Roadzen Stock Market Value
| RDZNW Stock | 0.04 0.01 25.68% |
| Symbol | Roadzen |
Is Application Software 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 Roadzen. If investors know Roadzen 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 Roadzen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.64 | Quarterly Revenue Growth (0.23) | Return On Assets (1.51) |
The market value of Roadzen is measured differently than its book value, which is the value of Roadzen that is recorded on the company's balance sheet. Investors also form their own opinion of Roadzen's value that differs from its market value or its book value, called intrinsic value, which is Roadzen'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 Roadzen's market value can be influenced by many factors that don't directly affect Roadzen'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 Roadzen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roadzen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roadzen'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.
Roadzen '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 Roadzen'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 Roadzen.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Roadzen on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Roadzen or generate 0.0% return on investment in Roadzen over 360 days. Roadzen is related to or competes with Ke Holdings, NCino, Kingsoft Cloud, Jfrog, and Bigcommerce Holdings. Roadzen is entity of United States. It is traded as Stock on NASDAQ exchange. More
Roadzen 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 Roadzen'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 Roadzen upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.63 | |||
| Information Ratio | 0.0667 | |||
| Maximum Drawdown | 216.18 | |||
| Value At Risk | (25.50) | |||
| Potential Upside | 27.48 |
Roadzen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roadzen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roadzen's standard deviation. In reality, there are many statistical measures that can use Roadzen historical prices to predict the future Roadzen's volatility.| Risk Adjusted Performance | 0.0647 | |||
| Jensen Alpha | 2.42 | |||
| Total Risk Alpha | (2.49) | |||
| Sortino Ratio | 0.1046 | |||
| Treynor Ratio | (0.43) |
Roadzen Backtested Returns
Roadzen maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Roadzen exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Roadzen's Semi Deviation of 12.72, risk adjusted performance of 0.0647, and Coefficient Of Variation of 1389.01 to confirm the risk estimate we provide. The company holds a Beta of -4.34, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Roadzen are expected to decrease by larger amounts. On the other hand, during market turmoil, Roadzen is expected to outperform it. At this point, Roadzen has a negative expected return of -1.99%. Please make sure to check Roadzen's total risk alpha and the relationship between the downside variance and period momentum indicator , to decide if Roadzen performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Roadzen has modest predictability. Overlapping area represents the amount of predictability between Roadzen time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Roadzen price movement. The serial correlation of 0.51 indicates that about 51.0% of current Roadzen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Roadzen lagged returns against current returns
Autocorrelation, which is Roadzen 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 Roadzen's stock expected returns. We can calculate the autocorrelation of Roadzen returns to help us make a trade decision. For example, suppose you find that Roadzen 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 |
Roadzen 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 Roadzen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roadzen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roadzen stock over time.
Current vs Lagged Prices |
| Timeline |
Roadzen Lagged Returns
When evaluating Roadzen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roadzen stock have on its future price. Roadzen 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, Roadzen autocorrelation shows the relationship between Roadzen stock current value and its past values and can show if there is a momentum factor associated with investing in Roadzen.
Regressed Prices |
| Timeline |
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When running Roadzen's price analysis, check to measure Roadzen'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 Roadzen is operating at the current time. Most of Roadzen's value examination focuses on studying past and present price action to predict the probability of Roadzen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roadzen's price. Additionally, you may evaluate how the addition of Roadzen to your portfolios can decrease your overall portfolio volatility.