Enzo Biochem Stock Probability of Future Stock Price Finishing Over 2.99
| ENZ Stock | USD 1.06 0.03 2.75% |
Closest to current price Enzo long PUT Option Payoff at Expiration
Enzo |
Enzo Biochem Target Price Odds to finish over 2.99
The tendency of Enzo 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 over $ 2.99 or more in 90 days |
| 1.06 | 90 days | 2.99 | close to zero percent |
Based on a normal probability distribution, the odds of Enzo Biochem to move over $ 2.99 or more in 90 days from now is close to zero percent (This Enzo Biochem probability density function shows the probability of Enzo Stock to fall within a particular range of prices over 90 days) . Probability of Enzo Biochem price to stay between its current price of $ 1.06 and $ 2.99 at the end of the 90-day period is close to 99 .
Considering the 90-day investment horizon Enzo Biochem has a beta of -0.082 suggesting as returns on the benchmark increase, returns on holding Enzo Biochem are expected to decrease at a much lower rate. During a bear market, however, Enzo Biochem is likely to outperform the market. Additionally Enzo Biochem has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Enzo Biochem Price Density |
| Price |
Predictive Modules for Enzo Biochem
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enzo Biochem. 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 Enzo Biochem'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.
Enzo Biochem Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Enzo Biochem is not an exception. The market had few large corrections towards the Enzo Biochem'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 Enzo Biochem, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Enzo Biochem within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.34 | |
β | Beta against NYSE Composite | -0.08 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | -0.21 |
Enzo Biochem 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 Enzo Biochem for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Enzo Biochem can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Enzo Biochem generated a negative expected return over the last 90 days | |
| Enzo Biochem has some characteristics of a very speculative penny stock | |
| Enzo Biochem has about 82.37 M in cash with (36.98 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.44. | |
| Roughly 24.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Acquisition by Wolf James G. of 444 shares of Enzo Biochem at 1.29 subject to Rule 16b-3 |
Enzo Biochem 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 Enzo Stock often depends not only on the future outlook of the current and potential Enzo Biochem'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. Enzo Biochem's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 49.2 M | |
| Cash And Short Term Investments | 82.4 M |
Enzo Biochem Technical Analysis
Enzo Biochem's future price can be derived by breaking down and analyzing its technical indicators over time. Enzo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Enzo Biochem. In general, you should focus on analyzing Enzo Stock price patterns and their correlations with different microeconomic environments and drivers.
Enzo Biochem Predictive Forecast Models
Enzo Biochem's time-series forecasting models is one of many Enzo Biochem'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 Enzo Biochem'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 Enzo Biochem
Checking the ongoing alerts about Enzo Biochem for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Enzo Biochem help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Enzo Biochem generated a negative expected return over the last 90 days | |
| Enzo Biochem has some characteristics of a very speculative penny stock | |
| Enzo Biochem has about 82.37 M in cash with (36.98 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.44. | |
| Roughly 24.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Acquisition by Wolf James G. of 444 shares of Enzo Biochem at 1.29 subject to Rule 16b-3 |
Check out Enzo Biochem Backtesting, Enzo Biochem Valuation, Enzo Biochem Correlation, Enzo Biochem Hype Analysis, Enzo Biochem Volatility, Enzo Biochem History as well as Enzo Biochem Performance. For more information on how to buy Enzo Stock please use our How to Invest in Enzo Biochem guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Enzo Stock analysis
When running Enzo Biochem's price analysis, check to measure Enzo Biochem'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 Enzo Biochem is operating at the current time. Most of Enzo Biochem's value examination focuses on studying past and present price action to predict the probability of Enzo Biochem's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enzo Biochem's price. Additionally, you may evaluate how the addition of Enzo Biochem to your portfolios can decrease your overall portfolio volatility.
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |
Is Enzo Biochem'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 Enzo Biochem. If investors know Enzo 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 Enzo Biochem listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.47) | Revenue Per Share 0.657 | Quarterly Revenue Growth 0.138 | Return On Assets (0.17) | Return On Equity (0.45) |
The market value of Enzo Biochem is measured differently than its book value, which is the value of Enzo that is recorded on the company's balance sheet. Investors also form their own opinion of Enzo Biochem's value that differs from its market value or its book value, called intrinsic value, which is Enzo Biochem'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 Enzo Biochem's market value can be influenced by many factors that don't directly affect Enzo Biochem'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 Enzo Biochem's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enzo Biochem is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enzo Biochem'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.