Ring Energy Inc Stock Probability of Future OTC Stock Price Finishing Over 0.18
| RNGE Stock | 0.18 0.02 10.00% |
RING |
RING ENERGY Target Price Odds to finish over 0.18
The tendency of RING OTC 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 |
| 0.18 | 90 days | 0.18 | about 15.0 |
Based on a normal probability distribution, the odds of RING ENERGY to move above the current price in 90 days from now is about 15.0 (This RING ENERGY INC probability density function shows the probability of RING OTC Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the otc stock has the beta coefficient of 3.51 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, RING ENERGY will likely underperform. Additionally RING ENERGY INC has an alpha of 0.365, implying that it can generate a 0.36 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). RING ENERGY Price Density |
| Price |
Predictive Modules for RING ENERGY
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RING ENERGY INC. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.RING ENERGY Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. RING ENERGY is not an exception. The market had few large corrections towards the RING ENERGY'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 RING ENERGY INC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of RING ENERGY within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.36 | |
β | Beta against Dow Jones | 3.51 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.06 |
RING ENERGY 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 RING ENERGY for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for RING ENERGY INC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| RING ENERGY INC is way too risky over 90 days horizon | |
| RING ENERGY INC has some characteristics of a very speculative penny stock | |
| RING ENERGY INC appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 3.53 M. Net Loss for the year was (2.35 M) with profit before overhead, payroll, taxes, and interest of 888.49 K. |
RING ENERGY Technical Analysis
RING ENERGY's future price can be derived by breaking down and analyzing its technical indicators over time. RING OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of RING ENERGY INC. In general, you should focus on analyzing RING OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
RING ENERGY Predictive Forecast Models
RING ENERGY's time-series forecasting models is one of many RING ENERGY's otc 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 RING ENERGY'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 otc stock market movement and maximize returns from investment trading.
Things to note about RING ENERGY INC
Checking the ongoing alerts about RING ENERGY for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for RING ENERGY INC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| RING ENERGY INC is way too risky over 90 days horizon | |
| RING ENERGY INC has some characteristics of a very speculative penny stock | |
| RING ENERGY INC appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 3.53 M. Net Loss for the year was (2.35 M) with profit before overhead, payroll, taxes, and interest of 888.49 K. |
Other Information on Investing in RING OTC Stock
RING ENERGY financial ratios help investors to determine whether RING OTC 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 RING with respect to the benefits of owning RING ENERGY security.