SHOPRITE HDGS (Germany) Probability of Future Stock Price Finishing Over 15.86
| HY7A Stock | EUR 15.10 0.00 0.00% |
SHOPRITE |
SHOPRITE HDGS Target Price Odds to finish over 15.86
The tendency of SHOPRITE 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 € 15.86 or more in 90 days |
| 15.10 | 90 days | 15.86 | about 5.87 |
Based on a normal probability distribution, the odds of SHOPRITE HDGS to move over € 15.86 or more in 90 days from now is about 5.87 (This SHOPRITE HDGS ADR probability density function shows the probability of SHOPRITE Stock to fall within a particular range of prices over 90 days) . Probability of SHOPRITE HDGS ADR price to stay between its current price of € 15.10 and € 15.86 at the end of the 90-day period is about 38.88 .
Assuming the 90 days trading horizon SHOPRITE HDGS ADR has a beta of -0.34. This usually indicates as returns on the benchmark increase, returns on holding SHOPRITE HDGS are expected to decrease at a much lower rate. During a bear market, however, SHOPRITE HDGS ADR is likely to outperform the market. Additionally SHOPRITE HDGS ADR has an alpha of 0.0679, implying that it can generate a 0.0679 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). SHOPRITE HDGS Price Density |
| Price |
Predictive Modules for SHOPRITE HDGS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SHOPRITE HDGS ADR. 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.SHOPRITE HDGS Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SHOPRITE HDGS is not an exception. The market had few large corrections towards the SHOPRITE HDGS'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 SHOPRITE HDGS ADR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SHOPRITE HDGS within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | -0.34 | |
σ | Overall volatility | 0.53 | |
Ir | Information ratio | 0.01 |
SHOPRITE HDGS 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 SHOPRITE Stock often depends not only on the future outlook of the current and potential SHOPRITE HDGS'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. SHOPRITE HDGS's indicators that are reflective of the short sentiment are summarized in the table below.
| Dividend Yield | 0.0288 | |
| Forward Annual Dividend Rate | 0.36 | |
| Shares Float | 389 M |
SHOPRITE HDGS Technical Analysis
SHOPRITE HDGS's future price can be derived by breaking down and analyzing its technical indicators over time. SHOPRITE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SHOPRITE HDGS ADR. In general, you should focus on analyzing SHOPRITE Stock price patterns and their correlations with different microeconomic environments and drivers.
SHOPRITE HDGS Predictive Forecast Models
SHOPRITE HDGS's time-series forecasting models is one of many SHOPRITE HDGS'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 SHOPRITE HDGS'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards SHOPRITE HDGS in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, SHOPRITE HDGS's short interest history, or implied volatility extrapolated from SHOPRITE HDGS options trading.
Other Information on Investing in SHOPRITE Stock
SHOPRITE HDGS financial ratios help investors to determine whether SHOPRITE 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 SHOPRITE with respect to the benefits of owning SHOPRITE HDGS security.