Rackspace Technology Stock Market Value
| RXT Stock | USD 2.68 0.10 3.88% |
| Symbol | Rackspace |
Rackspace Technology 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 Rackspace Technology. If investors know Rackspace 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 Rackspace Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.45) | Revenue Per Share 12.488 | Quarterly Revenue Growth (0.08) | Return On Assets (0.02) | Return On Equity (3.53) |
The market value of Rackspace Technology is measured differently than its book value, which is the value of Rackspace that is recorded on the company's balance sheet. Investors also form their own opinion of Rackspace Technology's value that differs from its market value or its book value, called intrinsic value, which is Rackspace Technology'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 Rackspace Technology's market value can be influenced by many factors that don't directly affect Rackspace Technology'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 Rackspace Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rackspace Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rackspace Technology'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.
Rackspace Technology '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 Rackspace Technology'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 Rackspace Technology.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Rackspace Technology on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Rackspace Technology or generate 0.0% return on investment in Rackspace Technology over 30 days. Rackspace Technology is related to or competes with GigaCloud Technology, Alarum Technologies, Stem, Pagaya Technologies, Tenable Holdings, CiT, and Nutanix. Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide More
Rackspace Technology 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 Rackspace Technology'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 Rackspace Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.4 | |||
| Information Ratio | 0.0455 | |||
| Maximum Drawdown | 21.75 | |||
| Value At Risk | (7.03) | |||
| Potential Upside | 7.63 |
Rackspace Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rackspace Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rackspace Technology's standard deviation. In reality, there are many statistical measures that can use Rackspace Technology historical prices to predict the future Rackspace Technology's volatility.| Risk Adjusted Performance | 0.0665 | |||
| Jensen Alpha | 0.0562 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0443 | |||
| Treynor Ratio | 0.1469 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rackspace Technology'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.
Rackspace Technology Backtested Returns
Rackspace Technology appears to be very risky, given 3 months investment horizon. Rackspace Technology maintains Sharpe Ratio (i.e., Efficiency) of 0.0761, which implies the firm had a 0.0761% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Rackspace Technology, which you can use to evaluate the volatility of the company. Please evaluate Rackspace Technology's Coefficient Of Variation of 1316.1, risk adjusted performance of 0.0665, and Semi Deviation of 4.01 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rackspace Technology holds a performance score of 5. The company holds a Beta of 2.15, 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, Rackspace Technology will likely underperform. Please check Rackspace Technology's downside variance, and the relationship between the total risk alpha and daily balance of power , to make a quick decision on whether Rackspace Technology's historical price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Rackspace Technology has very weak reverse predictability. Overlapping area represents the amount of predictability between Rackspace Technology 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 Rackspace Technology price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Rackspace Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Rackspace Technology lagged returns against current returns
Autocorrelation, which is Rackspace Technology 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 Rackspace Technology's stock expected returns. We can calculate the autocorrelation of Rackspace Technology returns to help us make a trade decision. For example, suppose you find that Rackspace Technology 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 |
Rackspace Technology 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 Rackspace Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rackspace Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rackspace Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Rackspace Technology Lagged Returns
When evaluating Rackspace Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rackspace Technology stock have on its future price. Rackspace Technology 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, Rackspace Technology autocorrelation shows the relationship between Rackspace Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Rackspace Technology.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Rackspace Stock Analysis
When running Rackspace Technology's price analysis, check to measure Rackspace Technology'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 Rackspace Technology is operating at the current time. Most of Rackspace Technology's value examination focuses on studying past and present price action to predict the probability of Rackspace Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rackspace Technology's price. Additionally, you may evaluate how the addition of Rackspace Technology to your portfolios can decrease your overall portfolio volatility.