Elevance Health Stock Probability of Future Stock Price Finishing Under 527.93
| ELV Stock | USD 545.61 3.99 0.74% |
Elevance |
Elevance Health Target Price Odds to finish below 527.93
The tendency of Elevance 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 $ 527.93 or more in 90 days |
| 545.61 | 90 days | 527.93 | about 75.54 |
Based on a normal probability distribution, the odds of Elevance Health to drop to $ 527.93 or more in 90 days from now is about 75.54 (This Elevance Health probability density function shows the probability of Elevance Stock to fall within a particular range of prices over 90 days) . Probability of Elevance Health price to stay between $ 527.93 and its current price of $545.61 at the end of the 90-day period is about 21.31 .
Considering the 90-day investment horizon Elevance Health has a beta of 0.64 suggesting as returns on the market go up, Elevance Health average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Elevance Health will be expected to be much smaller as well. Additionally Elevance Health has an alpha of 0.0488, implying that it can generate a 0.0488 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Elevance Health Price Density |
| Price |
Predictive Modules for Elevance 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 Elevance Health. 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 Elevance Health'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.
Elevance Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elevance Health is not an exception. The market had few large corrections towards the Elevance 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 Elevance Health, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elevance Health within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.05 | |
β | Beta against NYSE Composite | 0.64 | |
σ | Overall volatility | 14.68 | |
Ir | Information ratio | 0.02 |
Elevance 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 Elevance Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elevance Health can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 91.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from zacks.com: Elevance Rises 14.9 percent YTD What Lies Ahead for Investors |
Elevance 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 Elevance Stock often depends not only on the future outlook of the current and potential Elevance 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. Elevance Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 237.4 M | |
| Cash And Short Term Investments | 36.1 B |
Elevance Health Technical Analysis
Elevance Health's future price can be derived by breaking down and analyzing its technical indicators over time. Elevance Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elevance Health. In general, you should focus on analyzing Elevance Stock price patterns and their correlations with different microeconomic environments and drivers.
Elevance Health Predictive Forecast Models
Elevance Health's time-series forecasting models is one of many Elevance 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 Elevance 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 Elevance Health
Checking the ongoing alerts about Elevance Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elevance Health help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 91.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from zacks.com: Elevance Rises 14.9 percent YTD What Lies Ahead for Investors |
Check out Elevance Health Backtesting, Elevance Health Valuation, Elevance Health Correlation, Elevance Health Hype Analysis, Elevance Health Volatility, Elevance Health History as well as Elevance Health Performance. For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Elevance Stock analysis
When running Elevance Health's price analysis, check to measure Elevance 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 Elevance Health is operating at the current time. Most of Elevance Health's value examination focuses on studying past and present price action to predict the probability of Elevance 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 Elevance Health's price. Additionally, you may evaluate how the addition of Elevance Health to your portfolios can decrease your overall portfolio volatility.
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
Is Elevance Health'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 Elevance Health. If investors know Elevance 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 Elevance Health 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 0.155 | Dividend Share 6.07 | Earnings Share 26.49 | Revenue Per Share 731.764 | Quarterly Revenue Growth 0.01 |
The market value of Elevance Health is measured differently than its book value, which is the value of Elevance that is recorded on the company's balance sheet. Investors also form their own opinion of Elevance Health's value that differs from its market value or its book value, called intrinsic value, which is Elevance Health'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 Elevance Health's market value can be influenced by many factors that don't directly affect Elevance Health'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 Elevance Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elevance Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elevance Health'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.