVE Health's price. Additionally, you may evaluate how the addition of EVE Health to your portfolios can decrease your overall portfolio volatility.