Rackspace Technology Stock Beta

RXT Stock

USD 2.38 0.06 2.59%

Rackspace Technology fundamentals help investors to digest information that contributes to Rackspace Technology's financial success or failures. It also enables traders to predict the movement of Rackspace Stock. The fundamental analysis module provides a way to measure Rackspace Technology'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 Rackspace Technology stock.

Short Long Term Debt Total Total Assets

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Rackspace Technology Company Beta Analysis

Rackspace Technology'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.

Beta

Covariance

Variance

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Current Rackspace Technology Beta

1.98

Most of Rackspace Technology'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, Rackspace Technology is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Rackspace Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Rackspace Technology is extremely important. It helps to project a fair market value of Rackspace Stock properly, considering its historical fundamentals such as Beta. Since Rackspace Technology'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 Rackspace Technology'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 Rackspace Technology's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Deferred Long Term Liab	Capital Surpluse	Short Term Investments
Total Assets		0.95	-0.25	-0.4	0.9	0.93	-0.71	0.78	-0.26	0.97	0.91	0.97	0.7	-0.35	-0.76	0.3	-0.36	0.81	-0.76	0.91	-0.86	-0.95	-0.9
Total Stockholder Equity	0.95		0.0	-0.21	0.8	0.83	-0.55	0.63	-0.09	0.93	0.83	0.87	0.65	-0.18	-0.55	0.4	-0.16	0.65	-0.55	0.89	-0.72	-0.84	-0.81
Net Tangible Assets	-0.25	0.0		0.83	-0.5	-0.53	0.8	-0.66	0.89	-0.2	-0.42	-0.43	-0.43	0.93	0.78	0.56	0.8	-0.71	0.78	-0.27	0.58	0.45	0.53
Current Deferred Revenue	-0.4	-0.21	0.83		-0.68	-0.68	0.85	-0.84	0.9	-0.26	-0.63	-0.58	-0.65	0.86	0.84	0.14	0.95	-0.83	0.84	-0.25	0.54	0.62	0.54
Net Debt	0.9	0.8	-0.5	-0.68		0.97	-0.81	0.94	-0.55	0.82	0.99	0.92	0.7	-0.63	-0.86	0.12	-0.62	0.9	-0.86	0.79	-0.78	-0.92	-0.85
Retained Earnings	0.93	0.83	-0.53	-0.68	0.97		-0.89	0.94	-0.59	0.86	0.95	0.98	0.76	-0.64	-0.91	0.15	-0.65	0.96	-0.91	0.82	-0.9	-0.96	-0.94
Accounts Payable	-0.71	-0.55	0.8	0.85	-0.81	-0.89		-0.88	0.82	-0.64	-0.76	-0.84	-0.81	0.86	0.95	0.16	0.8	-0.97	0.95	-0.67	0.89	0.85	0.89
Long Term Debt	0.78	0.63	-0.66	-0.84	0.94	0.94	-0.88		-0.73	0.66	0.93	0.88	0.65	-0.71	-0.94	0.14	-0.85	0.96	-0.94	0.6	-0.78	-0.88	-0.8
Net Receivables	-0.26	-0.09	0.89	0.9	-0.55	-0.59	0.82	-0.73		-0.14	-0.49	-0.45	-0.51	0.93	0.74	0.33	0.9	-0.75	0.74	-0.21	0.52	0.44	0.55
Good Will	0.97	0.93	-0.2	-0.26	0.82	0.86	-0.64	0.66	-0.14		0.82	0.92	0.65	-0.29	-0.68	0.19	-0.2	0.72	-0.68	0.96	-0.85	-0.9	-0.87
Total Liab	0.91	0.83	-0.42	-0.63	0.99	0.95	-0.76	0.93	-0.49	0.82		0.91	0.63	-0.54	-0.82	0.23	-0.59	0.87	-0.82	0.77	-0.75	-0.9	-0.82
Net Invested Capital	0.97	0.87	-0.43	-0.58	0.92	0.98	-0.84	0.88	-0.45	0.92	0.91		0.74	-0.5	-0.89	0.25	-0.56	0.92	-0.89	0.85	-0.93	-0.99	-0.93
Short Long Term Debt	0.7	0.65	-0.43	-0.65	0.7	0.76	-0.81	0.65	-0.51	0.65	0.63	0.74		-0.61	-0.68	-0.03	-0.46	0.77	-0.68	0.7	-0.7	-0.79	-0.75
Total Current Assets	-0.35	-0.18	0.93	0.86	-0.63	-0.64	0.86	-0.71	0.93	-0.29	-0.54	-0.5	-0.61		0.76	0.54	0.77	-0.77	0.76	-0.41	0.58	0.51	0.63
Capital Stock	-0.76	-0.55	0.78	0.84	-0.86	-0.91	0.95	-0.94	0.74	-0.68	-0.82	-0.89	-0.68	0.76		0.03	0.83	-0.98	1.0	-0.64	0.89	0.9	0.84
Net Working Capital	0.3	0.4	0.56	0.14	0.12	0.15	0.16	0.14	0.33	0.19	0.23	0.25	-0.03	0.54	0.03		0.0	0.02	0.03	-0.03	0.0	-0.21	0.0
Short Term Debt	-0.36	-0.16	0.8	0.95	-0.62	-0.65	0.8	-0.85	0.9	-0.2	-0.59	-0.56	-0.46	0.77	0.83	0.0		-0.81	0.83	-0.15	0.54	0.57	0.51
Intangible Assets	0.81	0.65	-0.71	-0.83	0.9	0.96	-0.97	0.96	-0.75	0.72	0.87	0.92	0.77	-0.77	-0.98	0.02	-0.81		-0.98	0.7	-0.9	-0.92	-0.9
Common Stock	-0.76	-0.55	0.78	0.84	-0.86	-0.91	0.95	-0.94	0.74	-0.68	-0.82	-0.89	-0.68	0.76	1.0	0.03	0.83	-0.98		-0.64	0.89	0.9	0.84
Property Plant Equipment	0.91	0.89	-0.27	-0.25	0.79	0.82	-0.67	0.6	-0.21	0.96	0.77	0.85	0.7	-0.41	-0.64	-0.03	-0.15	0.7	-0.64		-0.83	-0.83	-0.89
Deferred Long Term Liab	-0.86	-0.72	0.58	0.54	-0.78	-0.9	0.89	-0.78	0.52	-0.85	-0.75	-0.93	-0.7	0.58	0.89	0.0	0.54	-0.9	0.89	-0.83		0.91	0.96
Capital Surpluse	-0.95	-0.84	0.45	0.62	-0.92	-0.96	0.85	-0.88	0.44	-0.9	-0.9	-0.99	-0.79	0.51	0.9	-0.21	0.57	-0.92	0.9	-0.83	0.91		0.9
Short Term Investments	-0.9	-0.81	0.53	0.54	-0.85	-0.94	0.89	-0.8	0.55	-0.87	-0.82	-0.93	-0.75	0.63	0.84	0.0	0.51	-0.9	0.84	-0.89	0.96	0.9

