Even Construtora (Brazil) Probability of Future Stock Price Finishing Under 6.18
| EVEN3 Stock | BRL 5.71 0.12 2.06% |
Even |
Even Construtora Target Price Odds to finish below 6.18
The tendency of Even 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 stay under R$ 6.18 after 90 days |
| 5.71 | 90 days | 6.18 | about 56.59 |
Based on a normal probability distribution, the odds of Even Construtora to stay under R$ 6.18 after 90 days from now is about 56.59 (This Even Construtora e probability density function shows the probability of Even Stock to fall within a particular range of prices over 90 days) . Probability of Even Construtora e price to stay between its current price of R$ 5.71 and R$ 6.18 at the end of the 90-day period is about 49.46 .
Assuming the 90 days trading horizon Even Construtora has a beta of 0.0748 suggesting as returns on the market go up, Even Construtora average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Even Construtora e will be expected to be much smaller as well. Additionally Even Construtora e 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. Even Construtora Price Density |
| Price |
Predictive Modules for Even Construtora
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Even Construtora e. 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.Even Construtora Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Even Construtora is not an exception. The market had few large corrections towards the Even Construtora'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 Even Construtora e, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Even Construtora within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 0.07 | |
σ | Overall volatility | 0.29 | |
Ir | Information ratio | -0.09 |
Even Construtora 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 Even Construtora for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Even Construtora e can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Even Construtora e generated a negative expected return over the last 90 days | |
| Even Construtora e has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Even Construtora e has accumulated about 4.41 M in cash with (41.37 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.39. | |
| Over 78.0% of the company shares are held by institutions such as insurance companies |
Even Construtora 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 Even Stock often depends not only on the future outlook of the current and potential Even Construtora'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. Even Construtora's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 204.1 M | |
| Cash And Short Term Investments | 939.1 M |
Even Construtora Technical Analysis
Even Construtora's future price can be derived by breaking down and analyzing its technical indicators over time. Even Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Even Construtora e. In general, you should focus on analyzing Even Stock price patterns and their correlations with different microeconomic environments and drivers.
Even Construtora Predictive Forecast Models
Even Construtora's time-series forecasting models is one of many Even Construtora'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 Even Construtora'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 Even Construtora e
Checking the ongoing alerts about Even Construtora for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Even Construtora e help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Even Construtora e generated a negative expected return over the last 90 days | |
| Even Construtora e has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Even Construtora e has accumulated about 4.41 M in cash with (41.37 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.39. | |
| Over 78.0% of the company shares are held by institutions such as insurance companies |
Additional Tools for Even Stock Analysis
When running Even Construtora's price analysis, check to measure Even Construtora'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 Even Construtora is operating at the current time. Most of Even Construtora's value examination focuses on studying past and present price action to predict the probability of Even Construtora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Even Construtora's price. Additionally, you may evaluate how the addition of Even Construtora to your portfolios can decrease your overall portfolio volatility.