Resources Connection Stock Probability of Future Stock Price Finishing Under 10.96
| RGP Stock | USD 11.13 0.03 0.27% |
Closest to current price Resources long CALL Option Payoff at Expiration
Resources |
Resources Connection Target Price Odds to finish below 10.96
The tendency of Resources 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 $ 10.96 or more in 90 days |
| 11.13 | 90 days | 10.96 | roughly 2.89 |
Based on a normal probability distribution, the odds of Resources Connection to drop to $ 10.96 or more in 90 days from now is roughly 2.89 (This Resources Connection probability density function shows the probability of Resources Stock to fall within a particular range of prices over 90 days) . Probability of Resources Connection price to stay between $ 10.96 and its current price of $11.13 at the end of the 90-day period is about 1.42 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.98 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, Resources Connection will likely underperform. Additionally Resources Connection has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Resources Connection Price Density |
| Price |
Predictive Modules for Resources Connection
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Resources Connection. 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 Resources Connection'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.
Resources Connection Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Resources Connection is not an exception. The market had few large corrections towards the Resources Connection'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 Resources Connection, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Resources Connection within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.4 | |
β | Beta against NYSE Composite | 1.98 | |
σ | Overall volatility | 0.94 | |
Ir | Information ratio | -0.16 |
Resources Connection 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 Resources Connection for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Resources Connection can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Resources Connection generated a negative expected return over the last 90 days | |
| Over 91.0% of the company shares are owned by institutional investors | |
| On 14th of March 2024 Resources Connection paid $ 0.14 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Vanguard Group Inc. Sells 20963 Shares of Resources Connection, Inc. - Defense World |
Resources Connection 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 Resources Stock often depends not only on the future outlook of the current and potential Resources Connection'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. Resources Connection's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 34.2 M | |
| Cash And Short Term Investments | 116.8 M |
Resources Connection Technical Analysis
Resources Connection's future price can be derived by breaking down and analyzing its technical indicators over time. Resources Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Resources Connection. In general, you should focus on analyzing Resources Stock price patterns and their correlations with different microeconomic environments and drivers.
Resources Connection Predictive Forecast Models
Resources Connection's time-series forecasting models is one of many Resources Connection'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 Resources Connection'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 Resources Connection
Checking the ongoing alerts about Resources Connection for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Resources Connection help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Resources Connection generated a negative expected return over the last 90 days | |
| Over 91.0% of the company shares are owned by institutional investors | |
| On 14th of March 2024 Resources Connection paid $ 0.14 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Vanguard Group Inc. Sells 20963 Shares of Resources Connection, Inc. - Defense World |
Check out Resources Connection Backtesting, Resources Connection Valuation, Resources Connection Correlation, Resources Connection Hype Analysis, Resources Connection Volatility, Resources Connection History as well as Resources Connection Performance. To learn how to invest in Resources Stock, please use our How to Invest in Resources Connection guide.Note that the Resources Connection information on this page should be used as a complementary analysis to other Resources Connection's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Resources Stock analysis
When running Resources Connection's price analysis, check to measure Resources Connection'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 Resources Connection is operating at the current time. Most of Resources Connection's value examination focuses on studying past and present price action to predict the probability of Resources Connection's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Resources Connection's price. Additionally, you may evaluate how the addition of Resources Connection to your portfolios can decrease your overall portfolio volatility.
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Is Resources Connection's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Resources Connection. If investors know Resources will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Resources Connection listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.64) | Dividend Share 0.56 | Earnings Share 0.66 | Revenue Per Share 20.023 | Quarterly Revenue Growth (0.19) |
The market value of Resources Connection is measured differently than its book value, which is the value of Resources that is recorded on the company's balance sheet. Investors also form their own opinion of Resources Connection's value that differs from its market value or its book value, called intrinsic value, which is Resources Connection's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Resources Connection's market value can be influenced by many factors that don't directly affect Resources Connection's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Resources Connection's value and its price as these two are different measures arrived at by different means. Investors typically determine if Resources Connection is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Resources Connection's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.