Red Income Quality from 2010 to 2024
| RRR Stock | USD 50.09 0.23 0.46% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 2.80866912 | Current Value 2.95 | Quarterly Volatility 13.76662951 |
Check Red Rock financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Red Rock's main balance sheet or income statement drivers, such as Depreciation And Amortization of 176.3 M, Interest Expense of 117.7 M or Selling General Administrative of 367.4 M, as well as many indicators such as Price To Sales Ratio of 0.9, Dividend Yield of 0.018 or PTB Ratio of 11.7. Red financial statements analysis is a perfect complement when working with Red Rock Valuation or Volatility modules.
Red | Income Quality |
Latest Red Rock's Income Quality Growth Pattern
Below is the plot of the Income Quality of Red Rock Resorts over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. Red Rock's Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Red Rock's overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
|
Income Quality |
| Timeline |
Red Income Quality Regression Statistics
| Arithmetic Mean | 0.37 | |
| Coefficient Of Variation | 3,683 | |
| Mean Deviation | 6.90 | |
| Median | 2.44 | |
| Standard Deviation | 13.77 | |
| Sample Variance | 189.52 | |
| Range | 58.1649 | |
| R-Value | (0.29) | |
| Mean Square Error | 186.60 | |
| R-Squared | 0.09 | |
| Significance | 0.29 | |
| Slope | (0.90) | |
| Total Sum of Squares | 2,653 |
Red Income Quality History
About Red Rock Financial Statements
Red Rock shareholders use historical fundamental indicators, such as Income Quality, to determine how well the company is positioned to perform in the future. Although Red Rock investors may analyze each financial statement separately, they are all interrelated. The changes in Red Rock's assets and liabilities, for example, are also reflected in the revenues and expenses on on Red Rock's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Income Quality | 2.81 | 2.95 |
Pair Trading with Red Rock
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Red Rock position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Red Rock will appreciate offsetting losses from the drop in the long position's value.Moving against Red Stock
| 0.75 | EVRI | Everi Holdings | PairCorr |
| 0.74 | RSI | Rush Street Interactive | PairCorr |
| 0.66 | EXPE | Expedia Group | PairCorr |
| 0.66 | AGS | PlayAGS | PairCorr |
| 0.66 | CMG | Chipotle Mexican Grill Aggressive Push | PairCorr |
The ability to find closely correlated positions to Red Rock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Red Rock when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Red Rock - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Red Rock Resorts to buy it.
The correlation of Red Rock is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Red Rock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Red Rock Resorts moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Red Rock can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Red Stock Analysis
When running Red Rock's price analysis, check to measure Red Rock'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 Red Rock is operating at the current time. Most of Red Rock's value examination focuses on studying past and present price action to predict the probability of Red Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Rock's price. Additionally, you may evaluate how the addition of Red Rock to your portfolios can decrease your overall portfolio volatility.