Rayonier Stock Market Value
| RYN Stock | USD 31.87 0.05 0.16% |
| Symbol | Rayonier |
Rayonier Price To Book Ratio
Is Specialized REITs 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. 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 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 0.488 | Dividend Share 1.14 | Earnings Share 1.07 | Revenue Per Share 6.753 | Quarterly Revenue Growth (0.03) |
The market value of Rayonier 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's value that differs from its market value or its book value, called intrinsic value, which is Rayonier'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's market value can be influenced by many factors that don't directly affect Rayonier'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rayonier is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rayonier'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 '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'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.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Rayonier on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Rayonier or generate 0.0% return on investment in Rayonier over 180 days. Rayonier is related to or competes with Weyerhaeuser, Lamar Advertising, Farmland Partners, Gladstone Land, PotlatchDeltic Corp, Gaming Leisure, and Crown Castle. Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwoo... More
Rayonier 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'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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.02 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.93 |
Rayonier Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rayonier's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rayonier's standard deviation. In reality, there are many statistical measures that can use Rayonier historical prices to predict the future Rayonier's volatility.| Risk Adjusted Performance | 0.0649 | |||
| Jensen Alpha | 0.0501 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.3582 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rayonier'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.
Rayonier Backtested Returns
As of now, Rayonier Stock is very steady. Rayonier maintains Sharpe Ratio (i.e., Efficiency) of 0.0638, which implies the firm had a 0.0638% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Rayonier, which you can use to evaluate the volatility of the company. Please check Rayonier's Risk Adjusted Performance of 0.0649, coefficient of variation of 1233.49, and Semi Deviation of 1.03 to confirm if the risk estimate we provide is consistent with the expected return of 0.0706%. Rayonier has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of 0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rayonier's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rayonier is expected to be smaller as well. Rayonier right now holds a risk of 1.11%. Please check Rayonier maximum drawdown, skewness, as well as the relationship between the Skewness and day typical price , to decide if Rayonier will be following its historical price patterns.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Rayonier has insignificant reverse predictability. Overlapping area represents the amount of predictability between Rayonier time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Rayonier price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Rayonier price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Rayonier lagged returns against current returns
Autocorrelation, which is Rayonier 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's stock expected returns. We can calculate the autocorrelation of Rayonier returns to help us make a trade decision. For example, suppose you find that Rayonier 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rayonier stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rayonier stock over time.
Current vs Lagged Prices |
| Timeline |
Rayonier Lagged Returns
When evaluating Rayonier's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rayonier stock have on its future price. Rayonier 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 autocorrelation shows the relationship between Rayonier stock current value and its past values and can show if there is a momentum factor associated with investing in Rayonier.
Regressed Prices |
| Timeline |
Pair Trading with Rayonier
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 Rayonier 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 Rayonier will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Rayonier could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rayonier 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 Rayonier - 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 Rayonier to buy it.
The correlation of Rayonier 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 Rayonier moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rayonier 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 Rayonier 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.Check out Rayonier Correlation, Rayonier Volatility and Rayonier Alpha and Beta module to complement your research on Rayonier. To learn how to invest in Rayonier Stock, please use our How to Invest in Rayonier guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Rayonier 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.