EDP Renovaveis (Portugal) Probability of Future Stock Price Finishing Over 20.21
| EDPR Stock | EUR 12.75 0.08 0.62% |
EDP |
EDP Renovaveis Target Price Odds to finish over 20.21
The tendency of EDP 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 € 20.21 or more in 90 days |
| 12.75 | 90 days | 20.21 | near 1 |
Based on a normal probability distribution, the odds of EDP Renovaveis to move over € 20.21 or more in 90 days from now is near 1 (This EDP Renovaveis probability density function shows the probability of EDP Stock to fall within a particular range of prices over 90 days) . Probability of EDP Renovaveis price to stay between its current price of € 12.75 and € 20.21 at the end of the 90-day period is about 81.7 .
Assuming the 90 days trading horizon EDP Renovaveis has a beta of -0.55 suggesting as returns on the benchmark increase, returns on holding EDP Renovaveis are expected to decrease at a much lower rate. During a bear market, however, EDP Renovaveis is likely to outperform the market. Additionally EDP Renovaveis has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. EDP Renovaveis Price Density |
| Price |
Predictive Modules for EDP Renovaveis
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EDP Renovaveis. 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 EDP Renovaveis' 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.
EDP Renovaveis Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EDP Renovaveis is not an exception. The market had few large corrections towards the EDP Renovaveis' 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 EDP Renovaveis, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EDP Renovaveis within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.39 | |
β | Beta against NYSE Composite | -0.55 | |
σ | Overall volatility | 1.25 | |
Ir | Information ratio | -0.23 |
EDP Renovaveis 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 EDP Renovaveis for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EDP Renovaveis can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| EDP Renovaveis generated a negative expected return over the last 90 days | |
| About 75.0% of the company shares are held by company insiders |
EDP Renovaveis 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 EDP Stock often depends not only on the future outlook of the current and potential EDP Renovaveis' 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. EDP Renovaveis' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 960.6 M |
EDP Renovaveis Technical Analysis
EDP Renovaveis' future price can be derived by breaking down and analyzing its technical indicators over time. EDP Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EDP Renovaveis. In general, you should focus on analyzing EDP Stock price patterns and their correlations with different microeconomic environments and drivers.
EDP Renovaveis Predictive Forecast Models
EDP Renovaveis' time-series forecasting models is one of many EDP Renovaveis' 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 EDP Renovaveis' 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 EDP Renovaveis
Checking the ongoing alerts about EDP Renovaveis for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EDP Renovaveis help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EDP Renovaveis generated a negative expected return over the last 90 days | |
| About 75.0% of the company shares are held by company insiders |
Check out EDP Renovaveis Backtesting, EDP Renovaveis Valuation, EDP Renovaveis Correlation, EDP Renovaveis Hype Analysis, EDP Renovaveis Volatility, EDP Renovaveis History as well as EDP Renovaveis Performance. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for EDP Stock analysis
When running EDP Renovaveis' price analysis, check to measure EDP Renovaveis' 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 EDP Renovaveis is operating at the current time. Most of EDP Renovaveis' value examination focuses on studying past and present price action to predict the probability of EDP Renovaveis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDP Renovaveis' price. Additionally, you may evaluate how the addition of EDP Renovaveis to your portfolios can decrease your overall portfolio volatility.
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