Ryde Group Stock Market Value
| RYDE Stock | 0.41 0.02 4.65% |
| Symbol | Ryde |
Ryde Group Price To Book Ratio
Is Passenger Airlines 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 Ryde. If investors know Ryde 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 Ryde listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Ryde Group is measured differently than its book value, which is the value of Ryde that is recorded on the company's balance sheet. Investors also form their own opinion of Ryde's value that differs from its market value or its book value, called intrinsic value, which is Ryde'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 Ryde's market value can be influenced by many factors that don't directly affect Ryde'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 Ryde's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ryde is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ryde'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.
Ryde '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 Ryde'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 Ryde.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Ryde on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ryde Group or generate 0.0% return on investment in Ryde over 30 days. Ryde is related to or competes with Entravision Communications, Asure Software, ServiceNow, Nuvalent, Digi International, Usio, and Northstar Clean. Ryde is entity of United States. It is traded as Stock on NYSE MKT exchange. More
Ryde 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 Ryde'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 Ryde Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 126.89 | |||
| Value At Risk | (24.16) | |||
| Potential Upside | 18.25 |
Ryde Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ryde's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ryde's standard deviation. In reality, there are many statistical measures that can use Ryde historical prices to predict the future Ryde's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (2.24) | |||
| Total Risk Alpha | (4.50) | |||
| Treynor Ratio | 0.917 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ryde'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.
Ryde Group Backtested Returns
Ryde Group maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Ryde Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ryde's Coefficient Of Variation of (609.26), risk adjusted performance of (0.12), and Variance of 232.21 to confirm the risk estimate we provide. The company holds a Beta of -2.74, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ryde are expected to decrease by larger amounts. On the other hand, during market turmoil, Ryde is expected to outperform it. At this point, Ryde Group has a negative expected return of -2.5%. Please make sure to check Ryde's treynor ratio and the relationship between the skewness and price action indicator , to decide if Ryde Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.92 |
Excellent predictability
Ryde Group has excellent predictability. Overlapping area represents the amount of predictability between Ryde 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 Ryde Group price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Ryde price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ryde Group lagged returns against current returns
Autocorrelation, which is Ryde 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 Ryde's stock expected returns. We can calculate the autocorrelation of Ryde returns to help us make a trade decision. For example, suppose you find that Ryde 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 |
Ryde 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 Ryde stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ryde stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ryde stock over time.
Current vs Lagged Prices |
| Timeline |
Ryde Lagged Returns
When evaluating Ryde's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ryde stock have on its future price. Ryde 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, Ryde autocorrelation shows the relationship between Ryde stock current value and its past values and can show if there is a momentum factor associated with investing in Ryde Group.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Ryde Group is a strong investment it is important to analyze Ryde'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 Ryde's future performance. For an informed investment choice regarding Ryde Stock, refer to the following important reports:Check out Ryde Correlation, Ryde Volatility and Ryde Alpha and Beta module to complement your research on Ryde. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Ryde 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.