Spotify Technology (Brazil) Probability of Future Stock Price Finishing Under 692.61
| S1PO34 Stock | BRL 709.99 20.48 2.97% |
Spotify |
Spotify Technology Target Price Odds to finish below 692.61
The tendency of Spotify 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$ 692.61 or more in 90 days |
| 709.99 | 90 days | 692.61 | close to 99 |
Based on a normal probability distribution, the odds of Spotify Technology to drop to R$ 692.61 or more in 90 days from now is close to 99 (This Spotify Technology SA probability density function shows the probability of Spotify Stock to fall within a particular range of prices over 90 days) . Probability of Spotify Technology price to stay between R$ 692.61 and its current price of R$709.99 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Spotify Technology SA has a beta of -0.57. This usually implies as returns on the benchmark increase, returns on holding Spotify Technology are expected to decrease at a much lower rate. During a bear market, however, Spotify Technology SA is likely to outperform the market. Additionally Spotify Technology SA has an alpha of 0.6703, implying that it can generate a 0.67 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Spotify Technology Price Density |
| Price |
Predictive Modules for Spotify Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Spotify Technology. 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.Spotify Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Spotify Technology is not an exception. The market had few large corrections towards the Spotify Technology'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 Spotify Technology SA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Spotify Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.67 | |
β | Beta against Dow Jones | -0.57 | |
σ | Overall volatility | 60.42 | |
Ir | Information ratio | 0.18 |
Spotify Technology 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 Spotify Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Spotify Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the revenue of 9.67 B. Net Loss for the year was (34 M) with profit before overhead, payroll, taxes, and interest of 2.93 B. |
Spotify Technology 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 Spotify Stock often depends not only on the future outlook of the current and potential Spotify Technology'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. Spotify Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 192.2 M |
Spotify Technology Technical Analysis
Spotify Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Spotify Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Spotify Technology SA. In general, you should focus on analyzing Spotify Stock price patterns and their correlations with different microeconomic environments and drivers.
Spotify Technology Predictive Forecast Models
Spotify Technology's time-series forecasting models is one of many Spotify Technology'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 Spotify Technology'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 Spotify Technology
Checking the ongoing alerts about Spotify Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Spotify Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the revenue of 9.67 B. Net Loss for the year was (34 M) with profit before overhead, payroll, taxes, and interest of 2.93 B. |
Additional Information and Resources on Investing in Spotify Stock
When determining whether Spotify Technology is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Spotify Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Spotify Technology Sa Stock. Highlighted below are key reports to facilitate an investment decision about Spotify Technology Sa Stock:Check out Spotify Technology Backtesting, Spotify Technology Valuation, Spotify Technology Correlation, Spotify Technology Hype Analysis, Spotify Technology Volatility, Spotify Technology History as well as Spotify Technology Performance. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.