Daryl Fairweather - Redfin Corp Chief Economist

RDFN Stock  USD 8.16  0.19  2.38%   

Insider

Daryl Fairweather is Chief Economist of Redfin Corp
Address 1099 Stewart Street, Seattle, WA, United States, 98101
Phone206 576 8610
Webhttps://www.redfin.com

Redfin Corp Management Efficiency

The company has return on total asset (ROA) of (0.09) % which means that it has lost $0.09 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (14.765) %, meaning that it created substantial loss on money invested by shareholders. Redfin Corp's management efficiency ratios could be used to measure how well Redfin Corp manages its routine affairs as well as how well it operates its assets and liabilities. As of the 22nd of November 2024, Return On Tangible Assets is likely to drop to -0.25. In addition to that, Return On Capital Employed is likely to drop to -0.25. At this time, Redfin Corp's Debt To Assets are very stable compared to the past year. As of the 22nd of November 2024, Fixed Asset Turnover is likely to grow to 17.94, while Total Assets are likely to drop about 952.1 M.
Redfin Corp currently holds 1.01 B in liabilities with Debt to Equity (D/E) ratio of 7.98, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Redfin Corp has a current ratio of 1.96, which is within standard range for the sector. Note, when we think about Redfin Corp's use of debt, we should always consider it together with its cash and equity.

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Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. Redfin Corporation was incorporated in 2002 and is headquartered in Seattle, Washington. Redfin Corp operates under Real Estate Services classification in the United States and is traded on NASDAQ Exchange. It employs 6485 people. Redfin Corp (RDFN) is traded on NASDAQ Exchange in USA. It is located in 1099 Stewart Street, Seattle, WA, United States, 98101 and employs 4,693 people. Redfin Corp is listed under Real Estate Management & Development category by Fama And French industry classification.

Management Performance

Redfin Corp Leadership Team

Elected by the shareholders, the Redfin Corp's board of directors comprises two types of representatives: Redfin Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Redfin. The board's role is to monitor Redfin Corp's management team and ensure that shareholders' interests are well served. Redfin Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Redfin Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jonathan Ziglar, LLC RentPath
Jason Aleem, Chief Services
Christian Taubman, Chief Officer
Anna Stevens, Chief Officer
Glenn Kelman, CEO President
Bridget Frey, Chief Officer
Daryl Fairweather, Chief Economist
Christopher Nielsen, Chief Officer
Chris Nielsen, Chief Officer
Meg Nunnally, Head Relations
Adam Wiener, Chief Growth Officer
Lisa Taylor, VP Marketing
Anthony Kappus, Chief Officer
Keith Broxterman, Senior Support
Karen Krupsaw, Senior Operations

Redfin Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Redfin Corp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Redfin Corp

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 Redfin Corp 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 Redfin Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Redfin Stock

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The ability to find closely correlated positions to Redfin Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Redfin Corp 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 Redfin Corp - 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 Redfin Corp to buy it.
The correlation of Redfin Corp 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 Redfin Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Redfin Corp 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 Redfin Corp 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.
Pair CorrelationCorrelation Matching
When determining whether Redfin Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Redfin Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Redfin Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Redfin Corp Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Redfin Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Real Estate Management & Development 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 Redfin Corp. If investors know Redfin 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 Redfin Corp 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
3.286
Earnings Share
(1.27)
Revenue Per Share
8.511
Quarterly Revenue Growth
0.034
Return On Assets
(0.09)
The market value of Redfin Corp is measured differently than its book value, which is the value of Redfin that is recorded on the company's balance sheet. Investors also form their own opinion of Redfin Corp's value that differs from its market value or its book value, called intrinsic value, which is Redfin Corp'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 Redfin Corp's market value can be influenced by many factors that don't directly affect Redfin Corp'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 Redfin Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Redfin Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Redfin Corp'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.