Elektro Redes (Brazil) Probability of Future Preferred Stock Price Finishing Under 42.24
| EKTR4 Preferred Stock | BRL 45.00 2.99 6.23% |
Elektro |
Elektro Redes Target Price Odds to finish below 42.24
The tendency of Elektro Preferred 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$ 42.24 or more in 90 days |
| 45.00 | 90 days | 42.24 | about 15.36 |
Based on a normal probability distribution, the odds of Elektro Redes to drop to R$ 42.24 or more in 90 days from now is about 15.36 (This Elektro Redes SA probability density function shows the probability of Elektro Preferred Stock to fall within a particular range of prices over 90 days) . Probability of Elektro Redes SA price to stay between R$ 42.24 and its current price of R$45.0 at the end of the 90-day period is about 62.65 .
Assuming the 90 days trading horizon Elektro Redes has a beta of 0.12 suggesting as returns on the market go up, Elektro Redes average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Elektro Redes SA will be expected to be much smaller as well. Additionally Elektro Redes SA has an alpha of 0.172, implying that it can generate a 0.17 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Elektro Redes Price Density |
| Price |
Predictive Modules for Elektro Redes
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elektro Redes SA. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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.Elektro Redes Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elektro Redes is not an exception. The market had few large corrections towards the Elektro Redes' 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 Elektro Redes SA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elektro Redes within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.17 | |
β | Beta against Dow Jones | 0.12 | |
σ | Overall volatility | 1.54 | |
Ir | Information ratio | 0.02 |
Elektro Redes 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 Elektro Redes for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elektro Redes 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.| Elektro Redes SA had very high historical volatility over the last 90 days | |
| Elektro Redes SA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Elektro Redes SA has accumulated about 602 M in cash with (8 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.43. | |
| Roughly 99.0% of the company shares are held by company insiders |
Elektro Redes 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 Elektro Preferred Stock often depends not only on the future outlook of the current and potential Elektro Redes' 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. Elektro Redes' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 193.8 M | |
| Cash And Short Term Investments | 952 M |
Elektro Redes Technical Analysis
Elektro Redes' future price can be derived by breaking down and analyzing its technical indicators over time. Elektro Preferred Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elektro Redes SA. In general, you should focus on analyzing Elektro Preferred Stock price patterns and their correlations with different microeconomic environments and drivers.
Elektro Redes Predictive Forecast Models
Elektro Redes' time-series forecasting models is one of many Elektro Redes' preferred 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 Elektro Redes' 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 preferred stock market movement and maximize returns from investment trading.
Things to note about Elektro Redes SA
Checking the ongoing alerts about Elektro Redes for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elektro Redes SA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elektro Redes SA had very high historical volatility over the last 90 days | |
| Elektro Redes SA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Elektro Redes SA has accumulated about 602 M in cash with (8 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.43. | |
| Roughly 99.0% of the company shares are held by company insiders |
Additional Tools for Elektro Preferred Stock Analysis
When running Elektro Redes' price analysis, check to measure Elektro Redes' 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 Elektro Redes is operating at the current time. Most of Elektro Redes' value examination focuses on studying past and present price action to predict the probability of Elektro Redes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elektro Redes' price. Additionally, you may evaluate how the addition of Elektro Redes to your portfolios can decrease your overall portfolio volatility.