Radiant Logistics Stock Probability of Future Stock Price Finishing Under 7.08
| RLGT Stock | USD 7.59 0.05 0.66% |
Radiant |
Radiant Logistics Target Price Odds to finish below 7.08
The tendency of Radiant 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 $ 7.08 or more in 90 days |
| 7.59 | 90 days | 7.08 | about 88.07 |
Based on a normal probability distribution, the odds of Radiant Logistics to drop to $ 7.08 or more in 90 days from now is about 88.07 (This Radiant Logistics probability density function shows the probability of Radiant Stock to fall within a particular range of prices over 90 days) . Probability of Radiant Logistics price to stay between $ 7.08 and its current price of $7.59 at the end of the 90-day period is about 11.24 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.81 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Radiant Logistics will likely underperform. Additionally Radiant Logistics has an alpha of 0.1459, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Radiant Logistics Price Density |
| Price |
Predictive Modules for Radiant Logistics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Radiant Logistics. 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.Radiant Logistics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Radiant Logistics is not an exception. The market had few large corrections towards the Radiant Logistics' 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 Radiant Logistics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Radiant Logistics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | 1.81 | |
σ | Overall volatility | 0.38 | |
Ir | Information ratio | 0.1 |
Radiant Logistics 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 Radiant Logistics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Radiant Logistics 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 59.0% of the company shares are owned by institutional investors | |
| Latest headline from seekingalpha.com: Radiant Logistics Non-GAAP EPS of 0.16 beats by 0.06, revenue of 203.57M misses by 11.46M |
Radiant Logistics 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 Radiant Stock often depends not only on the future outlook of the current and potential Radiant Logistics' 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. Radiant Logistics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 48.8 M | |
| Cash And Short Term Investments | 24.9 M |
Radiant Logistics Technical Analysis
Radiant Logistics' future price can be derived by breaking down and analyzing its technical indicators over time. Radiant Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Radiant Logistics. In general, you should focus on analyzing Radiant Stock price patterns and their correlations with different microeconomic environments and drivers.
Radiant Logistics Predictive Forecast Models
Radiant Logistics' time-series forecasting models is one of many Radiant Logistics' 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 Radiant Logistics' 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 Radiant Logistics
Checking the ongoing alerts about Radiant Logistics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Radiant Logistics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 59.0% of the company shares are owned by institutional investors | |
| Latest headline from seekingalpha.com: Radiant Logistics Non-GAAP EPS of 0.16 beats by 0.06, revenue of 203.57M misses by 11.46M |
Additional Tools for Radiant Stock Analysis
When running Radiant Logistics' price analysis, check to measure Radiant Logistics' 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 Radiant Logistics is operating at the current time. Most of Radiant Logistics' value examination focuses on studying past and present price action to predict the probability of Radiant Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Radiant Logistics' price. Additionally, you may evaluate how the addition of Radiant Logistics to your portfolios can decrease your overall portfolio volatility.