Renovorx Stock Odds of Future Stock Price Finishing Over 1.02
| RNXT Stock | USD 1.02 0.01 0.97% |
RenovoRx |
RenovoRx Target Price Odds to finish over 1.02
The tendency of RenovoRx 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 |
| 1.02 | 90 days | 1.02 | about 88.23 |
Based on a normal probability distribution, the odds of RenovoRx to move above the current price in 90 days from now is about 88.23 (This RenovoRx probability density function shows the probability of RenovoRx Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days RenovoRx has a beta of 0.84 indicating as returns on the market go up, RenovoRx average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding RenovoRx will be expected to be much smaller as well. Additionally RenovoRx has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. RenovoRx Price Density |
| Price |
Predictive Modules for RenovoRx
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RenovoRx. 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 RenovoRx'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.
RenovoRx Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. RenovoRx is not an exception. The market had few large corrections towards the RenovoRx'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 RenovoRx, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of RenovoRx within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.84 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | -0.02 |
RenovoRx 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 RenovoRx for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for RenovoRx can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| RenovoRx generated a negative expected return over the last 90 days | |
| RenovoRx has high historical volatility and very poor performance | |
| RenovoRx has some characteristics of a very speculative penny stock | |
| RenovoRx has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (10.23 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| RenovoRx currently holds about 10.77 M in cash with (10.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.19, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| RenovoRx has a frail financial position based on the latest SEC disclosures | |
| Latest headline from finance.yahoo.com: RenovoRx Announces Presentation at Symposium on Clinical Interventional Oncology Highlighting TAMP for Targeted Treatment of Locally Advanced Pancreatic Cancer |
RenovoRx 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 RenovoRx Stock often depends not only on the future outlook of the current and potential RenovoRx'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. RenovoRx's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10.3 M | |
| Cash And Short Term Investments | 1.2 M |
RenovoRx Technical Analysis
RenovoRx's future price can be derived by breaking down and analyzing its technical indicators over time. RenovoRx Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of RenovoRx. In general, you should focus on analyzing RenovoRx Stock price patterns and their correlations with different microeconomic environments and drivers.
RenovoRx Predictive Forecast Models
RenovoRx's time-series forecasting models is one of many RenovoRx'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 RenovoRx'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 RenovoRx
Checking the ongoing alerts about RenovoRx for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for RenovoRx help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| RenovoRx generated a negative expected return over the last 90 days | |
| RenovoRx has high historical volatility and very poor performance | |
| RenovoRx has some characteristics of a very speculative penny stock | |
| RenovoRx has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (10.23 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| RenovoRx currently holds about 10.77 M in cash with (10.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.19, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| RenovoRx has a frail financial position based on the latest SEC disclosures | |
| Latest headline from finance.yahoo.com: RenovoRx Announces Presentation at Symposium on Clinical Interventional Oncology Highlighting TAMP for Targeted Treatment of Locally Advanced Pancreatic Cancer |
Additional Tools for RenovoRx Stock Analysis
When running RenovoRx's price analysis, check to measure RenovoRx'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 RenovoRx is operating at the current time. Most of RenovoRx's value examination focuses on studying past and present price action to predict the probability of RenovoRx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RenovoRx's price. Additionally, you may evaluate how the addition of RenovoRx to your portfolios can decrease your overall portfolio volatility.