Rex American Resources Stock Market Value
| REX Stock | USD 43.25 0.30 0.70% |
| Symbol | REX |
REX American Resources Price To Book Ratio
Is Oil & Gas Refining & Marketing 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 REX American. If investors know REX 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 REX American listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.35 | Earnings Share 3.93 | Revenue Per Share 40.957 | Quarterly Revenue Growth (0.30) | Return On Assets 0.075 |
The market value of REX American Resources is measured differently than its book value, which is the value of REX that is recorded on the company's balance sheet. Investors also form their own opinion of REX American's value that differs from its market value or its book value, called intrinsic value, which is REX American'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 REX American's market value can be influenced by many factors that don't directly affect REX American'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 REX American's value and its price as these two are different measures arrived at by different means. Investors typically determine if REX American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, REX American'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.
REX American '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 REX American'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 REX American.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in REX American on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding REX American Resources or generate 0.0% return on investment in REX American over 30 days. REX American is related to or competes with Innospec, H B, Quaker Chemical, Minerals Technologies, Northern Technologies, Orion Engineered, and Oil Dri. REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States More
REX American 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 REX American'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 REX American Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.87 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 3.07 |
REX American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for REX American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as REX American's standard deviation. In reality, there are many statistical measures that can use REX American historical prices to predict the future REX American's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of REX American's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
REX American Resources Backtested Returns
At this stage we consider REX Stock to be very steady. REX American Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0196, which implies the firm had a 0.0196% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for REX American Resources, which you can use to evaluate the volatility of the company. Please check REX American's Coefficient Of Variation of (5,874), variance of 4.13, and Risk Adjusted Performance of (0.01) to confirm if the risk estimate we provide is consistent with the expected return of 0.0374%. REX American has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 1.28, 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, REX American will likely underperform. REX American Resources currently holds a risk of 1.91%. Please check REX American Resources potential upside and day median price , to decide if REX American Resources will be following its historical price patterns.
Auto-correlation | -0.49 |
Modest reverse predictability
REX American Resources has modest reverse predictability. Overlapping area represents the amount of predictability between REX American time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 REX American Resources price movement. The serial correlation of -0.49 indicates that about 49.0% of current REX American price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
REX American Resources lagged returns against current returns
Autocorrelation, which is REX American 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 REX American's stock expected returns. We can calculate the autocorrelation of REX American returns to help us make a trade decision. For example, suppose you find that REX American 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 |
REX American 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 REX American stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if REX American stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in REX American stock over time.
Current vs Lagged Prices |
| Timeline |
REX American Lagged Returns
When evaluating REX American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of REX American stock have on its future price. REX American 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, REX American autocorrelation shows the relationship between REX American stock current value and its past values and can show if there is a momentum factor associated with investing in REX American Resources.
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 REX Stock Analysis
When running REX American's price analysis, check to measure REX American'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 REX American is operating at the current time. Most of REX American's value examination focuses on studying past and present price action to predict the probability of REX American's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move REX American's price. Additionally, you may evaluate how the addition of REX American to your portfolios can decrease your overall portfolio volatility.