Reitar Logtech Holdings Stock Market Value
| RITR Stock | 3.94 0.23 5.52% |
| Symbol | Reitar |
Is Construction & Engineering 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 Reitar Logtech. If investors know Reitar 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 Reitar Logtech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.06 | Revenue Per Share 4.2 | Return On Assets 0.0789 | Return On Equity 0.2224 |
The market value of Reitar Logtech Holdings is measured differently than its book value, which is the value of Reitar that is recorded on the company's balance sheet. Investors also form their own opinion of Reitar Logtech's value that differs from its market value or its book value, called intrinsic value, which is Reitar Logtech'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 Reitar Logtech's market value can be influenced by many factors that don't directly affect Reitar Logtech'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 Reitar Logtech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reitar Logtech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reitar Logtech'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.
Reitar Logtech '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 Reitar Logtech'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 Reitar Logtech.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Reitar Logtech on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Reitar Logtech Holdings or generate 0.0% return on investment in Reitar Logtech over 30 days. Reitar Logtech is related to or competes with Academy Sports, Life Time, Constellation Brands, Willamette Valley, Ambev SA, Canlan Ice, and Compania Cervecerias. Reitar Logtech is entity of United States More
Reitar Logtech 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 Reitar Logtech'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 Reitar Logtech Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.69 | |||
| Information Ratio | 0.048 | |||
| Maximum Drawdown | 73.16 | |||
| Value At Risk | (10.96) | |||
| Potential Upside | 16.25 |
Reitar Logtech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reitar Logtech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reitar Logtech's standard deviation. In reality, there are many statistical measures that can use Reitar Logtech historical prices to predict the future Reitar Logtech's volatility.| Risk Adjusted Performance | 0.0497 | |||
| Jensen Alpha | 0.5609 | |||
| Total Risk Alpha | 0.2394 | |||
| Sortino Ratio | 0.0479 | |||
| Treynor Ratio | 0.6061 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Reitar Logtech's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Reitar Logtech Holdings Backtested Returns
Reitar Logtech appears to be dangerous, given 3 months investment horizon. Reitar Logtech Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.0517, which implies the firm had a 0.0517% return per unit of risk over the last 3 months. By analyzing Reitar Logtech's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please evaluate Reitar Logtech's Semi Deviation of 11.08, risk adjusted performance of 0.0497, and Coefficient Of Variation of 1965.28 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Reitar Logtech holds a performance score of 4. The company holds a Beta of 0.96, which implies possible diversification benefits within a given portfolio. Reitar Logtech returns are very sensitive to returns on the market. As the market goes up or down, Reitar Logtech is expected to follow. Please check Reitar Logtech's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Reitar Logtech's historical price patterns will revert.
Auto-correlation | 0.22 |
Weak predictability
Reitar Logtech Holdings has weak predictability. Overlapping area represents the amount of predictability between Reitar Logtech time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Reitar Logtech Holdings price movement. The serial correlation of 0.22 indicates that over 22.0% of current Reitar Logtech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Reitar Logtech Holdings lagged returns against current returns
Autocorrelation, which is Reitar Logtech 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 Reitar Logtech's stock expected returns. We can calculate the autocorrelation of Reitar Logtech returns to help us make a trade decision. For example, suppose you find that Reitar Logtech 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 |
Reitar Logtech 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 Reitar Logtech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reitar Logtech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reitar Logtech stock over time.
Current vs Lagged Prices |
| Timeline |
Reitar Logtech Lagged Returns
When evaluating Reitar Logtech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reitar Logtech stock have on its future price. Reitar Logtech 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, Reitar Logtech autocorrelation shows the relationship between Reitar Logtech stock current value and its past values and can show if there is a momentum factor associated with investing in Reitar Logtech Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Reitar Logtech
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 Reitar Logtech 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 Reitar Logtech will appreciate offsetting losses from the drop in the long position's value.Moving against Reitar Stock
| 0.44 | ORN | Orion Group Holdings | PairCorr |
| 0.41 | FIX | Comfort Systems USA | PairCorr |
| 0.39 | ACA | Arcosa Inc | PairCorr |
| 0.37 | APG | Api Group Corp | PairCorr |
| 0.34 | ESOA | Energy Services | PairCorr |
The ability to find closely correlated positions to Reitar Logtech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reitar Logtech 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 Reitar Logtech - 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 Reitar Logtech Holdings to buy it.
The correlation of Reitar Logtech 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 Reitar Logtech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Reitar Logtech Holdings 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 Reitar Logtech 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 Reitar Stock Analysis
When running Reitar Logtech's price analysis, check to measure Reitar Logtech'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 Reitar Logtech is operating at the current time. Most of Reitar Logtech's value examination focuses on studying past and present price action to predict the probability of Reitar Logtech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reitar Logtech's price. Additionally, you may evaluate how the addition of Reitar Logtech to your portfolios can decrease your overall portfolio volatility.