Echo Global Stock Probability of Future Stock Price Finishing Over 48.24

ECHO -  USA Stock  

USD 48.24  0.00  0.00%

Echo Global's future price is the expected price of Echo Global instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Echo Global Logistic performance during a given time horizon utilizing its historical volatility. Price to Book Value is expected to rise to 1.94 this year. Price to Earnings Ratio is expected to rise to 66.20 this year.

Echo Global Price Probability 

 
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Echo Global's implied volatility is one of the determining factors in the pricing options written on Echo Global Logistic. Implied volatility approximates the future value of Echo Global based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Echo Global Logistic over a specific time period. For example, 2021-12-17 CALL at $45.0 is a CALL option contract on Echo Global's common stock with a strick price of 45.0 expiring on 2021-12-17. The contract was last traded on 2021-11-10 at 06:55:45 for $4.5 and, as of today, has 17 days remaining before the expiration. The option is currently trading at a bid price of $2.8, and an ask price of $4.0. The implied volatility as of the 30th of November is 12.1579. View All Echo Global options

Closest to current price Echo Global long CALL Option Payoff at Expiration

Continue to Echo Global Backtesting, Echo Global Valuation, Echo Global Correlation, Echo Global Hype Analysis, Echo Global Volatility, Echo Global History as well as Echo Global Performance. Please specify Echo Global time horizon, a valid symbol (red box) and a target price (blue box) you would like Echo Global odds to be computed.
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Echo Global Target Price Odds to finish over 48.24

The tendency of Echo Global 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 foresting. 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 PriceHorizonTarget PriceOdds to move above the current price in 90 days
 48.24 90 days 48.24  about 29.96
Based on a normal probability distribution, the odds of Echo Global to move above the current price in 90 days from now is about 29.96 (This Echo Global Logistic probability density function shows the probability of Echo Global Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.03 suggesting Echo Global Logistic market returns are very sensitive to returns on the market. As the market goes up or down, Echo Global is expected to follow. Additionally The company has an alpha of 0.765, implying that it can generate a 0.76 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Echo Global Price Density 
      Price 

Predictive Modules for Echo Global

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Echo Global Logistic. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Echo Global'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. Please use the tools below to analyze the current value of Echo Global in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
41.5248.3055.08
Details
Intrinsic
Valuation
LowReal ValueHigh
40.1846.9653.74
Details
Naive
Forecast
LowNext ValueHigh
40.5947.3654.14
Details
8 Analysts
Consensus
LowTarget PriceHigh
32.0045.5048.25
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Echo Global. Your research has to be compared to or analyzed against Echo Global's peers to derive any actionable benefits. When done correctly, Echo Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Echo Global Logistic.

Echo Global Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Echo Global is not an exception. The market had few large corrections towards the Echo Global'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 Echo Global Logistic, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Echo Global within the framework of very fundamental risk indicators.
α
Alpha over DOW
0.76
β
Beta against DOW1.03
σ
Overall volatility
6.26
Ir
Information ratio 0.12

Echo Global 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 Echo Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Echo Global Logistic can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Echo Global Logistic is way too risky over 90 days horizon
Echo Global Logistic appears to be risky and price may revert if volatility continues
Echo Global Logistic has a strong financial position based on the latest SEC filings
Over 94.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Disposition of 3184 shares by Hong Douglas of Echo Global subject to Rule 16b-3

Echo Global 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 Echo Global Stock often depends not only on the future outlook of the current and potential Echo Global'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. Echo Global's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out3.07%
Short Percent Of Float3.89%
Float Shares26.01M
Shares Short Prior Month788.6k
Average Daily Volume Last 10 Day339.8k
Average Daily Volume In Three Month663.5k
Date Short Interest13th of August 2021

Echo Global Technical Analysis

Echo Global's future price can be derived by breaking down and analyzing its technical indicators over time. Echo Global Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Echo Global Logistic. In general, you should focus on analyzing Echo Global Stock price patterns and their correlations with different microeconomic environments and drivers.

Echo Global Predictive Forecast Models

Echo Global time-series forecasting models is one of many Echo Global's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These non-stationary Echo Global'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 Echo Global Logistic

Checking the ongoing alerts about Echo Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Echo Global Logistic help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Echo Global Alerts

Echo Global Alerts and Suggestions

Echo Global Logistic is way too risky over 90 days horizon
Echo Global Logistic appears to be risky and price may revert if volatility continues
Echo Global Logistic has a strong financial position based on the latest SEC filings
Over 94.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Disposition of 3184 shares by Hong Douglas of Echo Global subject to Rule 16b-3
Continue to Echo Global Backtesting, Echo Global Valuation, Echo Global Correlation, Echo Global Hype Analysis, Echo Global Volatility, Echo Global History as well as Echo Global Performance. Note that the Echo Global Logistic information on this page should be used as a complementary analysis to other Echo Global'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 ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

Complementary Tools for Echo Global Stock analysis

When running Echo Global Logistic price analysis, check to measure Echo Global'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 Echo Global is operating at the current time. Most of Echo Global's value examination focuses on studying past and present price action to predict the probability of Echo Global's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Echo Global's price. Additionally, you may evaluate how the addition of Echo Global to your portfolios can decrease your overall portfolio volatility.
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Is Echo Global'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 Echo Global. If investors know Echo Global 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 Echo Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Echo Global Logistic is measured differently than its book value, which is the value of Echo Global that is recorded on the company's balance sheet. Investors also form their own opinion of Echo Global's value that differs from its market value or its book value, called intrinsic value, which is Echo Global'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 Echo Global's market value can be influenced by many factors that don't directly affect Echo Global'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 Echo Global's value and its price as these two are different measures arrived at by different means. Investors typically determine Echo Global value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Echo Global'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.