Edp Renovaveis Stock Probability of Future Pink Sheet Price Finishing Under 8.83
| EDRVF Stock | USD 11.39 0.05 0.44% |
EDP |
EDP Renovaveis Target Price Odds to finish below 8.83
The tendency of EDP Pink Sheet 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 $ 8.83 or more in 90 days |
| 11.39 | 90 days | 8.83 | near 1 |
Based on a normal probability distribution, the odds of EDP Renovaveis to drop to $ 8.83 or more in 90 days from now is near 1 (This EDP Renovaveis probability density function shows the probability of EDP Pink Sheet to fall within a particular range of prices over 90 days) . Probability of EDP Renovaveis price to stay between $ 8.83 and its current price of $11.39 at the end of the 90-day period is roughly 2.62 .
Assuming the 90 days horizon EDP Renovaveis has a beta of 0.36 suggesting as returns on the market go up, EDP Renovaveis average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding EDP Renovaveis will be expected to be much smaller as well. 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 Dow Jones Industrial. 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 pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Dow Jones | -0.5 | |
β | Beta against Dow Jones | 0.36 | |
σ | Overall volatility | 1.88 | |
Ir | Information ratio | -0.25 |
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 | |
| EDP Renovaveis has accumulated 3.48 B in total debt with debt to equity ratio (D/E) of 0.71, which is about average as compared to similar companies. EDP Renovaveis has a current ratio of 0.84, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist EDP Renovaveis until it has trouble settling it off, either with new capital or with free cash flow. So, EDP Renovaveis' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like EDP Renovaveis sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for EDP to invest in growth at high rates of return. When we think about EDP Renovaveis' use of debt, we should always consider it together with cash and equity. | |
| About 75.0% of EDP Renovaveis 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 Pink Sheet 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 Pink Sheet 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 Pink Sheet 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' pink sheet 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 pink sheet 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 | |
| EDP Renovaveis has accumulated 3.48 B in total debt with debt to equity ratio (D/E) of 0.71, which is about average as compared to similar companies. EDP Renovaveis has a current ratio of 0.84, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist EDP Renovaveis until it has trouble settling it off, either with new capital or with free cash flow. So, EDP Renovaveis' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like EDP Renovaveis sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for EDP to invest in growth at high rates of return. When we think about EDP Renovaveis' use of debt, we should always consider it together with cash and equity. | |
| About 75.0% of EDP Renovaveis shares are held by company insiders |
Other Information on Investing in EDP Pink Sheet
EDP Renovaveis financial ratios help investors to determine whether EDP Pink Sheet 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 Renovaveis security.