3R Petroleum (Brazil) Probability of Future Stock Price Finishing Over 15.61
| RRRP3 Stock | BRL 16.26 0.59 3.50% |
RRRP3 |
3R Petroleum Target Price Odds to finish over 15.61
The tendency of RRRP3 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$ 15.61 in 90 days |
| 16.26 | 90 days | 15.61 | about 88.27 |
Based on a normal probability distribution, the odds of 3R Petroleum to stay above R$ 15.61 in 90 days from now is about 88.27 (This 3R Petroleum leo probability density function shows the probability of RRRP3 Stock to fall within a particular range of prices over 90 days) . Probability of 3R Petroleum leo price to stay between R$ 15.61 and its current price of R$16.26 at the end of the 90-day period is roughly 2.98 .
Assuming the 90 days trading horizon 3R Petroleum has a beta of 0.53 indicating as returns on the market go up, 3R Petroleum average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding 3R Petroleum leo will be expected to be much smaller as well. Additionally 3R Petroleum leo 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. 3R Petroleum Price Density |
| Price |
Predictive Modules for 3R Petroleum
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 3R Petroleum leo. 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.3R Petroleum Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. 3R Petroleum is not an exception. The market had few large corrections towards the 3R Petroleum'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 3R Petroleum leo, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 3R Petroleum within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.92 | |
β | Beta against Dow Jones | 0.53 | |
σ | Overall volatility | 4.66 | |
Ir | Information ratio | -0.33 |
3R Petroleum 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 3R Petroleum for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for 3R Petroleum leo can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| 3R Petroleum leo is not yet fully synchronised with the market data | |
| 3R Petroleum leo generated a negative expected return over the last 90 days | |
| 3R Petroleum leo has high historical volatility and very poor performance | |
| The company reported the revenue of 727.8 M. Net Loss for the year was (905 K) with profit before overhead, payroll, taxes, and interest of 408.27 M. | |
| About 68.0% of the company shares are owned by institutional investors |
3R Petroleum 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 RRRP3 Stock often depends not only on the future outlook of the current and potential 3R Petroleum'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. 3R Petroleum's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 109.5 M | |
| Cash And Short Term Investments | 2.5 B |
3R Petroleum Technical Analysis
3R Petroleum's future price can be derived by breaking down and analyzing its technical indicators over time. RRRP3 Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 3R Petroleum leo. In general, you should focus on analyzing RRRP3 Stock price patterns and their correlations with different microeconomic environments and drivers.
3R Petroleum Predictive Forecast Models
3R Petroleum's time-series forecasting models is one of many 3R Petroleum'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 3R Petroleum'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 3R Petroleum leo
Checking the ongoing alerts about 3R Petroleum for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for 3R Petroleum leo help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| 3R Petroleum leo is not yet fully synchronised with the market data | |
| 3R Petroleum leo generated a negative expected return over the last 90 days | |
| 3R Petroleum leo has high historical volatility and very poor performance | |
| The company reported the revenue of 727.8 M. Net Loss for the year was (905 K) with profit before overhead, payroll, taxes, and interest of 408.27 M. | |
| About 68.0% of the company shares are owned by institutional investors |
Additional Tools for RRRP3 Stock Analysis
When running 3R Petroleum's price analysis, check to measure 3R Petroleum'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 3R Petroleum is operating at the current time. Most of 3R Petroleum's value examination focuses on studying past and present price action to predict the probability of 3R Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3R Petroleum's price. Additionally, you may evaluate how the addition of 3R Petroleum to your portfolios can decrease your overall portfolio volatility.