Enerplus Stock Odds of Future Stock Price Finishing Under 27.82
| ERF Stock | CAD 26.76 0.13 0.49% |
Enerplus |
Enerplus Target Price Odds to finish below 27.82
The tendency of Enerplus 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 stay under C$ 27.82 after 90 days |
| 26.76 | 90 days | 27.82 | about 85.9 |
Based on a normal probability distribution, the odds of Enerplus to stay under C$ 27.82 after 90 days from now is about 85.9 (This Enerplus probability density function shows the probability of Enerplus Stock to fall within a particular range of prices over 90 days) . Probability of Enerplus price to stay between its current price of C$ 26.76 and C$ 27.82 at the end of the 90-day period is about 9.74 .
Assuming the 90 days trading horizon Enerplus has a beta of 0.7 suggesting as returns on the market go up, Enerplus average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Enerplus will be expected to be much smaller as well. Additionally Enerplus has an alpha of 0.4364, implying that it can generate a 0.44 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Enerplus Price Density |
| Price |
Predictive Modules for Enerplus
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enerplus. 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 Enerplus' 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.
Enerplus Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Enerplus is not an exception. The market had few large corrections towards the Enerplus' 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 Enerplus, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Enerplus within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.44 | |
β | Beta against NYSE Composite | 0.70 | |
σ | Overall volatility | 2.90 | |
Ir | Information ratio | 0.22 |
Enerplus 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 Enerplus for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Enerplus can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company has accumulated 80.6 M in total debt with debt to equity ratio (D/E) of 0.63, which is about average as compared to similar companies. Enerplus 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 Enerplus until it has trouble settling it off, either with new capital or with free cash flow. So, Enerplus' 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 Enerplus sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enerplus to invest in growth at high rates of return. When we think about Enerplus' use of debt, we should always consider it together with cash and equity. | |
| About 62.0% of Enerplus shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Enerplus To Report First Quarter 2024 Results May 8 - Barchart |
Enerplus 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 Enerplus Stock often depends not only on the future outlook of the current and potential Enerplus' 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. Enerplus' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 202.2 M |
Enerplus Technical Analysis
Enerplus' future price can be derived by breaking down and analyzing its technical indicators over time. Enerplus Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Enerplus. In general, you should focus on analyzing Enerplus Stock price patterns and their correlations with different microeconomic environments and drivers.
Enerplus Predictive Forecast Models
Enerplus' time-series forecasting models is one of many Enerplus' 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 Enerplus' 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 Enerplus
Checking the ongoing alerts about Enerplus for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Enerplus help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company has accumulated 80.6 M in total debt with debt to equity ratio (D/E) of 0.63, which is about average as compared to similar companies. Enerplus 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 Enerplus until it has trouble settling it off, either with new capital or with free cash flow. So, Enerplus' 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 Enerplus sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enerplus to invest in growth at high rates of return. When we think about Enerplus' use of debt, we should always consider it together with cash and equity. | |
| About 62.0% of Enerplus shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Enerplus To Report First Quarter 2024 Results May 8 - Barchart |
Check out Enerplus Backtesting, Enerplus Valuation, Enerplus Correlation, Enerplus Hype Analysis, Enerplus Volatility, Enerplus History as well as Enerplus Performance. To learn how to invest in Enerplus Stock, please use our How to Invest in Enerplus guide.Note that the Enerplus information on this page should be used as a complementary analysis to other Enerplus' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Enerplus Stock analysis
When running Enerplus' price analysis, check to measure Enerplus' 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 Enerplus is operating at the current time. Most of Enerplus' value examination focuses on studying past and present price action to predict the probability of Enerplus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enerplus' price. Additionally, you may evaluate how the addition of Enerplus to your portfolios can decrease your overall portfolio volatility.
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