Redfin Corp Stock Market Value
| RDFN Stock | USD 8.35 0.19 2.22% |
| Symbol | Redfin |
Redfin Corp Price To Book Ratio
Is Real Estate Management & Development 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 Redfin Corp. If investors know Redfin 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 Redfin Corp 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 3.286 | Earnings Share (1.27) | Revenue Per Share 8.511 | Quarterly Revenue Growth 0.034 | Return On Assets (0.09) |
The market value of Redfin Corp is measured differently than its book value, which is the value of Redfin that is recorded on the company's balance sheet. Investors also form their own opinion of Redfin Corp's value that differs from its market value or its book value, called intrinsic value, which is Redfin Corp'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 Redfin Corp's market value can be influenced by many factors that don't directly affect Redfin Corp'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 Redfin Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Redfin Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Redfin Corp'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.
Redfin Corp '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 Redfin Corp'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 Redfin Corp.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Redfin Corp on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Redfin Corp or generate 0.0% return on investment in Redfin Corp over 30 days. Redfin Corp is related to or competes with CareTrust REIT, Global Medical, Universal Health, Healthpeak Properties, Healthcare Realty, Community Healthcare, and Sabra Healthcare. Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada More
Redfin Corp 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 Redfin Corp'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 Redfin Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 22.32 | |||
| Value At Risk | (7.11) | |||
| Potential Upside | 6.55 |
Redfin Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Redfin Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Redfin Corp's standard deviation. In reality, there are many statistical measures that can use Redfin Corp historical prices to predict the future Redfin Corp's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.31) |
Redfin Corp Backtested Returns
Redfin Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Redfin Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Redfin Corp's Variance of 19.71, risk adjusted performance of (0.1), and Coefficient Of Variation of (766.40) to confirm the risk estimate we provide. The company holds a Beta of 1.92, 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, Redfin Corp will likely underperform. At this point, Redfin Corp has a negative expected return of -0.49%. Please make sure to check Redfin Corp's treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Redfin Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Redfin Corp has good reverse predictability. Overlapping area represents the amount of predictability between Redfin Corp time series from 24th of November 2024 to 9th of December 2024 and 9th of December 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 Redfin Corp price movement. The serial correlation of -0.53 indicates that about 53.0% of current Redfin Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Redfin Corp lagged returns against current returns
Autocorrelation, which is Redfin Corp 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 Redfin Corp's stock expected returns. We can calculate the autocorrelation of Redfin Corp returns to help us make a trade decision. For example, suppose you find that Redfin Corp 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 |
Redfin Corp 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 Redfin Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Redfin Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Redfin Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Redfin Corp Lagged Returns
When evaluating Redfin Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Redfin Corp stock have on its future price. Redfin Corp 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, Redfin Corp autocorrelation shows the relationship between Redfin Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Redfin Corp.
Regressed Prices |
| Timeline |
Pair Trading with Redfin Corp
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 Redfin Corp 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 Redfin Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Redfin Stock
Moving against Redfin Stock
| 0.67 | IRS | IRSA Inversiones Y | PairCorr |
| 0.66 | LRE | Lead Real Estate | PairCorr |
| 0.64 | CBL | CBL Associates Properties | PairCorr |
| 0.55 | FRPH | Frp Holdings Ord | PairCorr |
| 0.54 | ZG | Zillow Group | PairCorr |
The ability to find closely correlated positions to Redfin Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Redfin Corp 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 Redfin Corp - 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 Redfin Corp to buy it.
The correlation of Redfin Corp 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 Redfin Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Redfin Corp 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 Redfin Corp 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.Check out Redfin Corp Correlation, Redfin Corp Volatility and Redfin Corp Alpha and Beta module to complement your research on Redfin Corp. To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Redfin Corp 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.