Enags Sa Stock Probability of Future Pink Sheet Price Finishing Over 27.81
| ENGGF Stock | USD 14.95 0.40 2.61% |
Enagás |
Enagás SA Target Price Odds to finish over 27.81
The tendency of Enagás Pink Sheet 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 $ 27.81 or more in 90 days |
| 14.95 | 90 days | 27.81 | close to zero percent |
Based on a normal probability distribution, the odds of Enagás SA to move over $ 27.81 or more in 90 days from now is close to zero percent (This Enags SA probability density function shows the probability of Enagás Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Enagás SA price to stay between its current price of $ 14.95 and $ 27.81 at the end of the 90-day period is about 70.85 .
Assuming the 90 days horizon Enags SA has a beta of -0.38 suggesting as returns on the benchmark increase, returns on holding Enagás SA are expected to decrease at a much lower rate. During a bear market, however, Enags SA is likely to outperform the market. Additionally Enags SA has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Enagás SA Price Density |
| Price |
Predictive Modules for Enagás SA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enagás SA. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Enagás SA'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.
Enagás SA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Enagás SA is not an exception. The market had few large corrections towards the Enagás SA'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 Enags SA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Enagás SA within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.25 | |
β | Beta against NYSE Composite | -0.38 | |
σ | Overall volatility | 1.02 | |
Ir | Information ratio | -0.16 |
Enagás SA 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 Enagás SA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Enagás SA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Enagás SA generated a negative expected return over the last 90 days | |
| About 20.0% of the company shares are held by company insiders |
Enagás SA 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 Enagás Pink Sheet often depends not only on the future outlook of the current and potential Enagás SA'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. Enagás SA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 261.5 M |
Enagás SA Technical Analysis
Enagás SA's future price can be derived by breaking down and analyzing its technical indicators over time. Enagás Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Enags SA. In general, you should focus on analyzing Enagás Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Enagás SA Predictive Forecast Models
Enagás SA's time-series forecasting models is one of many Enagás SA's pink sheet 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 Enagás SA'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Enagás SA
Checking the ongoing alerts about Enagás SA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Enagás SA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Enagás SA generated a negative expected return over the last 90 days | |
| About 20.0% of the company shares are held by company insiders |
Check out Enagás SA Backtesting, Enagás SA Valuation, Enagás SA Correlation, Enagás SA Hype Analysis, Enagás SA Volatility, Enagás SA History as well as Enagás SA Performance. Note that the Enagás SA information on this page should be used as a complementary analysis to other Enagás SA'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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Enagás Pink Sheet analysis
When running Enagás SA's price analysis, check to measure Enagás SA'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 Enagás SA is operating at the current time. Most of Enagás SA's value examination focuses on studying past and present price action to predict the probability of Enagás SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enagás SA's price. Additionally, you may evaluate how the addition of Enagás SA to your portfolios can decrease your overall portfolio volatility.
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