Emcore Stock Chance of Future Stock Price Finishing Over 2.85
| EMKR Stock | USD 2.85 0.21 7.95% |
Closest to current price EMCORE long CALL Option Payoff at Expiration
EMCORE |
EMCORE Target Price Odds to finish over 2.85
The tendency of EMCORE 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 above the current price in 90 days |
| 2.85 | 90 days | 2.85 | about 87.86 |
Based on a normal probability distribution, the odds of EMCORE to move above the current price in 90 days from now is about 87.86 (This EMCORE probability density function shows the probability of EMCORE 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 2.54 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, EMCORE will likely underperform. Additionally EMCORE has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. EMCORE Price Density |
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Predictive Modules for EMCORE
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EMCORE. 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 EMCORE'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.
EMCORE Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EMCORE is not an exception. The market had few large corrections towards the EMCORE'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 EMCORE, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EMCORE within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.93 | |
β | Beta against NYSE Composite | 2.54 | |
σ | Overall volatility | 1.19 | |
Ir | Information ratio | -0.12 |
EMCORE 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 EMCORE for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EMCORE can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| EMCORE generated a negative expected return over the last 90 days | |
| EMCORE has high historical volatility and very poor performance | |
| EMCORE has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 97.72 M. Net Loss for the year was (49.41 M) with profit before overhead, payroll, taxes, and interest of 29.72 M. | |
| EMCORE currently holds about 74.61 M in cash with (33.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.99. | |
| Roughly 16.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Disposition of 32375 shares by Jeffrey Rittichier of EMCORE at 0.3813 subject to Rule 16b-3 |
EMCORE 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 EMCORE Stock often depends not only on the future outlook of the current and potential EMCORE'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. EMCORE's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5.2 M | |
| Cash And Short Term Investments | 26.2 M |
EMCORE Technical Analysis
EMCORE's future price can be derived by breaking down and analyzing its technical indicators over time. EMCORE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EMCORE. In general, you should focus on analyzing EMCORE Stock price patterns and their correlations with different microeconomic environments and drivers.
EMCORE Predictive Forecast Models
EMCORE's time-series forecasting models is one of many EMCORE'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 EMCORE'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 EMCORE
Checking the ongoing alerts about EMCORE for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EMCORE help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EMCORE generated a negative expected return over the last 90 days | |
| EMCORE has high historical volatility and very poor performance | |
| EMCORE has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 97.72 M. Net Loss for the year was (49.41 M) with profit before overhead, payroll, taxes, and interest of 29.72 M. | |
| EMCORE currently holds about 74.61 M in cash with (33.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.99. | |
| Roughly 16.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Disposition of 32375 shares by Jeffrey Rittichier of EMCORE at 0.3813 subject to Rule 16b-3 |
Check out EMCORE Backtesting, EMCORE Valuation, EMCORE Correlation, EMCORE Hype Analysis, EMCORE Volatility, EMCORE History as well as EMCORE Performance. To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for EMCORE Stock analysis
When running EMCORE's price analysis, check to measure EMCORE'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 EMCORE is operating at the current time. Most of EMCORE's value examination focuses on studying past and present price action to predict the probability of EMCORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCORE's price. Additionally, you may evaluate how the addition of EMCORE to your portfolios can decrease your overall portfolio volatility.
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| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
Is EMCORE'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 EMCORE. If investors know EMCORE 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 EMCORE 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 (0.25) | Earnings Share (7.90) | Revenue Per Share 15.825 | Quarterly Revenue Growth 0.207 | Return On Assets (0.07) |
The market value of EMCORE is measured differently than its book value, which is the value of EMCORE that is recorded on the company's balance sheet. Investors also form their own opinion of EMCORE's value that differs from its market value or its book value, called intrinsic value, which is EMCORE'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 EMCORE's market value can be influenced by many factors that don't directly affect EMCORE'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 EMCORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMCORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMCORE'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.