Pettenati (Brazil) Probability of Future Stock Price Finishing Under 0.75
| PTNT3 Stock | BRL 8.29 0.14 1.72% |
Pettenati |
Pettenati Target Price Odds to finish below 0.75
The tendency of Pettenati 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 drop to R$ 0.75 or more in 90 days |
| 8.29 | 90 days | 0.75 | near 1 |
Based on a normal probability distribution, the odds of Pettenati to drop to R$ 0.75 or more in 90 days from now is near 1 (This Pettenati SA Industria probability density function shows the probability of Pettenati Stock to fall within a particular range of prices over 90 days) . Probability of Pettenati SA Industria price to stay between R$ 0.75 and its current price of R$8.29 at the end of the 90-day period is about 11.03 .
Assuming the 90 days trading horizon Pettenati SA Industria has a beta of -0.35 indicating as returns on the benchmark increase, returns on holding Pettenati are expected to decrease at a much lower rate. During a bear market, however, Pettenati SA Industria is likely to outperform the market. Additionally Pettenati SA Industria 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. Pettenati Price Density |
| Price |
Predictive Modules for Pettenati
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pettenati SA Industria. 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.Pettenati Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Pettenati is not an exception. The market had few large corrections towards the Pettenati'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 Pettenati SA Industria, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Pettenati within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | -0.35 | |
σ | Overall volatility | 0.76 | |
Ir | Information ratio | -0.04 |
Pettenati 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 Pettenati for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Pettenati SA Industria can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Pettenati generated a negative expected return over the last 90 days | |
| About 98.0% of the company outstanding shares are owned by corporate insiders |
Pettenati 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 Pettenati Stock often depends not only on the future outlook of the current and potential Pettenati'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. Pettenati's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 48 M | |
| Cash And Short Term Investments | 61.5 M |
Pettenati Technical Analysis
Pettenati's future price can be derived by breaking down and analyzing its technical indicators over time. Pettenati Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Pettenati SA Industria. In general, you should focus on analyzing Pettenati Stock price patterns and their correlations with different microeconomic environments and drivers.
Pettenati Predictive Forecast Models
Pettenati's time-series forecasting models is one of many Pettenati'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 Pettenati'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 Pettenati SA Industria
Checking the ongoing alerts about Pettenati for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Pettenati SA Industria help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Pettenati generated a negative expected return over the last 90 days | |
| About 98.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Pettenati Stock Analysis
When running Pettenati's price analysis, check to measure Pettenati'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 Pettenati is operating at the current time. Most of Pettenati's value examination focuses on studying past and present price action to predict the probability of Pettenati's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pettenati's price. Additionally, you may evaluate how the addition of Pettenati to your portfolios can decrease your overall portfolio volatility.