Resources Connection Stock Probability of Future Stock Price Finishing Over 21.35
| RGP Stock | USD 8.53 0.12 1.43% |
Resources |
Resources Connection Target Price Odds to finish over 21.35
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 move over $ 21.35 or more in 90 days |
| 8.53 | 90 days | 21.35 | close to zero percent |
Based on a normal probability distribution, the odds of Resources Connection to move over $ 21.35 or more in 90 days from now is close to zero percent (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 its current price of $ 8.53 and $ 21.35 at the end of the 90-day period is about 33.09 .
Considering the 90-day investment horizon Resources Connection has a beta of 0.21 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 | 0.21 | |
σ | Overall volatility | 0.32 | |
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 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 MacroaxisInsider: Acquisition by Dimick Neil F of 736 shares of Resources Connection subject to Rule 16b-3 |
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.