Root Inc Stock Market Value
| ROOT Stock | USD 99.81 0.75 0.76% |
| Symbol | Root |
Root Inc Price To Book Ratio
Is Property & Casualty Insurance 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 Root. If investors know Root 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 Root listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.15) | Revenue Per Share 71.061 | Quarterly Revenue Growth 1.651 | Return On Assets 0.0148 | Return On Equity (0.05) |
The market value of Root Inc is measured differently than its book value, which is the value of Root that is recorded on the company's balance sheet. Investors also form their own opinion of Root's value that differs from its market value or its book value, called intrinsic value, which is Root'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 Root's market value can be influenced by many factors that don't directly affect Root'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 Root's value and its price as these two are different measures arrived at by different means. Investors typically determine if Root is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Root'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.
Root '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 Root'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 Root.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Root on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Root Inc or generate 0.0% return on investment in Root over 690 days. Root is related to or competes with Selective Insurance, Donegal Group, Horace Mann, Global Indemnity, ProAssurance, Kemper, and RLI Corp. Root, Inc. provides insurance products and services in the United States More
Root 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 Root'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 Root Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.47 | |||
| Information Ratio | 0.1497 | |||
| Maximum Drawdown | 76.67 | |||
| Value At Risk | (6.07) | |||
| Potential Upside | 8.58 |
Root Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Root's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Root's standard deviation. In reality, there are many statistical measures that can use Root historical prices to predict the future Root's volatility.| Risk Adjusted Performance | 0.134 | |||
| Jensen Alpha | 1.58 | |||
| Total Risk Alpha | 0.1075 | |||
| Sortino Ratio | 0.4108 | |||
| Treynor Ratio | (4.22) |
Root Inc Backtested Returns
Root is somewhat reliable given 3 months investment horizon. Root Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.77% are justified by taking the suggested risk. Use Root Risk Adjusted Performance of 0.134, semi deviation of 2.87, and Coefficient Of Variation of 613.81 to evaluate company specific risk that cannot be diversified away. Root holds a performance score of 14 on a scale of zero to a hundred. The company holds a Beta of -0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Root are expected to decrease at a much lower rate. During the bear market, Root is likely to outperform the market. Use Root potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to analyze future returns on Root.
Auto-correlation | 0.29 |
Poor predictability
Root Inc has poor predictability. Overlapping area represents the amount of predictability between Root time series from 9th of January 2023 to 20th of December 2023 and 20th 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 Root Inc price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Root price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 557.41 |
Root Inc lagged returns against current returns
Autocorrelation, which is Root 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 Root's stock expected returns. We can calculate the autocorrelation of Root returns to help us make a trade decision. For example, suppose you find that Root 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 |
Root 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 Root stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Root stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Root stock over time.
Current vs Lagged Prices |
| Timeline |
Root Lagged Returns
When evaluating Root's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Root stock have on its future price. Root 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, Root autocorrelation shows the relationship between Root stock current value and its past values and can show if there is a momentum factor associated with investing in Root Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Root Stock Analysis
When running Root's price analysis, check to measure Root'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 Root is operating at the current time. Most of Root's value examination focuses on studying past and present price action to predict the probability of Root's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Root's price. Additionally, you may evaluate how the addition of Root to your portfolios can decrease your overall portfolio volatility.