Rite Aid Corporation holds Coefficient Of Variation of 387.02, Semi Deviation of 1.97 and Risk Adjusted Performance of 0.1245. Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of Rite Aid as well as the relationship between them. In other words you can use this information to find out if the company will indeed mirror its model of past market data or the prices will eventually revert. We found nineteen technical drivers for Rite Aid which can be compared to its competitors. Please check Rite Aid Value At Risk as well as the relationship between Semi Variance and Kurtosis to decide if Rite Aid is priced some-what accurately providing market reflects its current price of 2.31 per share. Please also confirm Rite Aid Total Risk Alpha which is currently at (0.95) to check out the company can sustain itself at future point.
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Rite Aid Technical Analysis
Rite Aid Trend AnalysisUse this graph to draw trend lines for Rite Aid Corporation. You can use it to identify possible trend reversals for Rite Aid 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 Rite Aid price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Rite Aid Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Rite Aid Corporation applied against its price change over selected period. The best fit line has a slop of 0.023015 % which may imply that Rite Aid Corporation will maintain its good market sentiment and make money for investors. It has 34 observation points and a regression sum of squares at 0.43, which is the sum of squared deviations for the predicted Rite Aid price change compared to its average price change.
Rite Aid Corporation is rated second in mean deviation category among related companies. It is currently under evaluation in standard deviation category among related companies creating about 1.39 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Rite Aid Corporation is roughly 1.39