Rgc Resources Stock Market Value
| RGCO Stock | USD 21.37 1.15 5.69% |
| Symbol | RGC |
RGC Resources Price To Book Ratio
Is Gas Utilities 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 RGC Resources. If investors know RGC 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 RGC Resources 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 (0.90) | Earnings Share 1.16 | Revenue Per Share 8.337 | Quarterly Revenue Growth 0.051 | Return On Assets 0.0342 |
The market value of RGC Resources is measured differently than its book value, which is the value of RGC that is recorded on the company's balance sheet. Investors also form their own opinion of RGC Resources' value that differs from its market value or its book value, called intrinsic value, which is RGC Resources' 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 RGC Resources' market value can be influenced by many factors that don't directly affect RGC Resources' 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 RGC Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if RGC Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RGC Resources' 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.
RGC Resources '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 RGC Resources' 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 RGC Resources.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in RGC Resources on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding RGC Resources or generate 0.0% return on investment in RGC Resources over 30 days. RGC Resources is related to or competes with NewJersey Resources, One Gas, Northwest Natural, Chesapeake Utilities, Spire, and NiSource. RGC Resources, Inc., through its subsidiaries, operates as an energy services company More
RGC Resources 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 RGC Resources' 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 RGC Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | 0.013 | |||
| Maximum Drawdown | 18.11 | |||
| Value At Risk | (5.07) | |||
| Potential Upside | 5.67 |
RGC Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RGC Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RGC Resources' standard deviation. In reality, there are many statistical measures that can use RGC Resources historical prices to predict the future RGC Resources' volatility.| Risk Adjusted Performance | 0.0455 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0173 | |||
| Treynor Ratio | 0.0501 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of RGC Resources' 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.
RGC Resources Backtested Returns
As of now, RGC Stock is not too volatile. RGC Resources retains Efficiency (Sharpe Ratio) of 0.0308, which implies the firm had a 0.0308% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for RGC Resources, which you can use to evaluate the volatility of the company. Please check RGC Resources' semi deviation of 2.12, and Market Risk Adjusted Performance of 0.0601 to confirm if the risk estimate we provide is consistent with the expected return of 0.0904%. RGC Resources has a performance score of 2 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 2.76, 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, RGC Resources will likely underperform. RGC Resources now owns a risk of 2.93%. Please check RGC Resources value at risk, and the relationship between the jensen alpha and skewness , to decide if RGC Resources will be following its current price history.
Auto-correlation | 0.05 |
Virtually no predictability
RGC Resources has virtually no predictability. Overlapping area represents the amount of predictability between RGC Resources time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 RGC Resources price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current RGC Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
RGC Resources lagged returns against current returns
Autocorrelation, which is RGC Resources 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 RGC Resources' stock expected returns. We can calculate the autocorrelation of RGC Resources returns to help us make a trade decision. For example, suppose you find that RGC Resources 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 |
RGC Resources 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 RGC Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RGC Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RGC Resources stock over time.
Current vs Lagged Prices |
| Timeline |
RGC Resources Lagged Returns
When evaluating RGC Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RGC Resources stock have on its future price. RGC Resources 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, RGC Resources autocorrelation shows the relationship between RGC Resources stock current value and its past values and can show if there is a momentum factor associated with investing in RGC Resources.
Regressed Prices |
| Timeline |
Pair Trading with RGC Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RGC Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RGC Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to RGC Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RGC Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RGC Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RGC Resources to buy it.
The correlation of RGC Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RGC Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RGC Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RGC Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out RGC Resources Correlation, RGC Resources Volatility and RGC Resources Alpha and Beta module to complement your research on RGC Resources. To learn how to invest in RGC Stock, please use our How to Invest in RGC Resources guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
RGC Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.