Envveno Medical Corp Stock Probability of Future Stock Price Finishing Over 5.1
| NVNO Stock | USD 4.99 0.04 0.81% |
Closest to current price EnVVeno long PUT Option Payoff at Expiration
EnVVeno |
EnVVeno Medical Target Price Odds to finish over 5.1
The tendency of EnVVeno 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 over $ 5.10 or more in 90 days |
| 4.99 | 90 days | 5.10 | about 72.7 |
Based on a normal probability distribution, the odds of EnVVeno Medical to move over $ 5.10 or more in 90 days from now is about 72.7 (This enVVeno Medical Corp probability density function shows the probability of EnVVeno Stock to fall within a particular range of prices over 90 days) . Probability of enVVeno Medical Corp price to stay between its current price of $ 4.99 and $ 5.10 at the end of the 90-day period is about 6.44 .
Given the investment horizon of 90 days EnVVeno Medical has a beta of 0.87. This indicates enVVeno Medical Corp market returns are highly reactive to returns on the market. As the market goes up or down, EnVVeno Medical is expected to follow. Additionally EnVVeno Medical Corp has an alpha of 0.028, implying that it can generate a 0.028 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). EnVVeno Medical Price Density |
| Price |
Predictive Modules for EnVVeno Medical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as enVVeno Medical Corp. 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 EnVVeno Medical'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.
EnVVeno Medical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EnVVeno Medical is not an exception. The market had few large corrections towards the EnVVeno Medical'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 enVVeno Medical Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EnVVeno Medical within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.03 | |
β | Beta against NYSE Composite | 0.87 | |
σ | Overall volatility | 0.53 | |
Ir | Information ratio | 0 |
EnVVeno Medical 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 EnVVeno Medical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for enVVeno Medical Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| enVVeno Medical Corp generated a negative expected return over the last 90 days | |
| enVVeno Medical Corp has high historical volatility and very poor performance | |
| Net Loss for the year was (23.52 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| enVVeno Medical Corp currently holds about 37.48 M in cash with (18.86 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.96. | |
| Latest headline from seekingalpha.com: enVVeno Medical reports Q1 results |
EnVVeno Medical 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 EnVVeno Stock often depends not only on the future outlook of the current and potential EnVVeno Medical'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. EnVVeno Medical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12.3 M | |
| Cash And Short Term Investments | 46.4 M |
EnVVeno Medical Technical Analysis
EnVVeno Medical's future price can be derived by breaking down and analyzing its technical indicators over time. EnVVeno Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of enVVeno Medical Corp. In general, you should focus on analyzing EnVVeno Stock price patterns and their correlations with different microeconomic environments and drivers.
EnVVeno Medical Predictive Forecast Models
EnVVeno Medical's time-series forecasting models is one of many EnVVeno Medical'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 EnVVeno Medical'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 enVVeno Medical Corp
Checking the ongoing alerts about EnVVeno Medical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for enVVeno Medical Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| enVVeno Medical Corp generated a negative expected return over the last 90 days | |
| enVVeno Medical Corp has high historical volatility and very poor performance | |
| Net Loss for the year was (23.52 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| enVVeno Medical Corp currently holds about 37.48 M in cash with (18.86 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.96. | |
| Latest headline from seekingalpha.com: enVVeno Medical reports Q1 results |
Check out EnVVeno Medical Backtesting, EnVVeno Medical Valuation, EnVVeno Medical Correlation, EnVVeno Medical Hype Analysis, EnVVeno Medical Volatility, EnVVeno Medical History as well as EnVVeno Medical Performance. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for EnVVeno Stock analysis
When running EnVVeno Medical's price analysis, check to measure EnVVeno Medical'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 EnVVeno Medical is operating at the current time. Most of EnVVeno Medical's value examination focuses on studying past and present price action to predict the probability of EnVVeno Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EnVVeno Medical's price. Additionally, you may evaluate how the addition of EnVVeno Medical to your portfolios can decrease your overall portfolio volatility.
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Is EnVVeno Medical'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 EnVVeno Medical. If investors know EnVVeno 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 EnVVeno Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.65) | Return On Assets (0.37) | Return On Equity (0.58) |
The market value of enVVeno Medical Corp is measured differently than its book value, which is the value of EnVVeno that is recorded on the company's balance sheet. Investors also form their own opinion of EnVVeno Medical's value that differs from its market value or its book value, called intrinsic value, which is EnVVeno Medical'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 EnVVeno Medical's market value can be influenced by many factors that don't directly affect EnVVeno Medical'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 EnVVeno Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if EnVVeno Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EnVVeno Medical'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.