Reading International Stock Price on February 9, 2024

RDI Stock  USD 1.51  0.05  3.42%   
If you're considering investing in Reading Stock, it is important to understand the factors that can impact its price. As of today, the current price of Reading International stands at 1.51, as last reported on the 29th of November, with the highest price reaching 1.56 and the lowest price hitting 1.48 during the day. Reading International maintains Sharpe Ratio (i.e., Efficiency) of -0.0313, which implies the firm had a -0.0313% return per unit of risk over the last 3 months. Reading International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reading International's Variance of 18.7, coefficient of variation of (3,195), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide.
  
Reading Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0313

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Estimated Market Risk

 4.32
  actual daily
38
62% of assets are more volatile

Expected Return

 -0.14
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average Reading International is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Reading International by adding Reading International to a well-diversified portfolio.

Reading International Valuation on February 9, 2024

It is possible to determine the worth of Reading International on a given historical date. On February 9, 2024 Reading was worth 1.77 at the beginning of the trading date compared to the closed value of 1.91. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Reading International stock. Still, in general, we apply an absolute valuation method to find Reading International's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Reading International where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Reading International's related companies.
 Open High Low Close Volume
  1.80    1.86    1.80    1.85    5,531  
02/09/2024
  1.77    1.94    1.77    1.91    35,645  
  1.90    1.94    1.88    1.88    31,022  
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Open Value
1.77
1.91
Closing Value
14.74
Upside

Reading International Trading Date Momentum on February 9, 2024

On February 12 2024 Reading International was traded for  1.88  at the closing time. Highest Reading International's price during the trading hours was 1.94  and the lowest price during the day was  1.88 . The net volume was 31 K. The overall trading history on the 12th of February 2024 contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.57% . The trading delta at closing time to current price is 6.81% .

Reading International Fundamentals Correlations and Trends

By evaluating Reading International's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Reading International's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Reading financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Reading International Stock history

Reading International investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Reading is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Reading International will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Reading International stock prices may prove useful in developing a viable investing in Reading International
Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. Reading International, Inc. was incorporated in 1999 and is headquartered in New York, New York. Reading Intl operates under Entertainment classification in the United States and is traded on NASDAQ Exchange. It employs 2025 people.

Reading International Stock Technical Analysis

Reading International 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.
A focus of Reading International technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Reading International trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Reading International Period Price Range

Low
November 29, 2024
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High

 0.00 

     

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Reading International cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Reading International November 29, 2024 Market Strength

Market strength indicators help investors to evaluate how Reading International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Reading International shares will generate the highest return on investment. By undertsting and applying Reading International stock market strength indicators, traders can identify Reading International entry and exit signals to maximize returns

Reading International Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Reading International's price direction in advance. Along with the technical and fundamental analysis of Reading Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Reading to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Reading Stock analysis

When running Reading International's price analysis, check to measure Reading International'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 Reading International is operating at the current time. Most of Reading International's value examination focuses on studying past and present price action to predict the probability of Reading International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reading International's price. Additionally, you may evaluate how the addition of Reading International to your portfolios can decrease your overall portfolio volatility.
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