Rimini Street Stock Market Value
| RMNI Stock | USD 1.93 0.03 1.53% |
| Symbol | Rimini |
Rimini Street Price To Book Ratio
Is Application Software 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 Rimini Street. If investors know Rimini 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 Rimini Street 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 (0.83) | Earnings Share (0.38) | Revenue Per Share 4.734 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0689 |
The market value of Rimini Street is measured differently than its book value, which is the value of Rimini that is recorded on the company's balance sheet. Investors also form their own opinion of Rimini Street's value that differs from its market value or its book value, called intrinsic value, which is Rimini Street'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 Rimini Street's market value can be influenced by many factors that don't directly affect Rimini Street'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 Rimini Street's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rimini Street is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rimini Street'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.
Rimini Street '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 Rimini Street'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 Rimini Street.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Rimini Street on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Rimini Street or generate 0.0% return on investment in Rimini Street over 180 days. Rimini Street is related to or competes with Small Cap, Morningstar Unconstrained, SPACE, Mutual Of, Ep Emerging, Spring Valley, and Valic Company. Rimini Street, Inc. provides enterprise software products, services, and support for various industries More
Rimini Street 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 Rimini Street'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 Rimini Street upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.06 | |||
| Information Ratio | 0.0583 | |||
| Maximum Drawdown | 18.6 | |||
| Value At Risk | (5.52) | |||
| Potential Upside | 6.49 |
Rimini Street Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rimini Street's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rimini Street's standard deviation. In reality, there are many statistical measures that can use Rimini Street historical prices to predict the future Rimini Street's volatility.| Risk Adjusted Performance | 0.0717 | |||
| Jensen Alpha | 0.1917 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0688 | |||
| Treynor Ratio | 0.2419 |
Rimini Street Backtested Returns
Rimini Street is risky at the moment. Rimini Street maintains Sharpe Ratio (i.e., Efficiency) of 0.0171, which implies the firm had a 0.0171% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Rimini Street, which you can use to evaluate the volatility of the company. Please check Rimini Street's Semi Deviation of 2.87, risk adjusted performance of 0.0717, and Coefficient Of Variation of 1180.69 to confirm if the risk estimate we provide is consistent with the expected return of 0.0601%. Rimini Street has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 1.22, 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, Rimini Street will likely underperform. Rimini Street right now holds a risk of 3.52%. Please check Rimini Street expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Rimini Street will be following its historical price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
Rimini Street has weak reverse predictability. Overlapping area represents the amount of predictability between Rimini Street time series from 26th of May 2024 to 24th of August 2024 and 24th of August 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 Rimini Street price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Rimini Street price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Rimini Street lagged returns against current returns
Autocorrelation, which is Rimini Street 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 Rimini Street's stock expected returns. We can calculate the autocorrelation of Rimini Street returns to help us make a trade decision. For example, suppose you find that Rimini Street 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 |
Rimini Street 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 Rimini Street stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rimini Street stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rimini Street stock over time.
Current vs Lagged Prices |
| Timeline |
Rimini Street Lagged Returns
When evaluating Rimini Street's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rimini Street stock have on its future price. Rimini Street 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, Rimini Street autocorrelation shows the relationship between Rimini Street stock current value and its past values and can show if there is a momentum factor associated with investing in Rimini Street.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Rimini Street offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Rimini Street'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 Rimini Street Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rimini Street Stock:Check out Rimini Street Correlation, Rimini Street Volatility and Rimini Street Alpha and Beta module to complement your research on Rimini Street. For more detail on how to invest in Rimini Stock please use our How to Invest in Rimini Street guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Rimini Street 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.