Remitly Global Stock Beta
| RELY Stock | USD 20.92 0.24 1.16% |
Remitly Global fundamentals help investors to digest information that contributes to Remitly Global's financial success or failures. It also enables traders to predict the movement of Remitly Stock. The fundamental analysis module provides a way to measure Remitly Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Remitly Global stock.
Remitly | Beta |
Remitly Global Company Beta Analysis
Remitly Global's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Remitly Global Beta | 0.026 |
Most of Remitly Global's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Remitly Global is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Remitly Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Remitly Global is extremely important. It helps to project a fair market value of Remitly Stock properly, considering its historical fundamentals such as Beta. Since Remitly Global's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Remitly Global's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Remitly Global's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Remitly Global has a Beta of 0.026. This is 97.55% lower than that of the Financial Services sector and significantly higher than that of the Financials industry. The beta for all United States stocks is 117.33% lower than that of the firm.
Remitly Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Remitly Global's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Remitly Global could also be used in its relative valuation, which is a method of valuing Remitly Global by comparing valuation metrics of similar companies.Remitly Global is currently under evaluation in beta category among its peers.
Remitly Global ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Remitly Global's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Remitly Global's managers, analysts, and investors.Environmental | Governance | Social |
Remitly Global Institutional Holders
Institutional Holdings refers to the ownership stake in Remitly Global that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Remitly Global's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Remitly Global's value.| Shares | Geode Capital Management, Llc | 2024-06-30 | 3.4 M | State Street Corp | 2024-06-30 | 3.1 M | Arrowmark Colorado Holdings, Llc (arrowmark Partners) | 2024-06-30 | 3.1 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 2.1 M | Principal Financial Group Inc | 2024-09-30 | 2 M | Norges Bank | 2024-06-30 | 1.9 M | Kodai Capital Management Lp | 2024-06-30 | 1.7 M | Goldman Sachs Group Inc | 2024-06-30 | 1.4 M | Adage Capital Partners Gp Llc | 2024-06-30 | 1.3 M | Naspers Ltd | 2024-06-30 | 37.3 M | Vanguard Group Inc | 2024-09-30 | 14.3 M |
As returns on the market increase, Remitly Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Remitly Global is expected to be smaller as well.
Remitly Fundamentals
| Return On Equity | -0.11 | |||
| Return On Asset | -0.0451 | |||
| Profit Margin | (0.06) % | |||
| Operating Margin | 0 % | |||
| Current Valuation | 3.79 B | |||
| Shares Outstanding | 198.06 M | |||
| Shares Owned By Insiders | 5.83 % | |||
| Shares Owned By Institutions | 82.39 % | |||
| Number Of Shares Shorted | 10.51 M | |||
| Price To Earning | (0.43) X | |||
| Price To Book | 6.49 X | |||
| Price To Sales | 3.48 X | |||
| Revenue | 944.28 M | |||
| Gross Profit | 326.63 M | |||
| EBITDA | (95.1 M) | |||
| Net Income | (117.84 M) | |||
| Cash And Equivalents | 429.71 M | |||
| Cash Per Share | 2.56 X | |||
| Total Debt | 142.99 M | |||
| Debt To Equity | 0.02 % | |||
| Current Ratio | 2.80 X | |||
| Book Value Per Share | 3.19 X | |||
| Cash Flow From Operations | (53.59 M) | |||
| Short Ratio | 5.86 X | |||
| Earnings Per Share | (0.35) X | |||
| Price To Earnings To Growth | (0.02) X | |||
| Target Price | 23.56 | |||
| Number Of Employees | 2.7 K | |||
| Beta | 0.026 | |||
| Market Capitalization | 4.1 B | |||
| Total Asset | 1.04 B | |||
| Retained Earnings | (491.3 M) | |||
| Working Capital | 565.28 M | |||
| Current Asset | 271.8 M | |||
| Current Liabilities | 155.1 M | |||
| Net Asset | 1.04 B |
About Remitly Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Remitly Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Remitly Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Remitly Global based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When running Remitly Global's price analysis, check to measure Remitly Global'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 Remitly Global is operating at the current time. Most of Remitly Global's value examination focuses on studying past and present price action to predict the probability of Remitly Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Remitly Global's price. Additionally, you may evaluate how the addition of Remitly Global to your portfolios can decrease your overall portfolio volatility.