Radnet Inc Stock Market Value
| RDNT Stock | USD 82.49 1.04 1.28% |
| Symbol | RadNet |
RadNet Inc Price To Book Ratio
Is Health Care Providers & Services 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 RadNet. If investors know RadNet 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 RadNet 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 (0.84) | Earnings Share (0.07) | Revenue Per Share 24.819 | Quarterly Revenue Growth 0.147 | Return On Assets 0.0239 |
The market value of RadNet Inc is measured differently than its book value, which is the value of RadNet that is recorded on the company's balance sheet. Investors also form their own opinion of RadNet's value that differs from its market value or its book value, called intrinsic value, which is RadNet'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 RadNet's market value can be influenced by many factors that don't directly affect RadNet'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 RadNet's value and its price as these two are different measures arrived at by different means. Investors typically determine if RadNet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RadNet'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.
RadNet '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 RadNet'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 RadNet.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in RadNet on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding RadNet Inc or generate 0.0% return on investment in RadNet over 720 days. RadNet is related to or competes with Sotera Health, Neogen, Myriad Genetics, BioAffinity Technologies, Biodesix, Fonar, and Exagen. RadNet, Inc., together with its subsidiaries, provides outpatient diagnostic imaging services in the United States More
RadNet 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 RadNet'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 RadNet Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.0931 | |||
| Maximum Drawdown | 22.33 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 3.77 |
RadNet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RadNet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RadNet's standard deviation. In reality, there are many statistical measures that can use RadNet historical prices to predict the future RadNet's volatility.| Risk Adjusted Performance | 0.1087 | |||
| Jensen Alpha | 0.256 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1386 | |||
| Treynor Ratio | 0.2998 |
RadNet Inc Backtested Returns
RadNet appears to be very steady, given 3 months investment horizon. RadNet Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing RadNet's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please evaluate RadNet's Risk Adjusted Performance of 0.1087, coefficient of variation of 757.8, and Semi Deviation of 1.83 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RadNet holds a performance score of 12. The company holds a Beta of 1.39, 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, RadNet will likely underperform. Please check RadNet's semi variance, and the relationship between the sortino ratio and rate of daily change , to make a quick decision on whether RadNet's historical price patterns will revert.
Auto-correlation | 0.84 |
Very good predictability
RadNet Inc has very good predictability. Overlapping area represents the amount of predictability between RadNet time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th of November 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 RadNet Inc price movement. The serial correlation of 0.84 indicates that around 84.0% of current RadNet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 167.5 |
RadNet Inc lagged returns against current returns
Autocorrelation, which is RadNet 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 RadNet's stock expected returns. We can calculate the autocorrelation of RadNet returns to help us make a trade decision. For example, suppose you find that RadNet 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 |
RadNet 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 RadNet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RadNet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RadNet stock over time.
Current vs Lagged Prices |
| Timeline |
RadNet Lagged Returns
When evaluating RadNet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RadNet stock have on its future price. RadNet 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, RadNet autocorrelation shows the relationship between RadNet stock current value and its past values and can show if there is a momentum factor associated with investing in RadNet Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for RadNet Stock Analysis
When running RadNet's price analysis, check to measure RadNet'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 RadNet is operating at the current time. Most of RadNet's value examination focuses on studying past and present price action to predict the probability of RadNet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RadNet's price. Additionally, you may evaluate how the addition of RadNet to your portfolios can decrease your overall portfolio volatility.