Ellsworth Convertible Growth Stock Probability of Future Stock Price Finishing Over 7.91
| ECF Stock | USD 8.01 0.08 0.99% |
Ellsworth |
Ellsworth Convertible Target Price Odds to finish over 7.91
The tendency of Ellsworth 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 above $ 7.91 in 90 days |
| 8.01 | 90 days | 7.91 | about 57.93 |
Based on a normal probability distribution, the odds of Ellsworth Convertible to stay above $ 7.91 in 90 days from now is about 57.93 (This Ellsworth Convertible Growth probability density function shows the probability of Ellsworth Stock to fall within a particular range of prices over 90 days) . Probability of Ellsworth Convertible price to stay between $ 7.91 and its current price of $8.01 at the end of the 90-day period is about 25.89 .
Considering the 90-day investment horizon Ellsworth Convertible has a beta of 0.95 suggesting Ellsworth Convertible Growth market returns are reactive to returns on the market. As the market goes up or down, Ellsworth Convertible is expected to follow. Additionally Ellsworth Convertible Growth has an alpha of 0.007, implying that it can generate a 0.007017 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Ellsworth Convertible Price Density |
| Price |
Predictive Modules for Ellsworth Convertible
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ellsworth Convertible. 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 Ellsworth Convertible'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.
Ellsworth Convertible Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ellsworth Convertible is not an exception. The market had few large corrections towards the Ellsworth Convertible'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 Ellsworth Convertible Growth, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ellsworth Convertible within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.01 | |
β | Beta against NYSE Composite | 0.95 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | 0.01 |
Ellsworth Convertible 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 Ellsworth Convertible for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ellsworth Convertible 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 current Debt To Equity is estimated to decrease to 0.000067The company has a current ratio of 0.74, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Ellsworth Convertible until it has trouble settling it off, either with new capital or with free cash flow. So, Ellsworth Convertible'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 Ellsworth Convertible sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ellsworth to invest in growth at high rates of return. When we think about Ellsworth Convertible's use of debt, we should always consider it together with cash and equity. | |
| Ellsworth Convertible has a strong financial position based on the latest SEC filings | |
| Latest headline from news.google.com: Ellsworth Growth and Income Fund Ltd. Announces Correction to Quarterly Dividend Press Release - Yahoo Singapore News |
Ellsworth Convertible 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 Ellsworth Stock often depends not only on the future outlook of the current and potential Ellsworth Convertible'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. Ellsworth Convertible's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 13.7 M | |
| Cash And Short Term Investments | 43.9 K |
Ellsworth Convertible Technical Analysis
Ellsworth Convertible's future price can be derived by breaking down and analyzing its technical indicators over time. Ellsworth Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ellsworth Convertible Growth. In general, you should focus on analyzing Ellsworth Stock price patterns and their correlations with different microeconomic environments and drivers.
Ellsworth Convertible Predictive Forecast Models
Ellsworth Convertible's time-series forecasting models is one of many Ellsworth Convertible'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 Ellsworth Convertible'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 Ellsworth Convertible
Checking the ongoing alerts about Ellsworth Convertible for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ellsworth Convertible help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The current Debt To Equity is estimated to decrease to 0.000067The company has a current ratio of 0.74, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Ellsworth Convertible until it has trouble settling it off, either with new capital or with free cash flow. So, Ellsworth Convertible'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 Ellsworth Convertible sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ellsworth to invest in growth at high rates of return. When we think about Ellsworth Convertible's use of debt, we should always consider it together with cash and equity. | |
| Ellsworth Convertible has a strong financial position based on the latest SEC filings | |
| Latest headline from news.google.com: Ellsworth Growth and Income Fund Ltd. Announces Correction to Quarterly Dividend Press Release - Yahoo Singapore News |
Check out Ellsworth Convertible Backtesting, Ellsworth Convertible Valuation, Ellsworth Convertible Correlation, Ellsworth Convertible Hype Analysis, Ellsworth Convertible Volatility, Ellsworth Convertible History as well as Ellsworth Convertible Performance. Note that the Ellsworth Convertible information on this page should be used as a complementary analysis to other Ellsworth Convertible's 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Ellsworth Stock analysis
When running Ellsworth Convertible's price analysis, check to measure Ellsworth Convertible'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 Ellsworth Convertible is operating at the current time. Most of Ellsworth Convertible's value examination focuses on studying past and present price action to predict the probability of Ellsworth Convertible's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ellsworth Convertible's price. Additionally, you may evaluate how the addition of Ellsworth Convertible to your portfolios can decrease your overall portfolio volatility.
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Is Ellsworth Convertible'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 Ellsworth Convertible. If investors know Ellsworth 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 Ellsworth Convertible 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 (0.82) | Dividend Share 0.52 | Earnings Share 0.46 | Revenue Per Share 0.4 | Quarterly Revenue Growth 0.77 |
The market value of Ellsworth Convertible is measured differently than its book value, which is the value of Ellsworth that is recorded on the company's balance sheet. Investors also form their own opinion of Ellsworth Convertible's value that differs from its market value or its book value, called intrinsic value, which is Ellsworth Convertible'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 Ellsworth Convertible's market value can be influenced by many factors that don't directly affect Ellsworth Convertible'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 Ellsworth Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellsworth Convertible is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellsworth Convertible'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.