Roof Renovation (Poland) Probability of Future Stock Price Finishing Over 0.44
RRH Stock | 0.44 0.30 214.29% |
Roof |
Roof Renovation Target Price Odds to finish over 0.44
The tendency of Roof 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 above the current price in 90 days |
0.44 | 90 days | 0.44 | about 32.59 |
Based on a normal probability distribution, the odds of Roof Renovation to move above the current price in 90 days from now is about 32.59 (This Roof Renovation SA probability density function shows the probability of Roof Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.14 indicating Roof Renovation SA market returns are sensible to returns on the market. As the market goes up or down, Roof Renovation is expected to follow. Additionally Roof Renovation SA has an alpha of 0.0402, implying that it can generate a 0.0402 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Roof Renovation Price Density |
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Predictive Modules for Roof Renovation
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Roof Renovation SA. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Roof Renovation's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Roof Renovation Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Roof Renovation is not an exception. The market had few large corrections towards the Roof Renovation'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 Roof Renovation SA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Roof Renovation within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.04 | |
β | Beta against Dow Jones | 1.14 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | 0.01 |
Roof Renovation 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 Roof Renovation for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Roof Renovation SA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.Roof Renovation SA is way too risky over 90 days horizon | |
Roof Renovation SA has some characteristics of a very speculative penny stock | |
Roof Renovation SA appears to be risky and price may revert if volatility continues |
Roof Renovation Technical Analysis
Roof Renovation's future price can be derived by breaking down and analyzing its technical indicators over time. Roof Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Roof Renovation SA. In general, you should focus on analyzing Roof Stock price patterns and their correlations with different microeconomic environments and drivers.
Roof Renovation Predictive Forecast Models
Roof Renovation's time-series forecasting models is one of many Roof Renovation'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 Roof Renovation'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 Roof Renovation SA
Checking the ongoing alerts about Roof Renovation for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Roof Renovation SA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Roof Renovation SA is way too risky over 90 days horizon | |
Roof Renovation SA has some characteristics of a very speculative penny stock | |
Roof Renovation SA appears to be risky and price may revert if volatility continues |
Additional Tools for Roof Stock Analysis
When running Roof Renovation's price analysis, check to measure Roof Renovation'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 Roof Renovation is operating at the current time. Most of Roof Renovation's value examination focuses on studying past and present price action to predict the probability of Roof Renovation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roof Renovation's price. Additionally, you may evaluate how the addition of Roof Renovation to your portfolios can decrease your overall portfolio volatility.