Roadzen Stock Market Value
| RDZN Stock | 2.49 0.31 14.22% |
| Symbol | Roadzen |
Roadzen Price To Book Ratio
Is Application Software 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 Roadzen. If investors know Roadzen 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 Roadzen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Roadzen is measured differently than its book value, which is the value of Roadzen that is recorded on the company's balance sheet. Investors also form their own opinion of Roadzen's value that differs from its market value or its book value, called intrinsic value, which is Roadzen'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 Roadzen's market value can be influenced by many factors that don't directly affect Roadzen'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 Roadzen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roadzen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roadzen'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.
Roadzen '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 Roadzen'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 Roadzen.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in Roadzen on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Roadzen or generate 0.0% return on investment in Roadzen over 30 days. Roadzen is related to or competes with Zoom Video, C3 Ai, Shopify, Workday, Intuit, Snowflake, and Atlassian Corp. Roadzen is entity of United States. It is traded as Stock on NASDAQ exchange. More
Roadzen 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 Roadzen'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 Roadzen upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.9 | |||
| Information Ratio | 0.1671 | |||
| Maximum Drawdown | 88.19 | |||
| Value At Risk | (12.09) | |||
| Potential Upside | 20.48 |
Roadzen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roadzen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roadzen's standard deviation. In reality, there are many statistical measures that can use Roadzen historical prices to predict the future Roadzen's volatility.| Risk Adjusted Performance | 0.1464 | |||
| Jensen Alpha | 2.03 | |||
| Total Risk Alpha | 1.85 | |||
| Sortino Ratio | 0.2042 | |||
| Treynor Ratio | 31.38 |
Roadzen Backtested Returns
Roadzen is dangerous given 3 months investment horizon. Roadzen maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 2.35% are justified by taking the suggested risk. Use Roadzen Coefficient Of Variation of 591.76, semi deviation of 8.06, and Risk Adjusted Performance of 0.1464 to evaluate company specific risk that cannot be diversified away. Roadzen holds a performance score of 14 on a scale of zero to a hundred. The company holds a Beta of 0.0648, which implies not very significant fluctuations relative to the market. As returns on the market increase, Roadzen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Roadzen is expected to be smaller as well. Use Roadzen downside variance, and the relationship between the total risk alpha and daily balance of power , to analyze future returns on Roadzen.
Auto-correlation | 0.45 |
Average predictability
Roadzen has average predictability. Overlapping area represents the amount of predictability between Roadzen time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Roadzen price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Roadzen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Roadzen lagged returns against current returns
Autocorrelation, which is Roadzen 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 Roadzen's stock expected returns. We can calculate the autocorrelation of Roadzen returns to help us make a trade decision. For example, suppose you find that Roadzen 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 |
Roadzen 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 Roadzen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roadzen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roadzen stock over time.
Current vs Lagged Prices |
| Timeline |
Roadzen Lagged Returns
When evaluating Roadzen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roadzen stock have on its future price. Roadzen 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, Roadzen autocorrelation shows the relationship between Roadzen stock current value and its past values and can show if there is a momentum factor associated with investing in Roadzen.
Regressed Prices |
| Timeline |
Pair Trading with Roadzen
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 Roadzen 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 Roadzen will appreciate offsetting losses from the drop in the long position's value.Moving together with Roadzen Stock
Moving against Roadzen Stock
| 0.74 | XELAP | Exela Technologies | PairCorr |
| 0.67 | VTEX | VTEX | PairCorr |
| 0.53 | VERB | VERB TECHNOLOGY PANY Tech Boost | PairCorr |
| 0.42 | DOMO | Domo Inc | PairCorr |
The ability to find closely correlated positions to Roadzen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Roadzen 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 Roadzen - 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 Roadzen to buy it.
The correlation of Roadzen 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 Roadzen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Roadzen 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 Roadzen 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 Roadzen Correlation, Roadzen Volatility and Roadzen Alpha and Beta module to complement your research on Roadzen. To learn how to invest in Roadzen Stock, please use our How to Invest in Roadzen guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Roadzen 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.