Quest Partners LLC Buys Shares of 18,890 Red Rock Resorts, Inc. - MarketBeat
| RRR Stock | USD 46.24 0.20 0.43% |
Slightly above 62% of Red Rock's investor base is looking to short. The analysis of overall sentiment of trading Red Rock Resorts stock suggests that many investors are alarmed at this time. Red Rock's investing sentiment overview a quick insight into current market opportunities from investing in Red Rock Resorts. Many technical investors use Red Rock Resorts stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Quest Partners LLC Buys Shares of 18,890 Red Rock Resorts, Inc. MarketBeat
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Red Rock Fundamental Analysis
We analyze Red Rock's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Red Rock using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Red Rock 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.
Price To Earning
Price To Earning Comparative Analysis
Red Rock is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Red Rock Resorts Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Red Rock stock to make a market-neutral strategy. Peer analysis of Red Rock could also be used in its relative valuation, which is a method of valuing Red Rock by comparing valuation metrics with similar companies.
Peers
Red Rock Related Equities
| CNTY | Century Casinos | 9.09 | ||||
| PLYA | Playa Hotels | 2.26 | ||||
| CZR | Caesars Entertainment | 1.83 | ||||
| LVS | Las Vegas | 1.30 | ||||
| FLL | Full House | 1.24 | ||||
| MGM | MGM Resorts | 0.87 | ||||
| WYNN | Wynn Resorts | 0.38 | ||||
| BALY | Ballys Corp | 0.22 | ||||
| MCRI | Monarch Casino | 1.47 | ||||
| GDEN | Golden Entertainment | 1.52 | ||||
| MSC | Studio City | 1.77 |
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.