Evi Industries Stock Probability of Future Stock Price Finishing Under 23.73
| EVI Stock | USD 20.25 0.13 0.64% |
EVI |
EVI Industries Target Price Odds to finish below 23.73
The tendency of EVI 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 under $ 23.73 after 90 days |
| 20.25 | 90 days | 23.73 | about 88.17 |
Based on a normal probability distribution, the odds of EVI Industries to stay under $ 23.73 after 90 days from now is about 88.17 (This EVI Industries probability density function shows the probability of EVI Stock to fall within a particular range of prices over 90 days) . Probability of EVI Industries price to stay between its current price of $ 20.25 and $ 23.73 at the end of the 90-day period is about 82.23 .
Considering the 90-day investment horizon EVI Industries has a beta of 0.13 suggesting as returns on the market go up, EVI Industries average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding EVI Industries will be expected to be much smaller as well. Additionally EVI Industries has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. EVI Industries Price Density |
| Price |
Predictive Modules for EVI Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EVI Industries. 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 EVI Industries' 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.
EVI Industries Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EVI Industries is not an exception. The market had few large corrections towards the EVI Industries' 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 EVI Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EVI Industries within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.09 | |
β | Beta against NYSE Composite | 0.13 | |
σ | Overall volatility | 1.27 | |
Ir | Information ratio | -0.05 |
EVI Industries 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 EVI Industries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EVI Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| EVI Industries generated a negative expected return over the last 90 days | |
| EVI Industries is unlikely to experience financial distress in the next 2 years | |
| About 60.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Acquisition by Glen Kruger of 2205 shares of EVI Industries subject to Rule 16b-3 |
EVI Industries 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 EVI Stock often depends not only on the future outlook of the current and potential EVI Industries' 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. EVI Industries' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12.8 M | |
| Cash And Short Term Investments | 5.9 M |
EVI Industries Technical Analysis
EVI Industries' future price can be derived by breaking down and analyzing its technical indicators over time. EVI Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EVI Industries. In general, you should focus on analyzing EVI Stock price patterns and their correlations with different microeconomic environments and drivers.
EVI Industries Predictive Forecast Models
EVI Industries' time-series forecasting models is one of many EVI Industries' 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 EVI Industries' 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 EVI Industries
Checking the ongoing alerts about EVI Industries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EVI Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EVI Industries generated a negative expected return over the last 90 days | |
| EVI Industries is unlikely to experience financial distress in the next 2 years | |
| About 60.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Acquisition by Glen Kruger of 2205 shares of EVI Industries subject to Rule 16b-3 |
Check out EVI Industries Backtesting, EVI Industries Valuation, EVI Industries Correlation, EVI Industries Hype Analysis, EVI Industries Volatility, EVI Industries History as well as EVI Industries Performance. For more detail on how to invest in EVI Stock please use our How to Invest in EVI Industries guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for EVI Stock analysis
When running EVI Industries' price analysis, check to measure EVI Industries' 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 EVI Industries is operating at the current time. Most of EVI Industries' value examination focuses on studying past and present price action to predict the probability of EVI Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EVI Industries' price. Additionally, you may evaluate how the addition of EVI Industries to your portfolios can decrease your overall portfolio volatility.
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |
Is EVI Industries' 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 EVI Industries. If investors know EVI 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 EVI Industries 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 (0.68) | Earnings Share 0.37 | Revenue Per Share 28.317 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0303 |
The market value of EVI Industries is measured differently than its book value, which is the value of EVI that is recorded on the company's balance sheet. Investors also form their own opinion of EVI Industries' value that differs from its market value or its book value, called intrinsic value, which is EVI Industries' 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 EVI Industries' market value can be influenced by many factors that don't directly affect EVI Industries' 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 EVI Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if EVI Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EVI Industries' 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.