Renesola Stock Odds of Future Stock Price Finishing Over 5.12


USD 5.12  0.05  0.97%   

Renesola's future price is the expected price of Renesola instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Renesola Ltd ADR performance during a given time horizon utilizing its historical volatility.
Renesola's implied volatility is one of the determining factors in the pricing options written on Renesola Ltd ADR. Implied volatility approximates the future value of Renesola based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Renesola Ltd ADR over a specific time period. For example, 2022-10-21 CALL at $5.0 is a CALL option contract on Renesola's common stock with a strick price of 5.0 expiring on 2022-10-21. The contract was last traded on 2022-09-23 at 14:59:09 for $0.6 and, as of today, has 26 days remaining before the expiration. The option is currently trading at a bid price of $0.6, and an ask price of $0.7. The implied volatility as of the 25th of September is 97.4963. View All Renesola options

Closest to current price Renesola long CALL Option Payoff at Expiration

Additionally, take a look at Renesola Backtesting, Renesola Valuation, Renesola Correlation, Renesola Hype Analysis, Renesola Volatility, Renesola History as well as Renesola Performance. Please specify Renesola time horizon, a valid symbol (red box) and a target price (blue box) you would like Renesola odds to be computed.

Renesola Target Price Odds to finish over 5.12

The tendency of Renesola 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 PriceHorizonTarget PriceOdds to move above the current price in 90 days
 5.12 90 days 5.12 
about 74.35
Based on a normal probability distribution, the odds of Renesola to move above the current price in 90 days from now is about 74.35 (This Renesola Ltd ADR probability density function shows the probability of Renesola Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon Renesola has a beta of 0.94. This usually implies Renesola Ltd ADR market returns are highly reactive to returns on the market. As the market goes up or down, Renesola is expected to follow. Additionally The company has an alpha of 0.3268, implying that it can generate a 0.33 percent excess return over DOW after adjusting for the inherited market risk (beta).
   Renesola Price Density   

Predictive Modules for Renesola

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Renesola ADR. Regardless of method or technology, however, to accurately forecast the stock or bond 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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Renesola's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Renesola in the context of predictive analytics.
LowEstimated ValueHigh
LowReal ValueHigh
LowNext ValueHigh
1 Analysts
LowTarget PriceHigh
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Renesola. Your research has to be compared to or analyzed against Renesola's peers to derive any actionable benefits. When done correctly, Renesola's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Renesola ADR.

Renesola Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Renesola is not an exception. The market had few large corrections towards the Renesola'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 Renesola Ltd ADR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Renesola within the framework of very fundamental risk indicators.
Alpha over DOW
Beta against DOW0.94
Overall volatility
Information ratio 0.07

Renesola 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 Renesola for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Renesola ADR can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Renesola ADR has very high historical volatility over the last 90 days
Renesola Ltd ADR has about 222.89 M in cash with (6.1 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.33.
Latest headline from 2022-09-02 NYSESOL Press Release Renesola Ltd. ADR - Stockhouse

Renesola 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 Renesola Stock often depends not only on the future outlook of the current and potential Renesola'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. Renesola's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out2.19%
Float Shares20.26M
Shares Short Prior Month1.43M
Average Daily Volume Last 10 Day1.01M
Average Daily Volume In Three Month764.71k
Date Short Interest15th of July 2022

Renesola Technical Analysis

Renesola's future price can be derived by breaking down and analyzing its technical indicators over time. Renesola Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Renesola Ltd ADR. In general, you should focus on analyzing Renesola Stock price patterns and their correlations with different microeconomic environments and drivers.

Renesola Predictive Forecast Models

Renesola time-series forecasting models is one of many Renesola's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These non-stationary Renesola'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 Renesola ADR

Checking the ongoing alerts about Renesola for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Renesola ADR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Renesola Alerts

Renesola Alerts and Suggestions

Renesola ADR has very high historical volatility over the last 90 days
Renesola Ltd ADR has about 222.89 M in cash with (6.1 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.33.
Latest headline from 2022-09-02 NYSESOL Press Release Renesola Ltd. ADR - Stockhouse
Additionally, take a look at Renesola Backtesting, Renesola Valuation, Renesola Correlation, Renesola Hype Analysis, Renesola Volatility, Renesola History as well as Renesola Performance. You can also try Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Complementary Tools for analysis

When running Renesola ADR price analysis, check to measure Renesola'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 Renesola is operating at the current time. Most of Renesola's value examination focuses on studying past and present price action to predict the probability of Renesola's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Renesola's price. Additionally, you may evaluate how the addition of Renesola to your portfolios can decrease your overall portfolio volatility.
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Equity Valuation
Check real value of public entities based on technical and fundamental data
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Is Renesola's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Renesola. If investors know Renesola will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Renesola listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Renesola ADR is measured differently than its book value, which is the value of Renesola that is recorded on the company's balance sheet. Investors also form their own opinion of Renesola's value that differs from its market value or its book value, called intrinsic value, which is Renesola's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Renesola's market value can be influenced by many factors that don't directly affect Renesola's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Renesola's value and its price as these two are different measures arrived at by different means. Investors typically determine Renesola value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renesola's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.