Rigetti Computing Stock Market Value
| RGTI Stock | USD 1.74 0.26 17.57% |
| Symbol | Rigetti |
Rigetti Computing Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Rigetti Computing. If investors know Rigetti 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 Rigetti Computing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.37) | Revenue Per Share 0.073 | Quarterly Revenue Growth (0.23) | Return On Assets (0.26) | Return On Equity (0.51) |
The market value of Rigetti Computing is measured differently than its book value, which is the value of Rigetti that is recorded on the company's balance sheet. Investors also form their own opinion of Rigetti Computing's value that differs from its market value or its book value, called intrinsic value, which is Rigetti Computing'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 Rigetti Computing's market value can be influenced by many factors that don't directly affect Rigetti Computing'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 Rigetti Computing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rigetti Computing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rigetti Computing'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.
Rigetti Computing '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 Rigetti Computing'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 Rigetti Computing.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Rigetti Computing on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Rigetti Computing or generate 0.0% return on investment in Rigetti Computing over 30 days. Rigetti Computing is related to or competes with Quantum Computing, IONQ, Desktop Metal, Quantum, D Wave, Super Micro, and Cricut. Rigetti Computing, Inc. operates as an integrated systems company More
Rigetti Computing 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 Rigetti Computing'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 Rigetti Computing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.96 | |||
| Information Ratio | 0.119 | |||
| Maximum Drawdown | 31.98 | |||
| Value At Risk | (8.13) | |||
| Potential Upside | 15.32 |
Rigetti Computing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rigetti Computing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rigetti Computing's standard deviation. In reality, there are many statistical measures that can use Rigetti Computing historical prices to predict the future Rigetti Computing's volatility.| Risk Adjusted Performance | 0.1118 | |||
| Jensen Alpha | 0.5877 | |||
| Total Risk Alpha | 0.0207 | |||
| Sortino Ratio | 0.1651 | |||
| Treynor Ratio | 0.2765 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rigetti Computing'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.
Rigetti Computing Backtested Returns
Rigetti Computing is out of control given 3 months investment horizon. Rigetti Computing maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.19% are justified by taking the suggested risk. Use Rigetti Computing Semi Deviation of 4.45, coefficient of variation of 741.41, and Risk Adjusted Performance of 0.1118 to evaluate company specific risk that cannot be diversified away. Rigetti Computing holds a performance score of 12 on a scale of zero to a hundred. The company holds a Beta of 3.32, 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, Rigetti Computing will likely underperform. Use Rigetti Computing downside variance, and the relationship between the sortino ratio and accumulation distribution , to analyze future returns on Rigetti Computing.
Auto-correlation | 0.70 |
Good predictability
Rigetti Computing has good predictability. Overlapping area represents the amount of predictability between Rigetti Computing 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 Rigetti Computing price movement. The serial correlation of 0.7 indicates that around 70.0% of current Rigetti Computing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Rigetti Computing lagged returns against current returns
Autocorrelation, which is Rigetti Computing 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 Rigetti Computing's stock expected returns. We can calculate the autocorrelation of Rigetti Computing returns to help us make a trade decision. For example, suppose you find that Rigetti Computing 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 |
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Rigetti Computing 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 Rigetti Computing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rigetti Computing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rigetti Computing stock over time.
Current vs Lagged Prices |
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Rigetti Computing Lagged Returns
When evaluating Rigetti Computing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rigetti Computing stock have on its future price. Rigetti Computing 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, Rigetti Computing autocorrelation shows the relationship between Rigetti Computing stock current value and its past values and can show if there is a momentum factor associated with investing in Rigetti Computing.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Rigetti Computing offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Rigetti Computing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Rigetti Computing Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rigetti Computing Stock:Check out Rigetti Computing Correlation, Rigetti Computing Volatility and Rigetti Computing Alpha and Beta module to complement your research on Rigetti Computing. For more detail on how to invest in Rigetti Stock please use our How to Invest in Rigetti Computing guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Rigetti Computing 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.