Ryder System Stock Market Value
| R Stock | USD 157.41 0.64 0.41% |
| Symbol | Ryder |
Ryder System Price To Book Ratio
Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ryder System. If investors know Ryder will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ryder System listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.07) | Dividend Share 2.94 | Earnings Share 10.68 | Revenue Per Share 286.19 | Quarterly Revenue Growth 0.083 |
The market value of Ryder System is measured differently than its book value, which is the value of Ryder that is recorded on the company's balance sheet. Investors also form their own opinion of Ryder System's value that differs from its market value or its book value, called intrinsic value, which is Ryder System's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ryder System's market value can be influenced by many factors that don't directly affect Ryder System's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ryder System's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ryder System is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ryder System's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Ryder System 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ryder System's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ryder System.
| 02/03/2023 |
| 12/24/2024 |
If you would invest 0.00 in Ryder System on February 3, 2023 and sell it all today you would earn a total of 0.00 from holding Ryder System or generate 0.0% return on investment in Ryder System over 690 days. Ryder System is related to or competes with AerCap Holdings, Alta Equipment, PROG Holdings, GATX, Custom Truck, Triton International, and Air Lease. Ryder System, Inc. operates as a logistics and transportation company worldwide More
Ryder System Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ryder System's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ryder System upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.0576 | |||
| Maximum Drawdown | 9.25 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 2.85 |
Ryder System Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ryder System's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ryder System's standard deviation. In reality, there are many statistical measures that can use Ryder System historical prices to predict the future Ryder System's volatility.| Risk Adjusted Performance | 0.0666 | |||
| Jensen Alpha | 0.0866 | |||
| Total Risk Alpha | 0.0704 | |||
| Sortino Ratio | 0.0622 | |||
| Treynor Ratio | 0.0848 |
Ryder System Backtested Returns
Currently, Ryder System is very steady. Ryder System maintains Sharpe Ratio (i.e., Efficiency) of 0.0626, which implies the firm had a 0.0626% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ryder System, which you can use to evaluate the volatility of the company. Please check Ryder System's Risk Adjusted Performance of 0.0666, coefficient of variation of 1290.8, and Semi Deviation of 1.38 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Ryder System has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 1.4, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ryder System will likely underperform. Ryder System right now holds a risk of 1.7%. Please check Ryder System sortino ratio, as well as the relationship between the semi variance and rate of daily change , to decide if Ryder System will be following its historical price patterns.
Auto-correlation | 0.82 |
Very good predictability
Ryder System has very good predictability. Overlapping area represents the amount of predictability between Ryder System time series from 3rd of February 2023 to 14th of January 2024 and 14th of January 2024 to 24th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ryder System price movement. The serial correlation of 0.82 indicates that around 82.0% of current Ryder System price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 314.67 |
Ryder System lagged returns against current returns
Autocorrelation, which is Ryder System stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ryder System's stock expected returns. We can calculate the autocorrelation of Ryder System returns to help us make a trade decision. For example, suppose you find that Ryder System has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ryder System regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ryder System stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ryder System stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ryder System stock over time.
Current vs Lagged Prices |
| Timeline |
Ryder System Lagged Returns
When evaluating Ryder System's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ryder System stock have on its future price. Ryder System autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ryder System autocorrelation shows the relationship between Ryder System stock current value and its past values and can show if there is a momentum factor associated with investing in Ryder System.
Regressed Prices |
| Timeline |
Pair Trading with Ryder System
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 Ryder System 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 Ryder System will appreciate offsetting losses from the drop in the long position's value.Moving together with Ryder Stock
Moving against Ryder Stock
The ability to find closely correlated positions to Ryder System could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ryder System 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 Ryder System - 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 Ryder System to buy it.
The correlation of Ryder System 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 Ryder System moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ryder System 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 Ryder System 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 Ryder Stock Analysis
When running Ryder System's price analysis, check to measure Ryder System'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 Ryder System is operating at the current time. Most of Ryder System's value examination focuses on studying past and present price action to predict the probability of Ryder System's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ryder System's price. Additionally, you may evaluate how the addition of Ryder System to your portfolios can decrease your overall portfolio volatility.