Readytech Holdings (Australia) Performance
| RDY Stock | 2.95 0.05 1.72% |
The company holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, Readytech Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Readytech Holdings is expected to be smaller as well. At this point, Readytech Holdings has a negative expected return of -0.1%. Please make sure to check Readytech Holdings' coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Readytech Holdings performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Readytech Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest uncertain performance, the Stock's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors. ...more
1 | ReadyTech Performance Rights Cease Amid Unmet Conditions - TipRanks | 10/01/2024 |
2 | ReadyTech Holdings Updates at 2024 AGM - TipRanks | 11/18/2024 |
| Begin Period Cash Flow | 20.6 M |
Readytech |
Readytech Holdings Relative Risk vs. Return Landscape
If you would invest 320.00 in Readytech Holdings on August 29, 2024 and sell it today you would lose (25.00) from holding Readytech Holdings or give up 7.81% of portfolio value over 90 days. Readytech Holdings is producing return of less than zero assuming 2.1575% volatility of returns over the 90 days investment horizon. Simply put, 19% of all stocks have less volatile historical return distribution than Readytech Holdings, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Readytech Holdings Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Readytech Holdings' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Readytech Holdings, and traders can use it to determine the average amount a Readytech Holdings' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0483
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| Negative Returns | RDY |
Estimated Market Risk
| 2.16 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Readytech Holdings is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Readytech Holdings by adding Readytech Holdings to a well-diversified portfolio.
Readytech Holdings Fundamentals Growth
Readytech Stock prices reflect investors' perceptions of the future prospects and financial health of Readytech Holdings, and Readytech Holdings fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Readytech Stock performance.
| Return On Equity | 0.0391 | ||||
| Return On Asset | 0.0247 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 373.8 M | ||||
| Shares Outstanding | 120.21 M | ||||
| Price To Book | 2.31 X | ||||
| Price To Sales | 3.07 X | ||||
| Revenue | 113.8 M | ||||
| Gross Profit | 35.58 M | ||||
| EBITDA | 32.58 M | ||||
| Net Income | 5.46 M | ||||
| Total Debt | 47.06 M | ||||
| Book Value Per Share | 1.26 X | ||||
| Cash Flow From Operations | 31.59 M | ||||
| Earnings Per Share | 0.05 X | ||||
| Total Asset | 261.43 M | ||||
| Retained Earnings | 17.9 M | ||||
About Readytech Holdings Performance
Assessing Readytech Holdings' fundamental ratios provides investors with valuable insights into Readytech Holdings' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Readytech Holdings is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Readytech Holdings is entity of Australia. It is traded as Stock on AU exchange.Things to note about Readytech Holdings performance evaluation
Checking the ongoing alerts about Readytech Holdings for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Readytech Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Readytech Holdings generated a negative expected return over the last 90 days | |
| About 18.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: ReadyTech Holdings Updates at 2024 AGM - TipRanks |
- Analyzing Readytech Holdings' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Readytech Holdings' stock is overvalued or undervalued compared to its peers.
- Examining Readytech Holdings' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Readytech Holdings' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Readytech Holdings' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Readytech Holdings' stock. These opinions can provide insight into Readytech Holdings' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Readytech Stock Analysis
When running Readytech Holdings' price analysis, check to measure Readytech Holdings' 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 Readytech Holdings is operating at the current time. Most of Readytech Holdings' value examination focuses on studying past and present price action to predict the probability of Readytech Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Readytech Holdings' price. Additionally, you may evaluate how the addition of Readytech Holdings to your portfolios can decrease your overall portfolio volatility.