Eniro AB (Sweden) Odds of Future Stock Price Finishing Over 0.52
| ENRO Stock | SEK 0.52 0.03 5.45% |
Eniro |
Eniro AB Target Price Odds to finish over 0.52
The tendency of Eniro 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 |
| 0.52 | 90 days | 0.52 | roughly 97.0 |
Based on a normal probability distribution, the odds of Eniro AB to move above the current price in 90 days from now is roughly 97.0 (This Eniro AB probability density function shows the probability of Eniro Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Eniro AB has a beta of -0.26 suggesting as returns on the benchmark increase, returns on holding Eniro AB are expected to decrease at a much lower rate. During a bear market, however, Eniro AB is likely to outperform the market. Additionally Eniro AB has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Eniro AB Price Density |
| Price |
Predictive Modules for Eniro AB
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eniro AB. 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 Eniro AB'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.
Eniro AB Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eniro AB is not an exception. The market had few large corrections towards the Eniro AB'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 Eniro AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eniro AB within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.13 | |
β | Beta against NYSE Composite | -0.26 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.07 |
Eniro AB 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 Eniro AB for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eniro AB can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eniro AB generated a negative expected return over the last 90 days | |
| Eniro AB has some characteristics of a very speculative penny stock | |
| Eniro AB has a very high chance of going through financial distress in the upcoming years | |
| Eniro AB has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company has accumulated 28 M in total debt with debt to equity ratio (D/E) of 474.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Eniro AB has a current ratio of 0.54, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Eniro AB until it has trouble settling it off, either with new capital or with free cash flow. So, Eniro AB's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Eniro AB sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eniro to invest in growth at high rates of return. When we think about Eniro AB's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 828 M. Net Loss for the year was (107 M) with profit before overhead, payroll, taxes, and interest of 318 M. | |
| About 23.0% of Eniro AB shares are held by company insiders |
Eniro AB 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 Eniro Stock often depends not only on the future outlook of the current and potential Eniro AB'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. Eniro AB's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 107.5 M | |
| Cash And Short Term Investments | 239 M |
Eniro AB Technical Analysis
Eniro AB's future price can be derived by breaking down and analyzing its technical indicators over time. Eniro Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eniro AB. In general, you should focus on analyzing Eniro Stock price patterns and their correlations with different microeconomic environments and drivers.
Eniro AB Predictive Forecast Models
Eniro AB's time-series forecasting models is one of many Eniro AB'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 Eniro AB'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 Eniro AB
Checking the ongoing alerts about Eniro AB for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eniro AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eniro AB generated a negative expected return over the last 90 days | |
| Eniro AB has some characteristics of a very speculative penny stock | |
| Eniro AB has a very high chance of going through financial distress in the upcoming years | |
| Eniro AB has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company has accumulated 28 M in total debt with debt to equity ratio (D/E) of 474.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Eniro AB has a current ratio of 0.54, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Eniro AB until it has trouble settling it off, either with new capital or with free cash flow. So, Eniro AB's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Eniro AB sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eniro to invest in growth at high rates of return. When we think about Eniro AB's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 828 M. Net Loss for the year was (107 M) with profit before overhead, payroll, taxes, and interest of 318 M. | |
| About 23.0% of Eniro AB shares are held by company insiders |
Check out Eniro AB Backtesting, Eniro AB Valuation, Eniro AB Correlation, Eniro AB Hype Analysis, Eniro AB Volatility, Eniro AB History as well as Eniro AB Performance. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Eniro Stock analysis
When running Eniro AB's price analysis, check to measure Eniro AB'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 Eniro AB is operating at the current time. Most of Eniro AB's value examination focuses on studying past and present price action to predict the probability of Eniro AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eniro AB's price. Additionally, you may evaluate how the addition of Eniro AB to your portfolios can decrease your overall portfolio volatility.
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