Red Robin Gourmet Stock Pattern Recognition Two Crows
| RRGB Stock | USD 5.20 0.00 0.00% |
| Symbol |
Recognition |
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was twelve with a total number of output elements of fourty-nine. The function did not return any valid pattern recognition events for the selected time horizon. Two Crows is a 3-day pattern that warns about a possible future trend reversal for Red Robin Gourmet.
Red Robin Technical Analysis Modules
Most technical analysis of Red Robin help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Red from various momentum indicators to cycle indicators. When you analyze Red charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Red Robin Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Red Robin Gourmet. We use our internally-developed statistical techniques to arrive at the intrinsic value of Red Robin Gourmet based on widely used predictive technical indicators. In general, we focus on analyzing Red Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Red Robin's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Red Robin's intrinsic value. In addition to deriving basic predictive indicators for Red Robin, we also check how macroeconomic factors affect Red Robin price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2017 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 25.7 | 42.43 | 48.8 | 40.81 | Days Of Inventory On Hand | 11.87 | 8.33 | 7.49 | 8.5 |
Learn to be your own money manager
As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.Did you try this?
Run Idea Breakdown Now
Idea BreakdownAnalyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
| All Next | Launch Module |
Red Robin Gourmet pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Red Robin position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Red Robin will appreciate offsetting losses from the drop in the long position's value.Red Robin Pair Trading
Red Robin Gourmet Pair Trading Analysis
The ability to find closely correlated positions to Red Robin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Red Robin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Red Robin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Red Robin Gourmet to buy it.
The correlation of Red Robin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Red Robin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Red Robin Gourmet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Red Robin can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Robin Gourmet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Hotels, Restaurants & Leisure 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 Red Robin. If investors know Red 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 Red Robin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.29) | Revenue Per Share 81.497 | Quarterly Revenue Growth (0.01) | Return On Assets (0.02) | Return On Equity (2.38) |
The market value of Red Robin Gourmet is measured differently than its book value, which is the value of Red that is recorded on the company's balance sheet. Investors also form their own opinion of Red Robin's value that differs from its market value or its book value, called intrinsic value, which is Red Robin'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 Red Robin's market value can be influenced by many factors that don't directly affect Red Robin'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 Red Robin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Red Robin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Red Robin'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.