Roadzen Stock Price on November 14, 2024
| RDZN Stock | 2.41 0.19 7.31% |
If you're considering investing in Roadzen Stock, it is important to understand the factors that can impact its price. As of today, the current price of Roadzen stands at 2.41, as last reported on the 11th of December 2024, with the highest price reaching 2.40 and the lowest price hitting 2.40 during the day. Roadzen is dangerous given 3 months investment horizon. Roadzen maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We were able to analyze twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.25% are justified by taking the suggested risk. Use Roadzen Coefficient Of Variation of 750.7, semi deviation of 4.55, and Risk Adjusted Performance of 0.1055 to evaluate company specific risk that cannot be diversified away.
At this time, Roadzen's Common Stock Shares Outstanding is very stable compared to the past year. As of the 11th of December 2024, Other Stockholder Equity is likely to grow to about 59.4 M, while Total Stockholder Equity is likely to drop (10.6 M). . As of the 11th of December 2024, Price To Sales Ratio is likely to drop to 5.82. In addition to that, Price Earnings Ratio is likely to drop to -3.02. Roadzen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Roadzen |
Sharpe Ratio = 0.1277
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Estimated Market Risk
| 9.81 actual daily | 87 87% of assets are less volatile |
Expected Return
| 1.25 actual daily | 24 76% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Roadzen is performing at about 10% of its full potential. 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 Roadzen by adding it to a well-diversified portfolio.
Enterprise Value Ebitda (4.38) | Price Sales 2.4312 | Shares Float 21.7 M | Wall Street Target Price 5 | Earnings Share (1.48) |
Roadzen Valuation on November 14, 2024
It is possible to determine the worth of Roadzen on a given historical date. On November 14, 2024 Roadzen was worth 0.83 at the beginning of the trading date compared to the closed value of 0.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Roadzen stock. Still, in general, we apply an absolute valuation method to find Roadzen'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 Roadzen where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Roadzen's related companies.
| Open | High | Low | Close | Volume | |
| 0.87 | 0.93 | 0.79 | 0.84 | 70,736 | |
11/14/2024 | 0.83 | 0.90 | 0.71 | 0.81 | 117,348 |
| 0.84 | 0.88 | 0.77 | 0.80 | 81,299 |
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Roadzen Trading Date Momentum on November 14, 2024
| On November 15 2024 Roadzen was traded for 0.80 at the closing time. The top price for the day was 0.88 and the lowest listed price was 0.77 . The trading volume for the day was 81.3 K. The trading history from November 15, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.23% . The trading delta at closing time against the current closing price is 9.88% . |
Roadzen Fundamentals Correlations and Trends
By evaluating Roadzen'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 Roadzen's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Roadzen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Roadzen Stock history
Roadzen 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 Roadzen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Roadzen 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 Roadzen stock prices may prove useful in developing a viable investing in Roadzen
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 44 M | 46.8 M | |
| Net Loss | -16.3 M | -17.1 M |
Roadzen Stock Technical Analysis
Roadzen 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.
Price Boundaries
Roadzen Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Roadzen 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.
Roadzen December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Roadzen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Roadzen shares will generate the highest return on investment. By undertsting and applying Roadzen stock market strength indicators, traders can identify Roadzen entry and exit signals to maximize returns
Roadzen Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Roadzen's price direction in advance. Along with the technical and fundamental analysis of Roadzen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Roadzen 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.
| Risk Adjusted Performance | 0.1055 | |||
| Jensen Alpha | 1.26 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.2081 | |||
| Treynor Ratio | 10.48 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roadzen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Roadzen Stock, please use our How to Invest in Roadzen guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is Application Software 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 Roadzen. If investors know Roadzen 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 Roadzen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.48) | Revenue Per Share 0.64 | Quarterly Revenue Growth (0.23) | Return On Assets (1.51) |
The market value of Roadzen is measured differently than its book value, which is the value of Roadzen that is recorded on the company's balance sheet. Investors also form their own opinion of Roadzen's value that differs from its market value or its book value, called intrinsic value, which is Roadzen'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 Roadzen's market value can be influenced by many factors that don't directly affect Roadzen'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 Roadzen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roadzen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roadzen'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.