Ensign Stock Forecast - Day Median Price
| ENSG Stock | USD 121.41 1.64 1.37% |
Ensign Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Ensign stock prices and determine the direction of The Ensign Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Ensign's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Ensign's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Ensign's systematic risk associated with finding meaningful patterns of Ensign fundamentals over time.
Check out Historical Fundamental Analysis of Ensign to cross-verify your projections. Ensign |
Open Interest Against 2024-06-21 Ensign Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Ensign's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Ensign's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Ensign stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Ensign's open interest, investors have to compare it to Ensign's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Ensign is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Ensign. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Ensign cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Ensign's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Ensign's price structures and extracts relationships that further increase the generated results' accuracy.
Median Price is the statistical median of an asset price for a given trading period.| Previous Day Median Price | Day Median Price | Trend |
| 120.07 | 121.41 |
| Check Ensign Volatility | Backtest Ensign | Information Ratio |
Ensign Trading Date Momentum
| On June 05 2024 The Ensign Group was traded for 121.41 at the closing time. The top price for the day was 121.41 and the lowest listed price was 121.41 . There was no trading activity during the period 0.0. Lack of trading volume on June 5, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 1.35% . |
The median price is the midpoint of the trading periods range.
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Other Forecasting Options for Ensign
For every potential investor in Ensign, whether a beginner or expert, Ensign's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ensign Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ensign. Basic forecasting techniques help filter out the noise by identifying Ensign's price trends.Ensign Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ensign stock to make a market-neutral strategy. Peer analysis of Ensign could also be used in its relative valuation, which is a method of valuing Ensign by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ensign Group Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Ensign's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Ensign's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ensign Market Strength Events
Market strength indicators help investors to evaluate how Ensign stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ensign shares will generate the highest return on investment. By undertsting and applying Ensign stock market strength indicators, traders can identify The Ensign Group entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 121.41 | |||
| Day Typical Price | 121.41 | |||
| Price Action Indicator | 0.82 | |||
| Period Momentum Indicator | 1.64 |
Ensign Risk Indicators
The analysis of Ensign's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Ensign's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ensign stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.9017 | |||
| Semi Deviation | 1.05 | |||
| Standard Deviation | 1.16 | |||
| Variance | 1.36 | |||
| Downside Variance | 1.14 | |||
| Semi Variance | 1.11 | |||
| Expected Short fall | (1.03) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Ensign Stock
When determining whether Ensign Group is a strong investment it is important to analyze Ensign's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ensign's future performance. For an informed investment choice regarding Ensign Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Ensign to cross-verify your projections. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Health Care Providers & Services 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 Ensign. If investors know Ensign 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 Ensign 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 0.133 | Dividend Share 0.235 | Earnings Share 3.79 | Revenue Per Share 68.838 | Quarterly Revenue Growth 0.139 |
The market value of Ensign Group is measured differently than its book value, which is the value of Ensign that is recorded on the company's balance sheet. Investors also form their own opinion of Ensign's value that differs from its market value or its book value, called intrinsic value, which is Ensign'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 Ensign's market value can be influenced by many factors that don't directly affect Ensign'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 Ensign's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ensign is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ensign'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.