Rf Industries Stock Market Value
| RFIL Stock | USD 2.99 0.01 0.34% |
| Symbol | RFIL |
Is RF Industries' industry 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 RF Industries. If investors know RFIL 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 RF Industries 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 RF Industries is measured differently than its book value, which is the value of RFIL that is recorded on the company's balance sheet. Investors also form their own opinion of RF Industries' value that differs from its market value or its book value, called intrinsic value, which is RF Industries' 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 RF Industries' market value can be influenced by many factors that don't directly affect RF Industries' 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 RF Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if RF Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RF Industries' 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.
RF Industries '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 RF Industries' 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 RF Industries.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in RF Industries on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding RF Industries or generate 0.0% return on investment in RF Industries over 90 days. RF Industries is related to or competes with Nortech Systems, Richardson Electronics, TSR, and AstroNova. RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and system... More
RF Industries 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 RF Industries' 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 RF Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.32 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 1.86 |
RF Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RF Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RF Industries' standard deviation. In reality, there are many statistical measures that can use RF Industries historical prices to predict the future RF Industries' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.1257 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of RF Industries' 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.
RF Industries Backtested Returns
RF Industries retains Efficiency (Sharpe Ratio) of -0.0327, which implies the firm had a -0.0327% return per unit of price deviation over the last 3 months. RF Industries exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RF Industries' information ratio of (0.09), and Market Risk Adjusted Performance of 0.1357 to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.48, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning RF Industries are expected to decrease at a much lower rate. During the bear market, RF Industries is likely to outperform the market. RF Industries has an expected return of -0.0507%. Please make sure to check RF Industries potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if RF Industries performance from the past will be repeated sooner or later.
Auto-correlation | -0.38 |
Poor reverse predictability
RF Industries has poor reverse predictability. Overlapping area represents the amount of predictability between RF Industries time series from 25th of January 2024 to 10th of March 2024 and 10th of March 2024 to 24th of April 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 RF Industries price movement. The serial correlation of -0.38 indicates that just about 38.0% of current RF Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
RF Industries lagged returns against current returns
Autocorrelation, which is RF Industries 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 RF Industries' stock expected returns. We can calculate the autocorrelation of RF Industries returns to help us make a trade decision. For example, suppose you find that RF Industries 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 |
RF Industries 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 RF Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RF Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RF Industries stock over time.
Current vs Lagged Prices |
| Timeline |
RF Industries Lagged Returns
When evaluating RF Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RF Industries stock have on its future price. RF Industries 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, RF Industries autocorrelation shows the relationship between RF Industries stock current value and its past values and can show if there is a momentum factor associated with investing in RF Industries.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards RF Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, RF Industries' short interest history, or implied volatility extrapolated from RF Industries options trading.
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When determining whether RF Industries is a strong investment it is important to analyze RF Industries' 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 RF Industries' future performance. For an informed investment choice regarding RFIL Stock, refer to the following important reports:Check out RF Industries Correlation, RF Industries Volatility and RF Industries Alpha and Beta module to complement your research on RF Industries. For more information on how to buy RFIL Stock please use our How to buy in RFIL Stock guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for RFIL Stock analysis
When running RF Industries' price analysis, check to measure RF Industries' 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 RF Industries is operating at the current time. Most of RF Industries' value examination focuses on studying past and present price action to predict the probability of RF Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RF Industries' price. Additionally, you may evaluate how the addition of RF Industries to your portfolios can decrease your overall portfolio volatility.
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RF Industries 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.