Resources Connection Stock Probability of Future Stock Price Finishing Under 1.19
| RGP Stock | USD 8.41 0.05 0.60% |
Resources |
Resources Connection Target Price Odds to finish below 1.19
The tendency of Resources 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 $ 1.19 or more in 90 days |
| 8.41 | 90 days | 1.19 | near 1 |
Based on a normal probability distribution, the odds of Resources Connection to drop to $ 1.19 or more in 90 days from now is near 1 (This Resources Connection probability density function shows the probability of Resources Stock to fall within a particular range of prices over 90 days) . Probability of Resources Connection price to stay between $ 1.19 and its current price of $8.41 at the end of the 90-day period is about 49.9 .
Considering the 90-day investment horizon Resources Connection has a beta of 0.23 indicating as returns on the market go up, Resources Connection average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Resources Connection will be expected to be much smaller as well. Additionally Resources Connection 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. Resources Connection Price Density |
| Price |
Predictive Modules for Resources Connection
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Resources Connection. 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.Resources Connection Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Resources Connection is not an exception. The market had few large corrections towards the Resources Connection'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 Resources Connection, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Resources Connection within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 0.23 | |
σ | Overall volatility | 0.35 | |
Ir | Information ratio | -0.05 |
Resources Connection 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 Resources Connection for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Resources Connection can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Resources Connection generated a negative expected return over the last 90 days | |
| Resources Connection has a strong financial position based on the latest SEC filings | |
| Over 90.0% of the company shares are owned by institutional investors | |
| On 16th of December 2024 Resources Connection paid $ 0.14 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Resources Connection Expected to Beat Earnings Estimates Should You Buy |
Resources Connection 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 Resources Stock often depends not only on the future outlook of the current and potential Resources Connection'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. Resources Connection's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 33.9 M | |
| Cash And Short Term Investments | 108.9 M |
Resources Connection Technical Analysis
Resources Connection's future price can be derived by breaking down and analyzing its technical indicators over time. Resources Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Resources Connection. In general, you should focus on analyzing Resources Stock price patterns and their correlations with different microeconomic environments and drivers.
Resources Connection Predictive Forecast Models
Resources Connection's time-series forecasting models is one of many Resources Connection'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 Resources Connection'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 Resources Connection
Checking the ongoing alerts about Resources Connection for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Resources Connection help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Resources Connection generated a negative expected return over the last 90 days | |
| Resources Connection has a strong financial position based on the latest SEC filings | |
| Over 90.0% of the company shares are owned by institutional investors | |
| On 16th of December 2024 Resources Connection paid $ 0.14 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Resources Connection Expected to Beat Earnings Estimates Should You Buy |
Additional Tools for Resources Stock Analysis
When running Resources Connection's price analysis, check to measure Resources Connection'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 Resources Connection is operating at the current time. Most of Resources Connection's value examination focuses on studying past and present price action to predict the probability of Resources Connection's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Resources Connection's price. Additionally, you may evaluate how the addition of Resources Connection to your portfolios can decrease your overall portfolio volatility.