Rent The Runway Stock Technical Analysis
| RENT Stock | USD 10.05 0.04 0.40% |
As of the 27th of November, Rent The holds the insignificant Risk Adjusted Performance, variance of 41.44, and Coefficient Of Variation of (7,313). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Rent The, as well as the relationship between them.
Rent The Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Rent, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RentRent |
Rent The 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.
Rent the Runway Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Rent the Runway volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Rent the Runway Trend Analysis
Use this graph to draw trend lines for Rent the Runway. You can use it to identify possible trend reversals for Rent The as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Rent The price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Rent The Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Rent the Runway applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Rent the Runway market price will keep on failing further. It has 122 observation points and a regression sum of squares at 10.27, which is the sum of squared deviations for the predicted Rent The price change compared to its average price change.About Rent The Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Rent the Runway on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Rent the Runway based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Rent the Runway price pattern first instead of the macroeconomic environment surrounding Rent the Runway. By analyzing Rent The's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Rent The's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Rent The specific price patterns or momentum indicators. Please read more on our technical analysis page.
Rent The November 27, 2024 Technical Indicators
Most technical analysis of Rent 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 Rent from various momentum indicators to cycle indicators. When you analyze Rent charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | 0.1239 | |||
| Mean Deviation | 4.23 | |||
| Coefficient Of Variation | (7,313) | |||
| Standard Deviation | 6.44 | |||
| Variance | 41.44 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | 0.0056 | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | 0.1139 | |||
| Maximum Drawdown | 42.97 | |||
| Value At Risk | (8.93) | |||
| Potential Upside | 9.88 | |||
| Skewness | (1.09) | |||
| Kurtosis | 5.11 |
Additional Tools for Rent Stock Analysis
When running Rent The's price analysis, check to measure Rent The'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 Rent The is operating at the current time. Most of Rent The's value examination focuses on studying past and present price action to predict the probability of Rent The's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rent The's price. Additionally, you may evaluate how the addition of Rent The to your portfolios can decrease your overall portfolio volatility.