Resources Connection Stock Market Value
| RGP Stock | USD 8.49 0.08 0.95% |
| Symbol | Resources |
Resources Connection Price To Book Ratio
Is Research & Consulting 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 Resources Connection. If investors know Resources 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 Resources Connection 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 (0.11) | Dividend Share 0.56 | Earnings Share 0.36 | Revenue Per Share 17.928 | Quarterly Revenue Growth (0.20) |
The market value of Resources Connection is measured differently than its book value, which is the value of Resources that is recorded on the company's balance sheet. Investors also form their own opinion of Resources Connection's value that differs from its market value or its book value, called intrinsic value, which is Resources Connection'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 Resources Connection's market value can be influenced by many factors that don't directly affect Resources Connection'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 Resources Connection's value and its price as these two are different measures arrived at by different means. Investors typically determine if Resources Connection is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Resources Connection'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.
Resources Connection '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 Resources Connection'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 Resources Connection.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Resources Connection on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Resources Connection or generate 0.0% return on investment in Resources Connection over 30 days. Resources Connection is related to or competes with CRA International, Huron Consulting, Forrester Research, Exponent, ICF International, Franklin Covey, and FTI Consulting. Resources Connection, Inc. provides consulting services to business customers under the Resources Global Professionals n... More
Resources Connection 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 Resources Connection'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 Resources Connection upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 14.89 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 2.47 |
Resources Connection Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Resources Connection's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Resources Connection's standard deviation. In reality, there are many statistical measures that can use Resources Connection historical prices to predict the future Resources Connection's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.11) |
Resources Connection Backtested Returns
Resources Connection maintains Sharpe Ratio (i.e., Efficiency) of -0.0933, which implies the firm had a -0.0933% return per unit of risk over the last 3 months. Resources Connection exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Resources Connection's Risk Adjusted Performance of (0.05), coefficient of variation of (1,262), and Variance of 5.84 to confirm the risk estimate we provide. The company holds a Beta of 1.81, 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, Resources Connection will likely underperform. At this point, Resources Connection has a negative expected return of -0.23%. Please make sure to check Resources Connection's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Resources Connection performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Resources Connection has very weak reverse predictability. Overlapping area represents the amount of predictability between Resources Connection time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Resources Connection price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Resources Connection price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Resources Connection lagged returns against current returns
Autocorrelation, which is Resources Connection 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 Resources Connection's stock expected returns. We can calculate the autocorrelation of Resources Connection returns to help us make a trade decision. For example, suppose you find that Resources Connection 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 |
Resources Connection 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 Resources Connection stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Resources Connection stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Resources Connection stock over time.
Current vs Lagged Prices |
| Timeline |
Resources Connection Lagged Returns
When evaluating Resources Connection's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Resources Connection stock have on its future price. Resources Connection 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, Resources Connection autocorrelation shows the relationship between Resources Connection stock current value and its past values and can show if there is a momentum factor associated with investing in Resources Connection.
Regressed Prices |
| Timeline |
Pair Trading with Resources Connection
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 Resources Connection 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 Resources Connection will appreciate offsetting losses from the drop in the long position's value.Moving against Resources Stock
| 0.82 | NL | NL Industries | PairCorr |
| 0.55 | BR | Broadridge Financial | PairCorr |
| 0.52 | SQ | Block Inc | PairCorr |
| 0.49 | KC | Kingsoft Cloud Holdings Trending | PairCorr |
| 0.49 | WM | Waste Management | PairCorr |
The ability to find closely correlated positions to Resources Connection could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Resources Connection 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 Resources Connection - 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 Resources Connection to buy it.
The correlation of Resources Connection 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 Resources Connection moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Resources Connection 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 Resources Connection 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.Additional Tools for Resources Stock Analysis
When running Resources Connection's price analysis, check to measure Resources Connection'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 Resources Connection is operating at the current time. Most of Resources Connection's value examination focuses on studying past and present price action to predict the probability of Resources Connection's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Resources Connection's price. Additionally, you may evaluate how the addition of Resources Connection to your portfolios can decrease your overall portfolio volatility.