Click cells to compare fundamentals

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.

Competition

Predict Rackspace Technology

In accordance with the recently published financial statements, Rackspace Technology has a Beta of 1.978. This is 86.6% higher than that of the Software sector and significantly higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.

Rackspace Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Rackspace Technology'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 Rackspace Technology could also be used in its relative valuation, which is a method of valuing Rackspace Technology by comparing valuation metrics of similar companies.

Rackspace Technology is currently under evaluation in beta category among its peers.

Rackspace Technology 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, Rackspace Technology's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Rackspace Technology's managers, analysts, and investors.

Environmental

Governance

Social

Rackspace Technology Institutional Holders

Institutional Holdings refers to the ownership stake in Rackspace Technology that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Rackspace Technology'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 Rackspace Technology's value.

		Shares
Federated Hermes Inc	2024-09-30	771.5 K
Amvescap Plc.	2024-06-30	758.8 K
Jpmorgan Chase & Co	2024-06-30	723.1 K
Ubs Group Ag	2024-06-30	644 K
Jane Street Group Llc	2024-06-30	606.9 K
Charles Schwab Investment Management Inc	2024-09-30	590.7 K
Northern Trust Corp	2024-09-30	556.5 K
Wells Fargo & Co	2024-06-30	470.2 K
Clarivest Asset Management Llc	2024-06-30	379.7 K
Apollo Management Holdings Lp	2024-06-30	129.6 M
Legal & General Group Plc	2024-06-30	7.8 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Rackspace Technology will likely underperform.

Rackspace Fundamentals

	Return On Equity	-3.53
	Return On Asset	-0.0178
	Profit Margin	(0.28) %
	Operating Margin	(0.03) %
	Current Valuation	3.68 B
	Shares Outstanding	227.57 M
	Shares Owned By Insiders	2.86 %
	Shares Owned By Institutions	84.56 %
	Number Of Shares Shorted	5.31 M
	Price To Book	0.81 X
	Price To Sales	0.19 X
	Revenue	2.96 B
	Gross Profit	867.8 M
	EBITDA	(149.9 M)
	Net Income	(837.8 M)
	Cash And Equivalents	283.6 M
	Cash Per Share	1.35 X
	Total Debt	3.43 B
	Debt To Equity	3.09 %
	Current Ratio	1.23 X
	Book Value Per Share	(4.17) X
	Cash Flow From Operations	374.9 M
	Short Ratio	11.07 X
	Earnings Per Share	(3.45) X
	Price To Earnings To Growth	3.86 X
	Target Price	2.89
	Number Of Employees	5.8 K
	Beta	1.98
	Market Capitalization	527.96 M
	Total Asset	4.1 B
	Retained Earnings	(2.82 B)
	Working Capital	(61.4 M)
	Net Asset	4.1 B

About Rackspace Technology Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Rackspace Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rackspace Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rackspace Technology 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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Additional Tools for Rackspace Stock Analysis

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

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