Reitar Logtech Holdings Stock Beta
| RITR Stock | 4.03 0.09 2.28% |
Reitar Logtech Holdings fundamentals help investors to digest information that contributes to Reitar Logtech's financial success or failures. It also enables traders to predict the movement of Reitar Stock. The fundamental analysis module provides a way to measure Reitar Logtech's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Reitar Logtech stock.
Reitar | Beta |
Reitar Logtech Holdings Company Beta Analysis
Reitar Logtech's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Reitar Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Reitar Logtech is extremely important. It helps to project a fair market value of Reitar Stock properly, considering its historical fundamentals such as Beta. Since Reitar Logtech's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Reitar Logtech's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Reitar Logtech's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Reitar Logtech Holdings has a Beta of 0.0. This is 100.0% lower than that of the Construction & Engineering sector and 100.0% lower than that of the Industrials industry. The beta for all United States stocks is 100.0% lower than that of the firm.
Reitar Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Reitar Logtech's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Reitar Logtech could also be used in its relative valuation, which is a method of valuing Reitar Logtech by comparing valuation metrics of similar companies.Reitar Logtech is currently under evaluation in beta category among its peers.
Reitar Fundamentals
| Return On Equity | 0.22 | ||||
| Return On Asset | 0.0789 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 289.83 M | ||||
| Shares Outstanding | 42.44 M | ||||
| Shares Owned By Insiders | 66.77 % | ||||
| Number Of Shares Shorted | 53.82 K | ||||
| Price To Book | 22.59 X | ||||
| Price To Sales | 1.13 X | ||||
| Revenue | 251.98 M | ||||
| EBITDA | 30.58 M | ||||
| Total Debt | 40.85 M | ||||
| Book Value Per Share | 1.64 X | ||||
| Short Ratio | 0.05 X | ||||
| Earnings Per Share | 0.06 X | ||||
| Number Of Employees | 52 | ||||
| Market Capitalization | 284.74 M | ||||
| Total Asset | 242.82 M | ||||
| Retained Earnings | 89.89 M | ||||
| Working Capital | 45.05 M | ||||
| Net Asset | 242.82 M |
About Reitar Logtech Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Reitar Logtech Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Reitar Logtech using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Reitar Logtech Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Reitar Logtech
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 Reitar Logtech 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 Reitar Logtech will appreciate offsetting losses from the drop in the long position's value.Moving against Reitar Stock
| 0.44 | ORN | Orion Group Holdings | PairCorr |
| 0.41 | FIX | Comfort Systems USA | PairCorr |
| 0.39 | ACA | Arcosa Inc | PairCorr |
| 0.37 | APG | Api Group Corp | PairCorr |
| 0.34 | ESOA | Energy Services | PairCorr |
The ability to find closely correlated positions to Reitar Logtech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reitar Logtech 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 Reitar Logtech - 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 Reitar Logtech Holdings to buy it.
The correlation of Reitar Logtech 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 Reitar Logtech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Reitar Logtech Holdings 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 Reitar Logtech 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 Reitar Stock Analysis
When running Reitar Logtech's price analysis, check to measure Reitar Logtech'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 Reitar Logtech is operating at the current time. Most of Reitar Logtech's value examination focuses on studying past and present price action to predict the probability of Reitar Logtech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reitar Logtech's price. Additionally, you may evaluate how the addition of Reitar Logtech to your portfolios can decrease your overall portfolio volatility.