Rayonier Advanced Materials Stock Market Value
| RYAM Stock | USD 7.29 0.37 4.83% |
| Symbol | Rayonier |
Rayonier Advanced Price To Book Ratio
Is Specialty Chemicals 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 Rayonier Advanced. If investors know Rayonier 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 Rayonier Advanced 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 (0.70) | Earnings Share (1.35) | Revenue Per Share 24.85 | Quarterly Revenue Growth 0.088 | Return On Assets 0.0192 |
The market value of Rayonier Advanced is measured differently than its book value, which is the value of Rayonier that is recorded on the company's balance sheet. Investors also form their own opinion of Rayonier Advanced's value that differs from its market value or its book value, called intrinsic value, which is Rayonier Advanced'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 Rayonier Advanced's market value can be influenced by many factors that don't directly affect Rayonier Advanced'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 Rayonier Advanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rayonier Advanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rayonier Advanced'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.
Rayonier Advanced '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 Rayonier Advanced'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 Rayonier Advanced.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Rayonier Advanced on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Rayonier Advanced Materials or generate 0.0% return on investment in Rayonier Advanced over 30 days. Rayonier Advanced is related to or competes with Methanex, AdvanSix, Green Plains, Tronox Holdings, Valhi, Lsb Industries, and Huntsman. Rayonier Advanced Materials Inc. manufactures and sells cellulose specialty products in the United States, China, Canada... More
Rayonier Advanced 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 Rayonier Advanced'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 Rayonier Advanced Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 24.72 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 5.99 |
Rayonier Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rayonier Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rayonier Advanced's standard deviation. In reality, there are many statistical measures that can use Rayonier Advanced historical prices to predict the future Rayonier Advanced's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.18) |
Rayonier Advanced Backtested Returns
Rayonier Advanced maintains Sharpe Ratio (i.e., Efficiency) of -0.0247, which implies the firm had a -0.0247% return per unit of risk over the last 3 months. Rayonier Advanced exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rayonier Advanced's Coefficient Of Variation of (7,136), insignificant risk adjusted performance, and Variance of 13.45 to confirm the risk estimate we provide. The company holds a Beta of 0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rayonier Advanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rayonier Advanced is expected to be smaller as well. At this point, Rayonier Advanced has a negative expected return of -0.0898%. Please make sure to check Rayonier Advanced's total risk alpha, as well as the relationship between the skewness and day median price , to decide if Rayonier Advanced performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.89 |
Very good predictability
Rayonier Advanced Materials has very good predictability. Overlapping area represents the amount of predictability between Rayonier Advanced 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 Rayonier Advanced price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Rayonier Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Rayonier Advanced lagged returns against current returns
Autocorrelation, which is Rayonier Advanced 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 Rayonier Advanced's stock expected returns. We can calculate the autocorrelation of Rayonier Advanced returns to help us make a trade decision. For example, suppose you find that Rayonier Advanced 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 |
Rayonier Advanced 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 Rayonier Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rayonier Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rayonier Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Rayonier Advanced Lagged Returns
When evaluating Rayonier Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rayonier Advanced stock have on its future price. Rayonier Advanced 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, Rayonier Advanced autocorrelation shows the relationship between Rayonier Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Rayonier Advanced Materials.
Regressed Prices |
| Timeline |
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