Rumbleon Stock Market Value
| RMBL Stock | USD 3.54 0.01 0.28% |
| Symbol | RumbleON |
Is Automotive Retail 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 RumbleON. If investors know RumbleON 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 RumbleON 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 RumbleON is measured differently than its book value, which is the value of RumbleON that is recorded on the company's balance sheet. Investors also form their own opinion of RumbleON's value that differs from its market value or its book value, called intrinsic value, which is RumbleON'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 RumbleON's market value can be influenced by many factors that don't directly affect RumbleON'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 RumbleON's value and its price as these two are different measures arrived at by different means. Investors typically determine if RumbleON is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RumbleON'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.
RumbleON '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 RumbleON'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 RumbleON.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in RumbleON on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding RumbleON or generate 0.0% return on investment in RumbleON over 90 days. RumbleON is related to or competes with Group 1, Penske Automotive, Lithia Motors, AutoNation, Asbury Automotive, CarGurus, and KAR Auction. RumbleON, Inc. operates a technology-based omnichannel platform to aggregate and distribute pre-owned vehicles in North ... More
RumbleON 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 RumbleON'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 RumbleON upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 17.12 | |||
| Value At Risk | (7.05) | |||
| Potential Upside | 5.06 |
RumbleON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RumbleON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RumbleON's standard deviation. In reality, there are many statistical measures that can use RumbleON historical prices to predict the future RumbleON's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.45) |
RumbleON Backtested Returns
RumbleON 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. RumbleON exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RumbleON's Risk Adjusted Performance of (0.13), coefficient of variation of (618.81), and Variance of 16.6 to confirm the risk estimate we provide. The company holds a Beta of 1.47, 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, RumbleON will likely underperform. At this point, RumbleON has a negative expected return of -0.66%. Please make sure to check RumbleON's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if RumbleON performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
RumbleON has good predictability. Overlapping area represents the amount of predictability between RumbleON time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 RumbleON price movement. The serial correlation of 0.66 indicates that around 66.0% of current RumbleON price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
RumbleON lagged returns against current returns
Autocorrelation, which is RumbleON 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 RumbleON's stock expected returns. We can calculate the autocorrelation of RumbleON returns to help us make a trade decision. For example, suppose you find that RumbleON 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 |
RumbleON 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 RumbleON stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RumbleON stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RumbleON stock over time.
Current vs Lagged Prices |
| Timeline |
RumbleON Lagged Returns
When evaluating RumbleON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RumbleON stock have on its future price. RumbleON 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, RumbleON autocorrelation shows the relationship between RumbleON stock current value and its past values and can show if there is a momentum factor associated with investing in RumbleON.
Regressed Prices |
| Timeline |
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RumbleON 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.