Roadzen Stock Price on September 16, 2024
| RDZNW Stock | 0.18 0.02 12.50% |
If you're considering investing in Roadzen Stock, it is important to understand the factors that can impact its price. As of today, the current price of Roadzen stands at 0.18, as last reported on the 4th of January, with the highest price reaching 0.19 and the lowest price hitting 0.18 during the day. Roadzen is out of control given 3 months investment horizon. Roadzen maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 5.49% are justified by taking the suggested risk. Use Roadzen Risk Adjusted Performance of 0.1543, coefficient of variation of 561.32, and Semi Deviation of 14.01 to evaluate company specific risk that cannot be diversified away.
Roadzen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Roadzen |
Sharpe Ratio = 0.1782
| Best Portfolio | Best Equity | RDZNW | ||
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Estimated Market Risk
| 30.8 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Roadzen is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Roadzen by adding it to a well-diversified portfolio.
Roadzen Valuation on September 16, 2024
It is possible to determine the worth of Roadzen on a given historical date. On September 16, 2024 Roadzen was worth 0.065 at the beginning of the trading date compared to the closed value of 0.065. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Roadzen stock. Still, in general, we apply an absolute valuation method to find Roadzen's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Roadzen where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Roadzen's related companies.
| Open | High | Low | Close | Volume | |
| 0.07 | 0.07 | 0.07 | 0.07 | 3,000 | |
09/16/2024 | 0.07 | 0.07 | 0.07 | 0.07 | 1,000.00 |
| 0.06 | 0.06 | 0.06 | 0.06 | 12,374 |
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Roadzen Trading Date Momentum on September 16, 2024
| On September 17 2024 Roadzen was traded for 0.06 at the closing time. The highest daily price throughout the period was 0.06 and the lowest price was 0.06 . The daily volume was 12.4 K. The net trading volume on 09/17/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 7.69% . The trading delta at closing time to current closing price is 3.69% . |
Roadzen Fundamentals Correlations and Trends
By evaluating Roadzen's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Roadzen's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Roadzen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Roadzen Stock history
Roadzen investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Roadzen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Roadzen will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Roadzen stock prices may prove useful in developing a viable investing in Roadzen
Roadzen Stock Technical Analysis
Roadzen technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Roadzen Period Price Range
Low | January 4, 2025
| High |
0.00 | 0.00 |
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Roadzen January 4, 2025 Market Strength
Market strength indicators help investors to evaluate how Roadzen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Roadzen shares will generate the highest return on investment. By undertsting and applying Roadzen stock market strength indicators, traders can identify Roadzen entry and exit signals to maximize returns
Roadzen Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Roadzen's price direction in advance. Along with the technical and fundamental analysis of Roadzen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Roadzen to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1543 | |||
| Jensen Alpha | 5.48 | |||
| Total Risk Alpha | 5.01 | |||
| Sortino Ratio | 0.3279 | |||
| Treynor Ratio | (12.81) |
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Additional Tools for Roadzen Stock Analysis
When running Roadzen's price analysis, check to measure Roadzen'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 Roadzen is operating at the current time. Most of Roadzen's value examination focuses on studying past and present price action to predict the probability of Roadzen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roadzen's price. Additionally, you may evaluate how the addition of Roadzen to your portfolios can decrease your overall portfolio volatility.