Lojas Renner (Brazil) Probability of Future Stock Price Finishing Over 15.68
| LREN3 Stock | BRL 16.15 0.47 3.00% |
Lojas |
Lojas Renner Target Price Odds to finish over 15.68
The tendency of Lojas 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 above R$ 15.68 in 90 days |
| 16.15 | 90 days | 15.68 | close to 99 |
Based on a normal probability distribution, the odds of Lojas Renner to stay above R$ 15.68 in 90 days from now is close to 99 (This Lojas Renner SA probability density function shows the probability of Lojas Stock to fall within a particular range of prices over 90 days) . Probability of Lojas Renner SA price to stay between R$ 15.68 and its current price of R$16.15 at the end of the 90-day period is about 1.34 .
Assuming the 90 days trading horizon Lojas Renner has a beta of 0.34. This indicates as returns on the market go up, Lojas Renner average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Lojas Renner SA will be expected to be much smaller as well. Additionally Lojas Renner SA 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. Lojas Renner Price Density |
| Price |
Predictive Modules for Lojas Renner
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Lojas Renner SA. 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.Lojas Renner Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Lojas Renner is not an exception. The market had few large corrections towards the Lojas Renner'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 Lojas Renner SA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Lojas Renner within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 0.34 | |
σ | Overall volatility | 0.81 | |
Ir | Information ratio | -0.07 |
Lojas Renner 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 Lojas Renner for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Lojas Renner 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.| Lojas Renner SA generated a negative expected return over the last 90 days | |
| About 73.0% of the company shares are owned by institutional investors |
Lojas Renner 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 Lojas Stock often depends not only on the future outlook of the current and potential Lojas Renner'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. Lojas Renner's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 881.1 M | |
| Cash And Short Term Investments | 5.9 B |
Lojas Renner Technical Analysis
Lojas Renner's future price can be derived by breaking down and analyzing its technical indicators over time. Lojas Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Lojas Renner SA. In general, you should focus on analyzing Lojas Stock price patterns and their correlations with different microeconomic environments and drivers.
Lojas Renner Predictive Forecast Models
Lojas Renner's time-series forecasting models is one of many Lojas Renner'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 Lojas Renner'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 Lojas Renner SA
Checking the ongoing alerts about Lojas Renner for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Lojas Renner SA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Lojas Renner SA generated a negative expected return over the last 90 days | |
| About 73.0% of the company shares are owned by institutional investors |
Additional Tools for Lojas Stock Analysis
When running Lojas Renner's price analysis, check to measure Lojas Renner'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 Lojas Renner is operating at the current time. Most of Lojas Renner's value examination focuses on studying past and present price action to predict the probability of Lojas Renner's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lojas Renner's price. Additionally, you may evaluate how the addition of Lojas Renner to your portfolios can decrease your overall portfolio volatility.