RideNow Stock Forward View
| RDNW Stock | 5.68 0.31 5.77% |
RideNow Stock outlook is based on your current time horizon.
At this time the value of rsi of RideNow's share price is below 20 indicating that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
EPS Estimate Current Year (1.45) | EPS Estimate Next Year (0.30) | Wall Street Target Price 3.5 | Quarterly Revenue Growth (0.05) |
Using RideNow hype-based prediction, you can estimate the value of RideNow Group from the perspective of RideNow response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards RideNow using RideNow's stock options and short interest. It helps to benchmark the overall future attitude of investors towards RideNow using crowd psychology based on the activity and movement of RideNow's stock price.
RideNow Implied Volatility | 1.24 |
RideNow's implied volatility exposes the market's sentiment of RideNow Group stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if RideNow's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that RideNow stock will not fluctuate a lot when RideNow's options are near their expiration.
The Naive Prediction forecasted value of RideNow Group on the next trading day is expected to be 5.77 with a mean absolute deviation of 0.19 and the sum of the absolute errors of 11.88. RideNow after-hype prediction price | USD 5.65 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of RideNow to cross-verify your projections. Open Interest Against 2026-03-20 RideNow Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast RideNow's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in RideNow's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for RideNow stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current RideNow's open interest, investors have to compare it to RideNow's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of RideNow is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in RideNow. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
RideNow Additional Predictive Modules
Most predictive techniques to examine RideNow price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for RideNow using various technical indicators. When you analyze RideNow charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the RideNow's financial statements to predict how it will affect future prices.
Cash | First Reported 2014-03-31 | Previous Quarter 59.8 M | Current Value 35.4 M | Quarterly Volatility 27.3 M |
RideNow Naive Prediction Price Forecast For the 8th of February
Given 90 days horizon, the Naive Prediction forecasted value of RideNow Group on the next trading day is expected to be 5.77 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.06, and the sum of the absolute errors of 11.88.Please note that although there have been many attempts to predict RideNow Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that RideNow's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
RideNow Stock Forecast Pattern
| Backtest RideNow | RideNow Price Prediction | Research Analysis |
RideNow Forecasted Value
In the context of forecasting RideNow's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. RideNow's downside and upside margins for the forecasting period are 2.25 and 9.28, respectively. We have considered RideNow's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of RideNow stock data series using in forecasting. Note that when a statistical model is used to represent RideNow stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 117.1333 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1916 |
| MAPE | Mean absolute percentage error | 0.0348 |
| SAE | Sum of the absolute errors | 11.8772 |
Predictive Modules for RideNow
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RideNow Group. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.RideNow After-Hype Price Density Analysis
As far as predicting the price of RideNow at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in RideNow or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of RideNow, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
RideNow Estimiated After-Hype Price Volatility
In the context of predicting RideNow's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on RideNow's historical news coverage. RideNow's after-hype downside and upside margins for the prediction period are 2.14 and 9.16, respectively. We have considered RideNow's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
RideNow is slightly risky at this time. Analysis and calculation of next after-hype price of RideNow Group is based on 3 months time horizon.
RideNow Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as RideNow is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading RideNow backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with RideNow, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.30 | 3.51 | 0.03 | 0.01 | 5 Events / Month | 1 Events / Month | In about 5 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
5.68 | 5.65 | 0.53 |
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RideNow Hype Timeline
RideNow Group is at this time traded for 5.68. The entity has historical hype elasticity of -0.03, and average elasticity to hype of competition of -0.01. RideNow is estimated to decline in value after the next headline, with the price expected to drop to 5.65. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next news is expected to be -0.53%, whereas the daily expected return is at this time at 0.3%. The volatility of related hype on RideNow is about 11700.0%, with the expected price after the next announcement by competition of 5.67. About 40.0% of the company outstanding shares are owned by corporate insiders. The company recorded a loss per share of 2.8. RideNow Group had not issued any dividends in recent years. The entity had 1:20 split on the 20th of May 2020. Given the investment horizon of 90 days the next estimated press release will be in about 5 days. Check out Historical Fundamental Analysis of RideNow to cross-verify your projections.RideNow Related Hype Analysis
Having access to credible news sources related to RideNow's direct competition is more important than ever and may enhance your ability to predict RideNow's future price movements. Getting to know how RideNow's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how RideNow may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| VLTA | Volta Industries | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| XL | XL Fleet Corp | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| POL | Polished | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FFAI | Faraday Future Intelligent | (0.03) | 11 per month | 0.00 | (0.15) | 8.11 | (8.66) | 32.37 | |
| QVCGA | QVC Group | (0.25) | 8 per month | 8.86 | 0.03 | 14.97 | (9.85) | 41.44 | |
| APRN | Blue Apron Holdings | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| GORV | Lazydays Holdings | 0.01 | 6 per month | 0.00 | (0.23) | 13.27 | (22.68) | 54.71 | |
| CZOO | Cazoo Group | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FSRNQ | Fisker Inc | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Other Forecasting Options for RideNow
For every potential investor in RideNow, whether a beginner or expert, RideNow's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. RideNow Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in RideNow. Basic forecasting techniques help filter out the noise by identifying RideNow's price trends.RideNow Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with RideNow stock to make a market-neutral strategy. Peer analysis of RideNow could also be used in its relative valuation, which is a method of valuing RideNow by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
RideNow Market Strength Events
Market strength indicators help investors to evaluate how RideNow stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RideNow shares will generate the highest return on investment. By undertsting and applying RideNow stock market strength indicators, traders can identify RideNow Group entry and exit signals to maximize returns.
| Accumulation Distribution | 7531.15 | |||
| Daily Balance Of Power | 0.7209 | |||
| Rate Of Daily Change | 1.06 | |||
| Day Median Price | 5.59 | |||
| Day Typical Price | 5.62 | |||
| Price Action Indicator | 0.25 | |||
| Period Momentum Indicator | 0.31 |
RideNow Risk Indicators
The analysis of RideNow's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in RideNow's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ridenow stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.05 | |||
| Semi Deviation | 2.93 | |||
| Standard Deviation | 4.72 | |||
| Variance | 22.29 | |||
| Downside Variance | 13.34 | |||
| Semi Variance | 8.57 | |||
| Expected Short fall | (3.71) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for RideNow
The number of cover stories for RideNow depends on current market conditions and RideNow's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that RideNow is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about RideNow's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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RideNow Short Properties
RideNow's future price predictability will typically decrease when RideNow's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of RideNow Group often depends not only on the future outlook of the potential RideNow's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. RideNow's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 35.4 M | |
| Cash And Short Term Investments | 85.3 M |
Additional Tools for RideNow Stock Analysis
When running RideNow's price analysis, check to measure RideNow'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 RideNow is operating at the current time. Most of RideNow's value examination focuses on studying past and present price action to predict the probability of RideNow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RideNow's price. Additionally, you may evaluate how the addition of RideNow to your portfolios can decrease your overall portfolio volatility.