Rlx Technology Stock Probability of Future Stock Price Finishing Under 1.83
| RLX Stock | USD 2.12 0.06 2.91% |
RLX |
RLX Technology Target Price Odds to finish below 1.83
The tendency of RLX 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 $ 1.83 or more in 90 days |
| 2.12 | 90 days | 1.83 | about 60.35 |
Based on a normal probability distribution, the odds of RLX Technology to drop to $ 1.83 or more in 90 days from now is about 60.35 (This RLX Technology probability density function shows the probability of RLX Stock to fall within a particular range of prices over 90 days) . Probability of RLX Technology price to stay between $ 1.83 and its current price of $2.12 at the end of the 90-day period is about 38.1 .
Considering the 90-day investment horizon RLX Technology has a beta of 0.0402 indicating as returns on the market go up, RLX Technology average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding RLX Technology will be expected to be much smaller as well. Additionally RLX Technology has an alpha of 0.3679, implying that it can generate a 0.37 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). RLX Technology Price Density |
| Price |
Predictive Modules for RLX 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 RLX 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.RLX Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. RLX Technology is not an exception. The market had few large corrections towards the RLX 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 RLX Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of RLX Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.37 | |
β | Beta against Dow Jones | 0.04 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | 0.1 |
RLX 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 RLX Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for RLX 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.| About 86.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: RLX Technology Sees Over 3 percent Stock Increase Following Strong Q3 Earnings |
RLX 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 RLX Stock often depends not only on the future outlook of the current and potential RLX 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. RLX Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.3 B | |
| Cash And Short Term Investments | 8.1 B |
RLX Technology Technical Analysis
RLX Technology's future price can be derived by breaking down and analyzing its technical indicators over time. RLX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of RLX Technology. In general, you should focus on analyzing RLX Stock price patterns and their correlations with different microeconomic environments and drivers.
RLX Technology Predictive Forecast Models
RLX Technology's time-series forecasting models is one of many RLX 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 RLX 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 RLX Technology
Checking the ongoing alerts about RLX Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for RLX Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 86.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: RLX Technology Sees Over 3 percent Stock Increase Following Strong Q3 Earnings |
Additional Tools for RLX Stock Analysis
When running RLX Technology's price analysis, check to measure RLX Technology'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 RLX Technology is operating at the current time. Most of RLX Technology's value examination focuses on studying past and present price action to predict the probability of RLX Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RLX Technology's price. Additionally, you may evaluate how the addition of RLX Technology to your portfolios can decrease your overall portfolio volatility.