Renn Fund Probability of Future Stock Price Finishing Under 2.52
| RCG Stock | USD 2.52 0.03 1.18% |
RENN |
RENN Fund Target Price Odds to finish below 2.52
The tendency of RENN 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 below current price in 90 days |
| 2.52 | 90 days | 2.52 | about 85.99 |
Based on a normal probability distribution, the odds of RENN Fund to move below current price in 90 days from now is about 85.99 (This RENN Fund probability density function shows the probability of RENN Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.02 indicating RENN Fund market returns are reactive to returns on the market. As the market goes up or down, RENN Fund is expected to follow. Additionally RENN Fund has an alpha of 0.3405, implying that it can generate a 0.34 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). RENN Fund Price Density |
| Price |
Predictive Modules for RENN Fund
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RENN Fund. 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 RENN Fund'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.
RENN Fund Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. RENN Fund is not an exception. The market had few large corrections towards the RENN Fund'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 RENN Fund, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of RENN Fund within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.34 | |
β | Beta against Dow Jones | 1.02 | |
σ | Overall volatility | 0.24 | |
Ir | Information ratio | 0.11 |
RENN Fund 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 RENN Fund for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for RENN Fund can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| RENN Fund had very high historical volatility over the last 90 days | |
| RENN Fund has high likelihood to experience some financial distress in the next 2 years | |
| RENN Fund has 8.78 K in debt. RENN Fund has a current ratio of 0.84, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for RENN to invest in growth at high rates of return. | |
| The entity reported the last year's revenue of 245.25 K. Reported Net Loss for the year was (884.59 K) with profit before taxes, overhead, and interest of 223.44 K. | |
| RENN Fund has about 69.89 K in cash with (2.15 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| RENN Fund has a poor financial position based on the latest SEC disclosures | |
| Roughly 16.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Acquisition by Murray Stahl of tradable shares of RENN Fund at 2.58 subject to Rule 16b-3 |
RENN Fund 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 RENN Stock often depends not only on the future outlook of the current and potential RENN Fund'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. RENN Fund's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7 M | |
| Cash And Short Term Investments | 25.2 K |
RENN Fund Technical Analysis
RENN Fund's future price can be derived by breaking down and analyzing its technical indicators over time. RENN Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of RENN Fund. In general, you should focus on analyzing RENN Stock price patterns and their correlations with different microeconomic environments and drivers.
RENN Fund Predictive Forecast Models
RENN Fund's time-series forecasting models is one of many RENN Fund'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 RENN Fund'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 RENN Fund
Checking the ongoing alerts about RENN Fund for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for RENN Fund help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| RENN Fund had very high historical volatility over the last 90 days | |
| RENN Fund has high likelihood to experience some financial distress in the next 2 years | |
| RENN Fund has 8.78 K in debt. RENN Fund has a current ratio of 0.84, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for RENN to invest in growth at high rates of return. | |
| The entity reported the last year's revenue of 245.25 K. Reported Net Loss for the year was (884.59 K) with profit before taxes, overhead, and interest of 223.44 K. | |
| RENN Fund has about 69.89 K in cash with (2.15 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| RENN Fund has a poor financial position based on the latest SEC disclosures | |
| Roughly 16.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Acquisition by Murray Stahl of tradable shares of RENN Fund at 2.58 subject to Rule 16b-3 |
Check out RENN Fund Backtesting, RENN Fund Valuation, RENN Fund Correlation, RENN Fund Hype Analysis, RENN Fund Volatility, RENN Fund History as well as RENN Fund Performance. For more detail on how to invest in RENN Stock please use our How to Invest in RENN Fund guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Asset Management & Custody Banks space 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 RENN Fund. If investors know RENN 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 RENN Fund 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 (1.00) | Dividend Share 0.015 | Earnings Share 0.16 | Revenue Per Share 0.044 | Quarterly Revenue Growth 0.175 |
The market value of RENN Fund is measured differently than its book value, which is the value of RENN that is recorded on the company's balance sheet. Investors also form their own opinion of RENN Fund's value that differs from its market value or its book value, called intrinsic value, which is RENN Fund'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 RENN Fund's market value can be influenced by many factors that don't directly affect RENN Fund'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 RENN Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if RENN Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RENN Fund'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.