EDP Renovveis (Germany) Probability of Future Stock Price Finishing Over 9.25
| EDW Stock | EUR 9.54 0.16 1.65% |
EDP |
EDP Renovveis Target Price Odds to finish over 9.25
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 stay above € 9.25 in 90 days |
| 9.54 | 90 days | 9.25 | under 95 |
Based on a normal probability distribution, the odds of EDP Renovveis to stay above € 9.25 in 90 days from now is under 95 (This EDP Renovveis SA probability density function shows the probability of EDP Stock to fall within a particular range of prices over 90 days) . Probability of EDP Renovveis SA price to stay between € 9.25 and its current price of €9.54 at the end of the 90-day period is about 1.79 .
Assuming the 90 days horizon EDP Renovveis SA has a beta of -0.41 suggesting as returns on the benchmark increase, returns on holding EDP Renovveis are expected to decrease at a much lower rate. During a bear market, however, EDP Renovveis SA is likely to outperform the market. Additionally EDP Renovveis SA has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. EDP Renovveis Price Density |
| Price |
Predictive Modules for EDP Renovveis
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 Renovveis SA. 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.EDP Renovveis Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EDP Renovveis is not an exception. The market had few large corrections towards the EDP Renovveis' 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 Renovveis SA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EDP Renovveis within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.67 | |
β | Beta against Dow Jones | -0.41 | |
σ | Overall volatility | 1.98 | |
Ir | Information ratio | -0.29 |
EDP Renovveis 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 Renovveis for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EDP Renovveis SA 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 Renovveis SA generated a negative expected return over the last 90 days | |
| About 75.0% of the company shares are held by company insiders |
EDP Renovveis 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 Renovveis' 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 Renovveis' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 960.6 M |
EDP Renovveis Technical Analysis
EDP Renovveis' 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 Renovveis SA. In general, you should focus on analyzing EDP Stock price patterns and their correlations with different microeconomic environments and drivers.
EDP Renovveis Predictive Forecast Models
EDP Renovveis' time-series forecasting models is one of many EDP Renovveis' 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 Renovveis' 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 Renovveis SA
Checking the ongoing alerts about EDP Renovveis for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EDP Renovveis SA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EDP Renovveis SA generated a negative expected return over the last 90 days | |
| About 75.0% of the company shares are held by company insiders |
Other Information on Investing in EDP Stock
EDP Renovveis financial ratios help investors to determine whether EDP Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in EDP with respect to the benefits of owning EDP Renovveis security.