Ridenow Group, Stock Market Value
| RDNW Stock | 5.52 0.11 2.03% |
| Symbol | RideNow |
RideNow Group, Price To Book Ratio
Is Computer & Electronics Retail 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 RideNow Group,. If investors know RideNow 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 RideNow Group, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.80) | Revenue Per Share | Quarterly Revenue Growth (0.05) | Return On Assets | Return On Equity |
The market value of RideNow Group, is measured differently than its book value, which is the value of RideNow that is recorded on the company's balance sheet. Investors also form their own opinion of RideNow Group,'s value that differs from its market value or its book value, called intrinsic value, which is RideNow Group,'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 RideNow Group,'s market value can be influenced by many factors that don't directly affect RideNow Group,'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 RideNow Group,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if RideNow Group, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RideNow Group,'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.
RideNow Group, 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to RideNow Group,'s stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of RideNow Group,.
| 07/05/2025 |
| 01/01/2026 |
If you would invest 0.00 in RideNow Group, on July 5, 2025 and sell it all today you would earn a total of 0.00 from holding RideNow Group, or generate 0.0% return on investment in RideNow Group, over 180 days. RideNow Group, is related to or competes with Genuine Parts, Dicks Sporting, Caseys General, Burlington Stores, Packaging Corp, Amcor PLC, and Lululemon Athletica. RideNow Group, is entity of United States More
RideNow Group, Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure RideNow Group,'s stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess RideNow Group, upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.03 | |||
| Information Ratio | 0.0669 | |||
| Maximum Drawdown | 32.23 | |||
| Value At Risk | (6.37) | |||
| Potential Upside | 7.32 |
RideNow Group, Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RideNow Group,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RideNow Group,'s standard deviation. In reality, there are many statistical measures that can use RideNow Group, historical prices to predict the future RideNow Group,'s volatility.| Risk Adjusted Performance | 0.0654 | |||
| Jensen Alpha | 0.3111 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0822 | |||
| Treynor Ratio | 0.2934 |
RideNow Group, Backtested Returns
RideNow Group, appears to be unstable, given 3 months investment horizon. RideNow Group, maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the firm had a 0.1 % return per unit of risk over the last 3 months. By analyzing RideNow Group,'s technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please evaluate RideNow Group,'s Risk Adjusted Performance of 0.0654, coefficient of variation of 1233.69, and Semi Deviation of 3.63 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RideNow Group, holds a performance score of 8. The company holds a Beta of 1.34, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, RideNow Group, will likely underperform. Please check RideNow Group,'s sortino ratio, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether RideNow Group,'s historical price patterns will revert.
Auto-correlation | 0.88 |
Very good predictability
RideNow Group, has very good predictability. Overlapping area represents the amount of predictability between RideNow Group, time series from 5th of July 2025 to 3rd of October 2025 and 3rd of October 2025 to 1st of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of RideNow Group, price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current RideNow Group, price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
RideNow Group, lagged returns against current returns
Autocorrelation, which is RideNow Group, stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting RideNow Group,'s stock expected returns. We can calculate the autocorrelation of RideNow Group, returns to help us make a trade decision. For example, suppose you find that RideNow Group, has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
RideNow Group, regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If RideNow Group, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RideNow Group, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RideNow Group, stock over time.
Current vs Lagged Prices |
| Timeline |
RideNow Group, Lagged Returns
When evaluating RideNow Group,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RideNow Group, stock have on its future price. RideNow Group, autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, RideNow Group, autocorrelation shows the relationship between RideNow Group, stock current value and its past values and can show if there is a momentum factor associated with investing in RideNow Group,.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for RideNow Stock Analysis
When running RideNow Group,'s price analysis, check to measure RideNow Group,'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 RideNow Group, is operating at the current time. Most of RideNow Group,'s value examination focuses on studying past and present price action to predict the probability of RideNow Group,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RideNow Group,'s price. Additionally, you may evaluate how the addition of RideNow Group, to your portfolios can decrease your overall portfolio volatility.