Renoworks Software Stock Probability of Future Stock Price Finishing Over 0.16
| RW Stock | CAD 0.28 0.01 3.70% |
Renoworks |
Renoworks Software Target Price Odds to finish over 0.16
The tendency of Renoworks 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 stay above C$ 0.16 in 90 days |
| 0.28 | 90 days | 0.16 | about 98.0 |
Based on a normal probability distribution, the odds of Renoworks Software to stay above C$ 0.16 in 90 days from now is about 98.0 (This Renoworks Software probability density function shows the probability of Renoworks Stock to fall within a particular range of prices over 90 days) . Probability of Renoworks Software price to stay between C$ 0.16 and its current price of C$0.28 at the end of the 90-day period is about 64.23 .
Given the investment horizon of 90 days Renoworks Software has a beta of 0.63 indicating as returns on the market go up, Renoworks Software average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Renoworks Software will be expected to be much smaller as well. Additionally Renoworks Software has an alpha of 0.65, implying that it can generate a 0.65 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Renoworks Software Price Density |
| Price |
Predictive Modules for Renoworks Software
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Renoworks Software. 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.Renoworks Software Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Renoworks Software is not an exception. The market had few large corrections towards the Renoworks Software'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 Renoworks Software, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Renoworks Software within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.65 | |
β | Beta against Dow Jones | 0.63 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | 0.15 |
Renoworks Software 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 Renoworks Software for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Renoworks Software can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Renoworks Software has some characteristics of a very speculative penny stock | |
| Renoworks Software appears to be risky and price may revert if volatility continues | |
| Renoworks Software currently holds 1.87 M in liabilities with Debt to Equity (D/E) ratio of 22.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Renoworks Software has a current ratio of 0.88, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Renoworks Software until it has trouble settling it off, either with new capital or with free cash flow. So, Renoworks Software's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Renoworks Software sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Renoworks to invest in growth at high rates of return. When we think about Renoworks Software's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 6.29 M. Net Loss for the year was (497.77 K) with profit before overhead, payroll, taxes, and interest of 3.79 M. | |
| Renoworks Software currently holds about 203.43 K in cash with (52.83 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 44.0% of Renoworks Software outstanding shares are owned by corporate insiders |
Renoworks Software 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 Renoworks Stock often depends not only on the future outlook of the current and potential Renoworks Software'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. Renoworks Software's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 40.7 M | |
| Cash And Short Term Investments | 645.5 K |
Renoworks Software Technical Analysis
Renoworks Software's future price can be derived by breaking down and analyzing its technical indicators over time. Renoworks Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Renoworks Software. In general, you should focus on analyzing Renoworks Stock price patterns and their correlations with different microeconomic environments and drivers.
Renoworks Software Predictive Forecast Models
Renoworks Software's time-series forecasting models is one of many Renoworks Software'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 Renoworks Software'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 Renoworks Software
Checking the ongoing alerts about Renoworks Software for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Renoworks Software help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Renoworks Software has some characteristics of a very speculative penny stock | |
| Renoworks Software appears to be risky and price may revert if volatility continues | |
| Renoworks Software currently holds 1.87 M in liabilities with Debt to Equity (D/E) ratio of 22.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Renoworks Software has a current ratio of 0.88, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Renoworks Software until it has trouble settling it off, either with new capital or with free cash flow. So, Renoworks Software's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Renoworks Software sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Renoworks to invest in growth at high rates of return. When we think about Renoworks Software's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 6.29 M. Net Loss for the year was (497.77 K) with profit before overhead, payroll, taxes, and interest of 3.79 M. | |
| Renoworks Software currently holds about 203.43 K in cash with (52.83 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 44.0% of Renoworks Software outstanding shares are owned by corporate insiders |
Additional Tools for Renoworks Stock Analysis
When running Renoworks Software's price analysis, check to measure Renoworks Software'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 Renoworks Software is operating at the current time. Most of Renoworks Software's value examination focuses on studying past and present price action to predict the probability of Renoworks Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renoworks Software's price. Additionally, you may evaluate how the addition of Renoworks Software to your portfolios can decrease your overall portfolio volatility.