Rekor Systems Stock Market Value
| REKR Stock | USD 0.84 0.05 5.62% |
| Symbol | Rekor |
Rekor Systems 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 Rekor Systems. If investors know Rekor 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 Rekor Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.65) | Revenue Per Share 0.566 | Quarterly Revenue Growth 0.451 | Return On Assets (0.29) | Return On Equity (1.14) |
The market value of Rekor Systems is measured differently than its book value, which is the value of Rekor that is recorded on the company's balance sheet. Investors also form their own opinion of Rekor Systems' value that differs from its market value or its book value, called intrinsic value, which is Rekor Systems' 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 Rekor Systems' market value can be influenced by many factors that don't directly affect Rekor Systems' 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 Rekor Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Rekor Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rekor Systems' 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.
Rekor Systems '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 Rekor Systems' 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 Rekor Systems.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Rekor Systems on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Rekor Systems or generate 0.0% return on investment in Rekor Systems over 30 days. Rekor Systems is related to or competes with Aurora Mobile, Arqit Quantum, Bridgeline Digital, Repay Holdings, NetScout Systems, Evertec, and MicroAlgo. Rekor Systems, Inc., through its subsidiaries, develops and implements transformative mission-critical intelligent infra... More
Rekor Systems 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 Rekor Systems' 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 Rekor Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 25.24 | |||
| Value At Risk | (6.78) | |||
| Potential Upside | 7.27 |
Rekor Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rekor Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rekor Systems' standard deviation. In reality, there are many statistical measures that can use Rekor Systems historical prices to predict the future Rekor Systems' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.70) | |||
| Total Risk Alpha | (1.12) | |||
| Treynor Ratio | (0.27) |
Rekor Systems Backtested Returns
Rekor Systems maintains Sharpe Ratio (i.e., Efficiency) of -0.0886, which implies the firm had a -0.0886% return per unit of risk over the last 3 months. Rekor Systems exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rekor Systems' Variance of 20.22, coefficient of variation of (901.29), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The company holds a Beta of 1.86, 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, Rekor Systems will likely underperform. At this point, Rekor Systems has a negative expected return of -0.4%. Please make sure to check Rekor Systems' potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Rekor Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.91 |
Excellent predictability
Rekor Systems has excellent predictability. Overlapping area represents the amount of predictability between Rekor Systems time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Rekor Systems price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Rekor Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rekor Systems lagged returns against current returns
Autocorrelation, which is Rekor Systems 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 Rekor Systems' stock expected returns. We can calculate the autocorrelation of Rekor Systems returns to help us make a trade decision. For example, suppose you find that Rekor Systems 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 |
Rekor Systems 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 Rekor Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rekor Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rekor Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Rekor Systems Lagged Returns
When evaluating Rekor Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rekor Systems stock have on its future price. Rekor Systems 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, Rekor Systems autocorrelation shows the relationship between Rekor Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Rekor Systems.
Regressed Prices |
| Timeline |
Pair Trading with Rekor Systems
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 Rekor Systems 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 Rekor Systems will appreciate offsetting losses from the drop in the long position's value.Moving against Rekor Stock
| 0.83 | DLO | Dlocal | PairCorr |
| 0.74 | NN | Nextnav Acquisition Corp Downward Rally | PairCorr |
| 0.68 | FIVN | Five9 Inc | PairCorr |
| 0.67 | GEN | Gen Digital | PairCorr |
| 0.66 | FLYW | Flywire Corp | PairCorr |
The ability to find closely correlated positions to Rekor Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rekor Systems 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 Rekor Systems - 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 Rekor Systems to buy it.
The correlation of Rekor Systems 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 Rekor Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rekor Systems 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 Rekor Systems 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 Rekor Stock Analysis
When running Rekor Systems' price analysis, check to measure Rekor Systems' 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 Rekor Systems is operating at the current time. Most of Rekor Systems' value examination focuses on studying past and present price action to predict the probability of Rekor Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rekor Systems' price. Additionally, you may evaluate how the addition of Rekor Systems to your portfolios can decrease your overall portfolio volatility.