Driven Brands Holdings Etf Probability of Future Etf Price Finishing Over 14.26
| DRVN Etf | USD 16.85 0.01 0.06% |
Closest to current price Driven long CALL Option Payoff at Expiration
Driven |
Driven Brands Target Price Odds to finish over 14.26
The tendency of Driven Etf 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 $ 14.26 in 90 days |
| 16.85 | 90 days | 14.26 | about 73.4 |
Based on a normal probability distribution, the odds of Driven Brands to stay above $ 14.26 in 90 days from now is about 73.4 (This Driven Brands Holdings probability density function shows the probability of Driven Etf to fall within a particular range of prices over 90 days) . Probability of Driven Brands Holdings price to stay between $ 14.26 and its current price of $16.85 at the end of the 90-day period is about 70.29 .
Given the investment horizon of 90 days the etf has the beta coefficient of 1.37 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Driven Brands will likely underperform. Additionally Driven Brands Holdings has an alpha of 0.1283, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Driven Brands Price Density |
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Predictive Modules for Driven Brands
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Driven Brands Holdings. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf 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 Driven Brands' 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.
Driven Brands Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Driven Brands is not an exception. The market had few large corrections towards the Driven Brands' 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 Driven Brands Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Driven Brands within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | 1.37 | |
σ | Overall volatility | 1.04 | |
Ir | Information ratio | 0.09 |
Driven Brands 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 Driven Brands for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Driven Brands Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the previous year's revenue of 2.3 B. Net Loss for the year was (729.29 M) with profit before overhead, payroll, taxes, and interest of 879.52 M. | |
| Over 82.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: Driven Brands Holdings Inc Shares Up 3.57 percent on Nov 22 | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
Driven Brands 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 Driven Etf often depends not only on the future outlook of the current and potential Driven Brands' 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. Driven Brands' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 161.9 M | |
| Cash And Short Term Investments | 176.5 M |
Driven Brands Technical Analysis
Driven Brands' future price can be derived by breaking down and analyzing its technical indicators over time. Driven Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Driven Brands Holdings. In general, you should focus on analyzing Driven Etf price patterns and their correlations with different microeconomic environments and drivers.
Driven Brands Predictive Forecast Models
Driven Brands' time-series forecasting models is one of many Driven Brands' etf 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 Driven Brands' 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 etf market movement and maximize returns from investment trading.
Things to note about Driven Brands Holdings
Checking the ongoing alerts about Driven Brands for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Driven Brands Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the previous year's revenue of 2.3 B. Net Loss for the year was (729.29 M) with profit before overhead, payroll, taxes, and interest of 879.52 M. | |
| Over 82.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: Driven Brands Holdings Inc Shares Up 3.57 percent on Nov 22 | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
Other Information on Investing in Driven Etf
Driven Brands financial ratios help investors to determine whether Driven Etf 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 Driven with respect to the benefits of owning Driven Brands security.