RLX TECH Financials
| 3CM Stock | EUR 1.85 0.05 2.78% |
RLX |
Understanding current and past RLX TECH Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of RLX TECH's financial statements are interrelated, with each one affecting the others. For example, an increase in RLX TECH's assets may result in an increase in income on the income statement.
RLX TECH Stock Summary
RLX TECH competes with INFORMATION SVC, Check Point, MACOM Technology, DATAGROUP, and PKSHA TECHNOLOGY. Cannvas MedTech Inc. operates as a business technology company within the health sciences sector in the United States and internationally. Cannvas MedTech Inc. was incorporated in 2014 and is headquartered in Vancouver, Canada. CANNVAS MEDTECH is traded on Frankfurt Stock Exchange in Germany.| Instrument | Germany Stock View All |
| Exchange | Frankfurt Exchange |
| ISIN | US74969N1037 |
| Business Address | 750 West Pender |
| Sector | Technology |
| Industry | Health Information Services |
| Benchmark | Dow Jones Industrial |
| Website | www.cannvas.com |
| Currency | EUR - Euro |
You should never invest in RLX TECH without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of RLX Stock, because this is throwing your money away. Analyzing the key information contained in RLX TECH's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
RLX TECH Key Financial Ratios
There are many critical financial ratios that RLX TECH's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that RLX TECH SPADR1 reports annually and quarterly.| Return On Equity | 0.15 | |||
| Return On Asset | 0.0782 | |||
| Target Price | 4.23 | |||
| Beta | 0.41 |
RLX Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining RLX TECH's current stock value. Our valuation model uses many indicators to compare RLX TECH value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across RLX TECH competition to find correlations between indicators driving RLX TECH's intrinsic value. More Info.RLX TECH SPADR1 is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.53 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for RLX TECH SPADR1 is roughly 1.89 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the RLX TECH's earnings, one of the primary drivers of an investment's value.RLX TECH SPADR1 Systematic Risk
RLX TECH's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. RLX TECH volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on RLX TECH SPADR1 correlated with the market. If Beta is less than 0 RLX TECH generally moves in the opposite direction as compared to the market. If RLX TECH Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one RLX TECH SPADR1 is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of RLX TECH is generally in the same direction as the market. If Beta > 1 RLX TECH moves generally in the same direction as, but more than the movement of the benchmark.
RLX TECH November 30, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of RLX TECH help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of RLX TECH SPADR1. We use our internally-developed statistical techniques to arrive at the intrinsic value of RLX TECH SPADR1 based on widely used predictive technical indicators. In general, we focus on analyzing RLX Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build RLX TECH's daily price indicators and compare them against related drivers.
| Downside Deviation | 3.47 | |||
| Information Ratio | 0.0765 | |||
| Maximum Drawdown | 16.93 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 6.88 |
Complementary Tools for RLX Stock analysis
When running RLX TECH's price analysis, check to measure RLX TECH'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 RLX TECH is operating at the current time. Most of RLX TECH's value examination focuses on studying past and present price action to predict the probability of RLX TECH's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RLX TECH's price. Additionally, you may evaluate how the addition of RLX TECH to your portfolios can decrease your overall portfolio volatility.
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