Renault SA (France) Probability of Future Stock Price Finishing Under 40.09
| RNO Stock | EUR 40.53 0.89 2.25% |
Renault |
Renault SA Target Price Odds to finish below 40.09
The tendency of Renault 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 € 40.09 or more in 90 days |
| 40.53 | 90 days | 40.09 | about 47.96 |
Based on a normal probability distribution, the odds of Renault SA to drop to € 40.09 or more in 90 days from now is about 47.96 (This Renault SA probability density function shows the probability of Renault Stock to fall within a particular range of prices over 90 days) . Probability of Renault SA price to stay between € 40.09 and its current price of €40.53 at the end of the 90-day period is about 10.89 .
Assuming the 90 days trading horizon Renault SA has a beta of -0.37 indicating as returns on the benchmark increase, returns on holding Renault SA are expected to decrease at a much lower rate. During a bear market, however, Renault SA is likely to outperform the market. Additionally Renault 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. Renault SA Price Density |
| Price |
Predictive Modules for Renault SA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Renault 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.Renault SA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Renault SA is not an exception. The market had few large corrections towards the Renault SA'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 Renault SA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Renault SA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | -0.37 | |
σ | Overall volatility | 1.60 | |
Ir | Information ratio | -0.13 |
Renault SA 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 Renault SA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Renault 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.| Renault SA generated a negative expected return over the last 90 days | |
| About 35.0% of the company outstanding shares are owned by corporate insiders |
Renault SA 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 Renault Stock often depends not only on the future outlook of the current and potential Renault SA'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. Renault SA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 271.3 M | |
| Cash And Short Term Investments | 22.8 B |
Renault SA Technical Analysis
Renault SA's future price can be derived by breaking down and analyzing its technical indicators over time. Renault Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Renault SA. In general, you should focus on analyzing Renault Stock price patterns and their correlations with different microeconomic environments and drivers.
Renault SA Predictive Forecast Models
Renault SA's time-series forecasting models is one of many Renault SA'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 Renault SA'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 Renault SA
Checking the ongoing alerts about Renault SA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Renault SA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Renault SA generated a negative expected return over the last 90 days | |
| About 35.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Renault Stock
Renault SA financial ratios help investors to determine whether Renault Stock 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 Renault with respect to the benefits of owning Renault SA security.