Ringcentral Stock Market Value
| RNG Stock | USD 38.99 2.08 5.64% |
| Symbol | Ringcentral |
Ringcentral 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 Ringcentral. If investors know Ringcentral 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 Ringcentral listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.05) | Revenue Per Share 25.361 | Quarterly Revenue Growth 0.091 | Return On Assets (0.01) | Return On Equity (6.89) |
The market value of Ringcentral is measured differently than its book value, which is the value of Ringcentral that is recorded on the company's balance sheet. Investors also form their own opinion of Ringcentral's value that differs from its market value or its book value, called intrinsic value, which is Ringcentral'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 Ringcentral's market value can be influenced by many factors that don't directly affect Ringcentral'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 Ringcentral's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ringcentral is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ringcentral'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.
Ringcentral '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 Ringcentral'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 Ringcentral.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Ringcentral on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Ringcentral or generate 0.0% return on investment in Ringcentral over 30 days. Ringcentral is related to or competes with OLB. RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and conne... More
Ringcentral 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 Ringcentral'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 Ringcentral upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.86 | |||
| Information Ratio | 0.0313 | |||
| Maximum Drawdown | 14.25 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 3.95 |
Ringcentral Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ringcentral's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ringcentral's standard deviation. In reality, there are many statistical measures that can use Ringcentral historical prices to predict the future Ringcentral's volatility.| Risk Adjusted Performance | 0.0707 | |||
| Jensen Alpha | 0.0748 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0275 | |||
| Treynor Ratio | 0.1931 |
Ringcentral Backtested Returns
Ringcentral appears to be very steady, given 3 months investment horizon. Ringcentral maintains Sharpe Ratio (i.e., Efficiency) of 0.096, which implies the firm had a 0.096% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ringcentral, which you can use to evaluate the volatility of the company. Please evaluate Ringcentral's Semi Deviation of 2.59, risk adjusted performance of 0.0707, and Coefficient Of Variation of 1203.52 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ringcentral holds a performance score of 7. The company holds a Beta of 1.03, which implies a somewhat significant risk relative to the market. Ringcentral returns are very sensitive to returns on the market. As the market goes up or down, Ringcentral is expected to follow. Please check Ringcentral's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Ringcentral's historical price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Ringcentral has weak reverse predictability. Overlapping area represents the amount of predictability between Ringcentral 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 Ringcentral price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Ringcentral price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
Ringcentral lagged returns against current returns
Autocorrelation, which is Ringcentral 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 Ringcentral's stock expected returns. We can calculate the autocorrelation of Ringcentral returns to help us make a trade decision. For example, suppose you find that Ringcentral 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 |
Ringcentral 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 Ringcentral stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ringcentral stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ringcentral stock over time.
Current vs Lagged Prices |
| Timeline |
Ringcentral Lagged Returns
When evaluating Ringcentral's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ringcentral stock have on its future price. Ringcentral 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, Ringcentral autocorrelation shows the relationship between Ringcentral stock current value and its past values and can show if there is a momentum factor associated with investing in Ringcentral.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Ringcentral is a strong investment it is important to analyze Ringcentral's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ringcentral's future performance. For an informed investment choice regarding Ringcentral Stock, refer to the following important reports:Check out Ringcentral Correlation, Ringcentral Volatility and Ringcentral Alpha and Beta module to complement your research on Ringcentral. For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Ringcentral 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.