Rimoni Industries (Israel) Probability of Target Price Finishing Over Current Price

RIMO -- Israel Stock  

ILS 6,320  222.00  3.64%

Rimoni Industries probability of target price tool provides mechanism to make assumptions about upside and downside potential of Rimoni Industries Ltd performance during a given time horizon utilizing its historical volatility. Please specify Rimoni Industries time horizon, a valid symbol (red box) and a target price (blue box) you would like Rimoni Industries odds to be computed. Additionally take a look at Your Equity Center.
Horizon     30 Days    Login   to change
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Rimoni Industries Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 6,320 30 days 6,320  ABOUT 37.69%
Based on normal probability distribution, the odds of Rimoni Industries to move above current price in 30 days from now is about 37.69% (This Rimoni Industries Ltd probability density function shows the probability of Rimoni Industries Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Rimoni Industries Ltd has beta of -0.2866 . This implies as returns on benchmark increase, returns on holding Rimoni Industries are expected to decrease at a much smaller rate. During bear market, however, Rimoni Industries Ltd is likely to outperform the market. Additionally The company has an alpha of 0.1346 implying that it can potentially generate 0.1346% excess return over DOW after adjusting for the inherited market risk (beta).
 Rimoni Industries Price Density 
      Price 
α
Alpha over DOW
=0.13
β
Beta against DOW=0.29
σ
Overall volatility
=159.43
Ir
Information ratio =0.02863

Rimoni Industries Alerts

Rimoni Industries Alerts and Suggestions

Rimoni Industries is not yet fully synchronised with the market data

Price Density Drivers

Rimoni Industries Health Indicators

Trailing Annual Dividend Rate4.42
Float Shares1.82M
Average Daily Volume Last 10 Day3.05k
Average Daily Volume In Three Month1.42k
Trailing Annual Dividend Yield0.07%
Additionally take a look at Your Equity Center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.
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