Remitly Global Stock Market Value
| RELY Stock | USD 20.52 0.52 2.47% |
| Symbol | Remitly |
Remitly Global Price To Book Ratio
Is Transaction & Payment Processing Services 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 Remitly Global. If investors know Remitly 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 Remitly Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.35) | Revenue Per Share 6.146 | Quarterly Revenue Growth 0.393 | Return On Assets (0.05) | Return On Equity (0.11) |
The market value of Remitly Global is measured differently than its book value, which is the value of Remitly that is recorded on the company's balance sheet. Investors also form their own opinion of Remitly Global's value that differs from its market value or its book value, called intrinsic value, which is Remitly Global'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 Remitly Global's market value can be influenced by many factors that don't directly affect Remitly Global'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 Remitly Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Remitly Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Remitly Global'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.
Remitly Global '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 Remitly Global'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 Remitly Global.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Remitly Global on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Remitly Global or generate 0.0% return on investment in Remitly Global over 510 days. Remitly Global is related to or competes with ACI Worldwide, EverCommerce, Global Blue, CSG Systems, Secureworks Corp, Evertec, and Verint Systems. Remitly Global, Inc. provides digital financial services for immigrants and their families More
Remitly Global 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 Remitly Global'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 Remitly Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.1794 | |||
| Maximum Drawdown | 19.9 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 4.1 |
Remitly Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Remitly Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Remitly Global's standard deviation. In reality, there are many statistical measures that can use Remitly Global historical prices to predict the future Remitly Global's volatility.| Risk Adjusted Performance | 0.1787 | |||
| Jensen Alpha | 0.6001 | |||
| Total Risk Alpha | 0.1879 | |||
| Sortino Ratio | 0.3698 | |||
| Treynor Ratio | 2.27 |
Remitly Global Backtested Returns
Remitly Global appears to be not too volatile, given 3 months investment horizon. Remitly Global maintains Sharpe Ratio (i.e., Efficiency) of 0.25, which implies the firm had a 0.25% return per unit of risk over the last 3 months. By analyzing Remitly Global's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please evaluate Remitly Global's Coefficient Of Variation of 445.95, semi deviation of 0.9367, and Risk Adjusted Performance of 0.1787 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Remitly Global holds a performance score of 19. The company holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. 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. Please check Remitly Global's value at risk, as well as the relationship between the kurtosis and market facilitation index , to make a quick decision on whether Remitly Global's historical price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Remitly Global has poor reverse predictability. Overlapping area represents the amount of predictability between Remitly Global time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th of November 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 Remitly Global price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Remitly Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 8.39 |
Remitly Global lagged returns against current returns
Autocorrelation, which is Remitly Global 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 Remitly Global's stock expected returns. We can calculate the autocorrelation of Remitly Global returns to help us make a trade decision. For example, suppose you find that Remitly Global 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 |
Remitly Global 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 Remitly Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Remitly Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Remitly Global stock over time.
Current vs Lagged Prices |
| Timeline |
Remitly Global Lagged Returns
When evaluating Remitly Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Remitly Global stock have on its future price. Remitly Global 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, Remitly Global autocorrelation shows the relationship between Remitly Global stock current value and its past values and can show if there is a momentum factor associated with investing in Remitly Global.
Regressed Prices |
| Timeline |
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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.