The Ensign Group Stock Chance of Future Stock Price Finishing Over 118.65
| ENSG Stock | USD 116.89 0.34 0.29% |
Closest to current price Ensign long CALL Option Payoff at Expiration
Ensign |
Ensign Target Price Odds to finish over 118.65
The tendency of Ensign 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 $ 118.65 or more in 90 days |
| 116.89 | 90 days | 118.65 | about 75.54 |
Based on a normal probability distribution, the odds of Ensign to move over $ 118.65 or more in 90 days from now is about 75.54 (This The Ensign Group probability density function shows the probability of Ensign Stock to fall within a particular range of prices over 90 days) . Probability of Ensign Group price to stay between its current price of $ 116.89 and $ 118.65 at the end of the 90-day period is about 14.13 .
Given the investment horizon of 90 days Ensign has a beta of 0.79 suggesting as returns on the market go up, Ensign average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding The Ensign Group will be expected to be much smaller as well. Additionally The Ensign Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Ensign Price Density |
| Price |
Predictive Modules for Ensign
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ensign Group. 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 Ensign'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.
Ensign Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ensign is not an exception. The market had few large corrections towards the Ensign'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 The Ensign Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ensign within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.03 | |
β | Beta against NYSE Composite | 0.79 | |
σ | Overall volatility | 3.08 | |
Ir | Information ratio | -0.03 |
Ensign 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 Ensign for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ensign Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ensign Group generated a negative expected return over the last 90 days | |
| Ensign Group has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| On 30th of April 2024 Ensign paid $ 0.06 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Ensign Group acquires nursing facilities to expand US presence |
Ensign 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 Ensign Stock often depends not only on the future outlook of the current and potential Ensign'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. Ensign's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 57.3 M | |
| Cash And Short Term Investments | 526.9 M |
Ensign Technical Analysis
Ensign's future price can be derived by breaking down and analyzing its technical indicators over time. Ensign Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of The Ensign Group. In general, you should focus on analyzing Ensign Stock price patterns and their correlations with different microeconomic environments and drivers.
Ensign Predictive Forecast Models
Ensign's time-series forecasting models is one of many Ensign'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 Ensign'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 Ensign Group
Checking the ongoing alerts about Ensign for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ensign Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ensign Group generated a negative expected return over the last 90 days | |
| Ensign Group has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| On 30th of April 2024 Ensign paid $ 0.06 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Ensign Group acquires nursing facilities to expand US presence |
Check out Ensign Backtesting, Ensign Valuation, Ensign Correlation, Ensign Hype Analysis, Ensign Volatility, Ensign History as well as Ensign Performance. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Ensign Stock analysis
When running Ensign's price analysis, check to measure Ensign'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 Ensign is operating at the current time. Most of Ensign's value examination focuses on studying past and present price action to predict the probability of Ensign's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ensign's price. Additionally, you may evaluate how the addition of Ensign to your portfolios can decrease your overall portfolio volatility.
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Is Ensign'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 Ensign. If investors know Ensign 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 Ensign 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 0.133 | Dividend Share 0.233 | Earnings Share 3.79 | Revenue Per Share 68.838 | Quarterly Revenue Growth 0.139 |
The market value of Ensign Group is measured differently than its book value, which is the value of Ensign that is recorded on the company's balance sheet. Investors also form their own opinion of Ensign's value that differs from its market value or its book value, called intrinsic value, which is Ensign'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 Ensign's market value can be influenced by many factors that don't directly affect Ensign'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 Ensign's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ensign is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ensign'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.