Runjian Communication (China) Probability of Future Stock Price Finishing Under 25.82
| 002929 Stock | 29.08 0.55 1.86% |
Runjian |
Runjian Communication Target Price Odds to finish below 25.82
The tendency of Runjian 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 25.82 or more in 90 days |
| 29.08 | 90 days | 25.82 | about 20.56 |
Based on a normal probability distribution, the odds of Runjian Communication to drop to 25.82 or more in 90 days from now is about 20.56 (This Runjian Communication Co probability density function shows the probability of Runjian Stock to fall within a particular range of prices over 90 days) . Probability of Runjian Communication price to stay between 25.82 and its current price of 29.08 at the end of the 90-day period is about 43.66 .
Assuming the 90 days trading horizon Runjian Communication Co has a beta of -0.15. This suggests as returns on the benchmark increase, returns on holding Runjian Communication are expected to decrease at a much lower rate. During a bear market, however, Runjian Communication Co is likely to outperform the market. Additionally Runjian Communication Co has an alpha of 0.2192, implying that it can generate a 0.22 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Runjian Communication Price Density |
| Price |
Predictive Modules for Runjian Communication
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Runjian Communication. 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.Runjian Communication Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Runjian Communication is not an exception. The market had few large corrections towards the Runjian Communication'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 Runjian Communication Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Runjian Communication within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.22 | |
β | Beta against Dow Jones | -0.15 | |
σ | Overall volatility | 2.75 | |
Ir | Information ratio | 0.03 |
Runjian Communication 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 Runjian Communication for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Runjian Communication can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Runjian Communication had very high historical volatility over the last 90 days | |
| About 52.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Retail investors among Runjian Co., Ltd.s largest stockholders and were hit after last weeks 8.3 percent price drop - Simply Wall St |
Runjian Communication 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 Runjian Stock often depends not only on the future outlook of the current and potential Runjian Communication'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. Runjian Communication's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 255 M | |
| Cash And Short Term Investments | 1.9 B |
Runjian Communication Technical Analysis
Runjian Communication's future price can be derived by breaking down and analyzing its technical indicators over time. Runjian Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Runjian Communication Co. In general, you should focus on analyzing Runjian Stock price patterns and their correlations with different microeconomic environments and drivers.
Runjian Communication Predictive Forecast Models
Runjian Communication's time-series forecasting models is one of many Runjian Communication'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 Runjian Communication'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 Runjian Communication
Checking the ongoing alerts about Runjian Communication for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Runjian Communication help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Runjian Communication had very high historical volatility over the last 90 days | |
| About 52.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Retail investors among Runjian Co., Ltd.s largest stockholders and were hit after last weeks 8.3 percent price drop - Simply Wall St |
Other Information on Investing in Runjian Stock
Runjian Communication financial ratios help investors to determine whether Runjian 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 Runjian with respect to the benefits of owning Runjian Communication security.