Retractable Technologies Stock Market Value
| RVP Stock | USD 0.62 0.01 1.64% |
| Symbol | Retractable |
Retractable Technologies Price To Book Ratio
Is Health Care Equipment & Supplies 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 Retractable Technologies. If investors know Retractable 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 Retractable Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.67) | Earnings Share (0.53) | Revenue Per Share 1.278 | Quarterly Revenue Growth (0.24) | Return On Assets (0.04) |
The market value of Retractable Technologies is measured differently than its book value, which is the value of Retractable that is recorded on the company's balance sheet. Investors also form their own opinion of Retractable Technologies' value that differs from its market value or its book value, called intrinsic value, which is Retractable Technologies' 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 Retractable Technologies' market value can be influenced by many factors that don't directly affect Retractable Technologies' 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 Retractable Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Retractable Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Retractable Technologies' 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.
Retractable Technologies '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 Retractable Technologies' 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 Retractable Technologies.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Retractable Technologies on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Retractable Technologies or generate 0.0% return on investment in Retractable Technologies over 30 days. Retractable Technologies is related to or competes with Milestone Scientific, CarPartsCom, OncoCyte Corp, Alpha Pro, and InfuSystems Holdings. Retractable Technologies, Inc. designs, develops, manufactures, and markets safety syringes and other safety medical pro... More
Retractable Technologies 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 Retractable Technologies' 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 Retractable Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 15.53 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 3.51 |
Retractable Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Retractable Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Retractable Technologies' standard deviation. In reality, there are many statistical measures that can use Retractable Technologies historical prices to predict the future Retractable Technologies' volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | (1.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Retractable Technologies' 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.
Retractable Technologies Backtested Returns
Retractable Technologies maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the firm had a -0.2% return per unit of risk over the last 3 months. Retractable Technologies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Retractable Technologies' Coefficient Of Variation of (508.92), variance of 9.24, and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide. The company holds a Beta of 0.46, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Retractable Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Retractable Technologies is expected to be smaller as well. At this point, Retractable Technologies has a negative expected return of -0.6%. Please make sure to check Retractable Technologies' maximum drawdown and rate of daily change , to decide if Retractable Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Retractable Technologies has below average predictability. Overlapping area represents the amount of predictability between Retractable Technologies time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Retractable Technologies price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Retractable Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Retractable Technologies lagged returns against current returns
Autocorrelation, which is Retractable Technologies 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 Retractable Technologies' stock expected returns. We can calculate the autocorrelation of Retractable Technologies returns to help us make a trade decision. For example, suppose you find that Retractable Technologies 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 |
Retractable Technologies 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 Retractable Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Retractable Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Retractable Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Retractable Technologies Lagged Returns
When evaluating Retractable Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Retractable Technologies stock have on its future price. Retractable Technologies 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, Retractable Technologies autocorrelation shows the relationship between Retractable Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Retractable Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Retractable Technologies
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 Retractable Technologies 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 Retractable Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Retractable Stock
Moving against Retractable Stock
| 0.81 | WGS | GeneDx Holdings Corp | PairCorr |
| 0.75 | LNSR | LENSAR Inc | PairCorr |
| 0.71 | VREX | Varex Imaging Corp | PairCorr |
| 0.62 | VMD | Viemed Healthcare | PairCorr |
| 0.57 | CAH | Cardinal Health | PairCorr |
The ability to find closely correlated positions to Retractable Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Retractable Technologies 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 Retractable Technologies - 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 Retractable Technologies to buy it.
The correlation of Retractable Technologies 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 Retractable Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Retractable Technologies 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 Retractable Technologies 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 Retractable Stock Analysis
When running Retractable Technologies' price analysis, check to measure Retractable Technologies' 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 Retractable Technologies is operating at the current time. Most of Retractable Technologies' value examination focuses on studying past and present price action to predict the probability of Retractable Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Retractable Technologies' price. Additionally, you may evaluate how the addition of Retractable Technologies to your portfolios can decrease your overall portfolio volatility.