Eldorado Gold Corp Stock Probability of Future Stock Price Finishing Over 14.31
| EGO Stock | USD 17.29 0.23 1.35% |
Closest to current price Eldorado long CALL Option Payoff at Expiration
Eldorado |
Eldorado Gold Target Price Odds to finish over 14.31
The tendency of Eldorado 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 $ 14.31 in 90 days |
| 17.29 | 90 days | 14.31 | about 99.0 |
Based on a normal probability distribution, the odds of Eldorado Gold to stay above $ 14.31 in 90 days from now is about 99.0 (This Eldorado Gold Corp probability density function shows the probability of Eldorado Stock to fall within a particular range of prices over 90 days) . Probability of Eldorado Gold Corp price to stay between $ 14.31 and its current price of $17.29 at the end of the 90-day period is about 79.37 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.27 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Eldorado Gold will likely underperform. Additionally Eldorado Gold Corp has an alpha of 0.126, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Eldorado Gold Price Density |
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Predictive Modules for Eldorado Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eldorado Gold 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 Eldorado Gold'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.
Eldorado Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eldorado Gold is not an exception. The market had few large corrections towards the Eldorado Gold'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 Eldorado Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eldorado Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | 1.27 | |
σ | Overall volatility | 0.96 | |
Ir | Information ratio | 0.07 |
Eldorado Gold 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 Eldorado Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eldorado Gold 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.| Eldorado Gold Corp is unlikely to experience financial distress in the next 2 years | |
| Over 80.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from benzinga.com: LyondellBasell Dacia Develop Recycled Solution for Duster Model |
Eldorado Gold 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 Eldorado Stock often depends not only on the future outlook of the current and potential Eldorado Gold'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. Eldorado Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 195.3 M | |
| Cash And Short Term Investments | 541.7 M |
Eldorado Gold Technical Analysis
Eldorado Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Eldorado Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eldorado Gold Corp. In general, you should focus on analyzing Eldorado Stock price patterns and their correlations with different microeconomic environments and drivers.
Eldorado Gold Predictive Forecast Models
Eldorado Gold's time-series forecasting models is one of many Eldorado Gold'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 Eldorado Gold'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 Eldorado Gold Corp
Checking the ongoing alerts about Eldorado Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eldorado Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eldorado Gold Corp is unlikely to experience financial distress in the next 2 years | |
| Over 80.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from benzinga.com: LyondellBasell Dacia Develop Recycled Solution for Duster Model |
Additional Information and Resources on Investing in Eldorado Stock
When determining whether Eldorado Gold Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eldorado Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eldorado Gold Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eldorado Gold Corp Stock:Check out Eldorado Gold Backtesting, Eldorado Gold Valuation, Eldorado Gold Correlation, Eldorado Gold Hype Analysis, Eldorado Gold Volatility, Eldorado Gold History as well as Eldorado Gold Performance. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Metals & Mining space 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 Eldorado Gold. If investors know Eldorado 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 Eldorado Gold 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 55.667 | Earnings Share 0.88 | Revenue Per Share 5.453 | Quarterly Revenue Growth 0.298 | Return On Assets 0.0327 |
The market value of Eldorado Gold Corp is measured differently than its book value, which is the value of Eldorado that is recorded on the company's balance sheet. Investors also form their own opinion of Eldorado Gold's value that differs from its market value or its book value, called intrinsic value, which is Eldorado Gold'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 Eldorado Gold's market value can be influenced by many factors that don't directly affect Eldorado Gold'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 Eldorado Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eldorado Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eldorado Gold'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.