Endava Stock Chance of Future Stock Price Finishing Over 29.21
| DAVA Stock | USD 29.21 0.04 0.14% |
Endava |
Endava Target Price Odds to finish over 29.21
The tendency of Endava 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 |
| 29.21 | 90 days | 29.21 | about 77.04 |
Based on a normal probability distribution, the odds of Endava to move above the current price in 90 days from now is about 77.04 (This Endava probability density function shows the probability of Endava Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Endava has a beta of 0.52 suggesting as returns on the market go up, Endava average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Endava will be expected to be much smaller as well. Additionally Endava has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Endava Price Density |
| Price |
Predictive Modules for Endava
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Endava. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Endava's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Endava Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Endava is not an exception. The market had few large corrections towards the Endava'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 Endava, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Endava within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -1.11 | |
β | Beta against NYSE Composite | 0.52 | |
σ | Overall volatility | 8.43 | |
Ir | Information ratio | -0.2 |
Endava 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 Endava for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Endava can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Endava generated a negative expected return over the last 90 days | |
| Endava has high historical volatility and very poor performance | |
| Over 78.0% of the company shares are held by institutions such as insurance companies |
Endava 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 Endava Stock often depends not only on the future outlook of the current and potential Endava'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. Endava's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 58.1 M | |
| Cash And Short Term Investments | 164.8 M |
Endava Technical Analysis
Endava's future price can be derived by breaking down and analyzing its technical indicators over time. Endava Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Endava. In general, you should focus on analyzing Endava Stock price patterns and their correlations with different microeconomic environments and drivers.
Endava Predictive Forecast Models
Endava's time-series forecasting models is one of many Endava'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 Endava'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 Endava
Checking the ongoing alerts about Endava for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Endava help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Endava generated a negative expected return over the last 90 days | |
| Endava has high historical volatility and very poor performance | |
| Over 78.0% of the company shares are held by institutions such as insurance companies |
Check out Endava Backtesting, Endava Valuation, Endava Correlation, Endava Hype Analysis, Endava Volatility, Endava History as well as Endava Performance. For information on how to trade Endava Stock refer to our How to Trade Endava Stock guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Endava Stock analysis
When running Endava's price analysis, check to measure Endava'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 Endava is operating at the current time. Most of Endava's value examination focuses on studying past and present price action to predict the probability of Endava's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Endava's price. Additionally, you may evaluate how the addition of Endava to your portfolios can decrease your overall portfolio volatility.
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Is Endava's industry 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 Endava. If investors know Endava 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 Endava listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Endava is measured differently than its book value, which is the value of Endava that is recorded on the company's balance sheet. Investors also form their own opinion of Endava's value that differs from its market value or its book value, called intrinsic value, which is Endava'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 Endava's market value can be influenced by many factors that don't directly affect Endava'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 Endava's value and its price as these two are different measures arrived at by different means. Investors typically determine if Endava is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Endava'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.