Ryde Opens Doors to International Travelers, Offering Seamless Mobility Solutions in Singapore
| RYDE Stock | 0.43 0.02 4.88% |
About 54% of Ryde's shareholders are presently thinking to get in. The analysis of overall sentiment of trading Ryde Group stock suggests that some investors are interested at this time. The current market sentiment, together with Ryde's historical and current headlines, can help investors time the market. In addition, many technical investors use Ryde Group stock news signals to limit their universe of possible portfolio assets.
Ryde |
SINGAPORE, November 01, 2024--Ryde Group Ltd , a home-grown technology company with a leading platform for mobility and quick commerce in Singapore, is excited to announce that our app is now accessible to international travelers visiting Singapore. This strategic move aims to provide a seamless, convenient and a trusted ride-hailing service for travelers that aligns with their travel needs.
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Ryde Fundamental Analysis
We analyze Ryde's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ryde using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ryde 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.
Net Asset
Net Asset Comparative Analysis
Ryde is currently under evaluation in net asset category among its peers. Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Ryde Group Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ryde stock to make a market-neutral strategy. Peer analysis of Ryde could also be used in its relative valuation, which is a method of valuing Ryde by comparing valuation metrics with similar companies.
Peers
Ryde Related Equities
| UBER | Uber Technologies | 2.69 | ||||
| BILL | Bill | 1.70 | ||||
| NODK | NI Holdings | 1.27 | ||||
| CINF | Cincinnati Financial | 1.05 | ||||
| ORI | Old Republic | 0.99 | ||||
| ICCH | ICC Holdings | 0.74 | ||||
| AAME | Atlantic American | 0.61 | ||||
| AIZ | Assurant | 0.41 |
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