Rite Aid (Germany) Market Value
| RTA1 Stock | EUR 0.20 0.00 0.00% |
| Symbol | Rite |
Rite Aid '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 Rite Aid'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 Rite Aid.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Rite Aid on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Rite Aid or generate 0.0% return on investment in Rite Aid over 30 days. Rite Aid is related to or competes with KB HOME, M/I Homes, NAKED WINES, InPlay Oil, LANDSEA HOMES, and Tri Pointe. Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States More
Rite Aid 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 Rite Aid'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 Rite Aid upside and downside potential and time the market with a certain degree of confidence.
Rite Aid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rite Aid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rite Aid's standard deviation. In reality, there are many statistical measures that can use Rite Aid historical prices to predict the future Rite Aid's volatility.Rite Aid Backtested Returns
We have found three technical indicators for Rite Aid, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Rite Aid are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Rite Aid has perfect predictability. Overlapping area represents the amount of predictability between Rite Aid time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 Rite Aid price movement. The serial correlation of 1.0 indicates that 100.0% of current Rite Aid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rite Aid lagged returns against current returns
Autocorrelation, which is Rite Aid 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 Rite Aid's stock expected returns. We can calculate the autocorrelation of Rite Aid returns to help us make a trade decision. For example, suppose you find that Rite Aid 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 |
Rite Aid 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 Rite Aid stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rite Aid stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rite Aid stock over time.
Current vs Lagged Prices |
| Timeline |
Rite Aid Lagged Returns
When evaluating Rite Aid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rite Aid stock have on its future price. Rite Aid 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, Rite Aid autocorrelation shows the relationship between Rite Aid stock current value and its past values and can show if there is a momentum factor associated with investing in Rite Aid.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Rite Stock
Rite Aid financial ratios help investors to determine whether Rite Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Rite with respect to the benefits of owning Rite Aid security.