Remitly Global Stock Price on July 12, 2023
| RELY Stock | USD 22.57 0.13 0.57% |
If you're considering investing in Remitly Stock, it is important to understand the factors that can impact its price. As of today, the current price of Remitly Global stands at 22.57, as last reported on the 1st of January, with the highest price reaching 23.06 and the lowest price hitting 22.41 during the day. Remitly Global appears to be very steady, given 3 months investment horizon. Remitly Global maintains Sharpe Ratio (i.e., Efficiency) of 0.32, which implies the firm had a 0.32% return per unit of risk over the last 3 months. By analyzing Remitly Global's technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please evaluate Remitly Global's Semi Deviation of 0.709, risk adjusted performance of 0.2678, and Coefficient Of Variation of 309.3 to confirm if our risk estimates are consistent with your expectations.
Remitly Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Remitly |
Sharpe Ratio = 0.3233
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | RELY | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.93 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.95 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.32 actual daily | 25 75% of assets perform better |
Based on monthly moving average Remitly Global is performing at about 25% 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 Remitly Global by adding it to a well-diversified portfolio.
Remitly Global Valuation on July 12, 2023
It is possible to determine the worth of Remitly Global on a given historical date. On July 12, 2023 Remitly was worth 19.27 at the beginning of the trading date compared to the closed value of 19.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Remitly Global stock. Still, in general, we apply an absolute valuation method to find Remitly Global'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 Remitly Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Remitly Global's related companies.
| Open | High | Low | Close | Volume | |
| 18.54 | 19.05 | 18.46 | 18.94 | 529,400 | |
07/12/2023 | 19.27 | 19.30 | 18.79 | 19.11 | 429,558 |
| 19.24 | 19.98 | 19.24 | 19.95 | 676,022 |
| Backtest Remitly Global | | | Remitly Global History | | | Remitly Global Valuation | Previous | Next |
Remitly Global Trading Date Momentum on July 12, 2023
| On July 13 2023 Remitly Global was traded for 19.95 at the closing time. The top price for the day was 19.98 and the lowest listed price was 19.24 . The trading volume for the day was 676 K. The trading history from July 13, 2023 was a factor to the next trading day price jump. The trading delta at closing time against the next closing price was 4.40% . The trading delta at closing time against the current closing price is 0.63% . |
Remitly Global Fundamentals Correlations and Trends
By evaluating Remitly Global'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 Remitly Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Remitly financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Remitly Global Stock history
Remitly Global 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 Remitly is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Remitly Global 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 Remitly Global stock prices may prove useful in developing a viable investing in Remitly Global
Remitly Global, Inc. provides digital financial services for immigrants and their families. The company was incorporated in 2011 and is headquartered in Seattle, Washington. Remitly Global operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 1800 people.
Remitly Global Stock Technical Analysis
Remitly Global 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
Remitly Global Period Price Range
Low | January 1, 2025
| High |
0.00 | 0.00 |
Remitly Global cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Remitly Global January 1, 2025 Market Strength
Market strength indicators help investors to evaluate how Remitly Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Remitly Global shares will generate the highest return on investment. By undertsting and applying Remitly Global stock market strength indicators, traders can identify Remitly Global entry and exit signals to maximize returns
Remitly Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Remitly Global's price direction in advance. Along with the technical and fundamental analysis of Remitly Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Remitly 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 | 0.2678 | |||
| Jensen Alpha | 0.9368 | |||
| Total Risk Alpha | 0.9342 | |||
| Sortino Ratio | 0.6804 | |||
| Treynor Ratio | 1.97 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Remitly Stock Analysis
When running Remitly Global's price analysis, check to measure Remitly Global'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 Remitly Global is operating at the current time. Most of Remitly Global's value examination focuses on studying past and present price action to predict the probability of Remitly Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Remitly Global's price. Additionally, you may evaluate how the addition of Remitly Global to your portfolios can decrease your overall portfolio volatility.