Renrenle Commercial (China) Probability of Future Stock Price Finishing Over 5.73
| 002336 Stock | 5.26 0.04 0.77% |
Renrenle |
Renrenle Commercial Target Price Odds to finish over 5.73
The tendency of Renrenle 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 move over 5.73 or more in 90 days |
| 5.26 | 90 days | 5.73 | about 37.52 |
Based on a normal probability distribution, the odds of Renrenle Commercial to move over 5.73 or more in 90 days from now is about 37.52 (This Renrenle Commercial Group probability density function shows the probability of Renrenle Stock to fall within a particular range of prices over 90 days) . Probability of Renrenle Commercial price to stay between its current price of 5.26 and 5.73 at the end of the 90-day period is about 39.81 .
Assuming the 90 days trading horizon Renrenle Commercial Group has a beta of -0.0739. This suggests as returns on the benchmark increase, returns on holding Renrenle Commercial are expected to decrease at a much lower rate. During a bear market, however, Renrenle Commercial Group is likely to outperform the market. Additionally Renrenle Commercial Group has an alpha of 0.1276, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Renrenle Commercial Price Density |
| Price |
Predictive Modules for Renrenle Commercial
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Renrenle Commercial. 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.Renrenle Commercial Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Renrenle Commercial is not an exception. The market had few large corrections towards the Renrenle Commercial'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 Renrenle Commercial Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Renrenle Commercial within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | -0.07 | |
σ | Overall volatility | 0.44 | |
Ir | Information ratio | 0.07 |
Renrenle Commercial 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 Renrenle Commercial for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Renrenle Commercial can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Renrenle Commercial generated a negative expected return over the last 90 days | |
| Renrenle Commercial has high historical volatility and very poor performance | |
| Renrenle Commercial has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 2.85 B. Net Loss for the year was (497.57 M) with profit before overhead, payroll, taxes, and interest of 1.02 B. | |
| About 79.0% of the company shares are owned by insiders or employees |
Renrenle Commercial 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 Renrenle Stock often depends not only on the future outlook of the current and potential Renrenle Commercial'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. Renrenle Commercial's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 440 M | |
| Cash And Short Term Investments | 414.2 M |
Renrenle Commercial Technical Analysis
Renrenle Commercial's future price can be derived by breaking down and analyzing its technical indicators over time. Renrenle Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Renrenle Commercial Group. In general, you should focus on analyzing Renrenle Stock price patterns and their correlations with different microeconomic environments and drivers.
Renrenle Commercial Predictive Forecast Models
Renrenle Commercial's time-series forecasting models is one of many Renrenle Commercial'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 Renrenle Commercial'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 Renrenle Commercial
Checking the ongoing alerts about Renrenle Commercial for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Renrenle Commercial help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Renrenle Commercial generated a negative expected return over the last 90 days | |
| Renrenle Commercial has high historical volatility and very poor performance | |
| Renrenle Commercial has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 2.85 B. Net Loss for the year was (497.57 M) with profit before overhead, payroll, taxes, and interest of 1.02 B. | |
| About 79.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Renrenle Stock
Renrenle Commercial financial ratios help investors to determine whether Renrenle 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 Renrenle with respect to the benefits of owning Renrenle Commercial security.