|Rite Aid Corporation -- USA Stock|| |
USD 1.83 0.02 1.08%
Rite Aid holds performance score of 11 on a scale of zero to a hundred. The organization holds Beta of 3.4728 which implies as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Rite Aid will likely underperform.. Although it is vital to follow to Rite Aid
current trending patterns, it is good to be conservative about what you can actually do with the information regarding equity existing price patterns
. Macroaxis philosophy towards forecasting future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators
. To evaluate if Rite Aid expected return of 1.0292 will be sustainable into the future, we have found twenty-one different technical indicators
which can help you to check if the expected returns are sustainable. Use Rite Aid Value At Risk
as well as the relationship
between Semi Variance
to analyze future returns on Rite Aid.
Rite Aid Relative Risk vs. Return Landscape
If you would invest 154
in Rite Aid Corporation on November 16, 2017
and sell it today you would earn a total of 31
from holding Rite Aid Corporation or generate 20.13%
return on investment over 30
days. Rite Aid Corporation is generating 1.0292% of daily returns assuming volatility of 5.7939% on return distribution over 30 days investment horizon. In other words, 53% of equities are less volatile than the company and above 81% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
Considering 30-days investment horizon, Rite Aid Corporation is expected to generate 12.31 times more return on investment than the market. However, the company is 12.31 times more volatile than its market benchmark. It trades about 0.18 of its potential returns per unit of risk. The DOW is currently generating roughly 0.5 per unit of risk.
Rite Aid Daily Price Distribution
The median price of Rite Aid for the period between Thu, Nov 16, 2017 and Sat, Dec 16, 2017 is 1.81 with a coefficient of variation of 9.32. The daily time series for the period is distributed with a sample standard deviation of 0.17, arithmetic mean of 1.78, and mean deviation of 0.13. The Stock received some media coverage during the period.