Resideo Technologies Stock Market Value
| REZI Stock | USD 19.81 0.03 0.15% |
| Symbol | Resideo |
Resideo Technologies Price To Book Ratio
Is Resideo Technologies' 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 Resideo Technologies. If investors know Resideo 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 Resideo Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.146 | Earnings Share 1.42 | Revenue Per Share 42.463 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0574 |
The market value of Resideo Technologies is measured differently than its book value, which is the value of Resideo that is recorded on the company's balance sheet. Investors also form their own opinion of Resideo Technologies' value that differs from its market value or its book value, called intrinsic value, which is Resideo Technologies' 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 Resideo Technologies' market value can be influenced by many factors that don't directly affect Resideo Technologies' 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 Resideo Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Resideo Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Resideo Technologies' 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.
Resideo Technologies '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 Resideo Technologies' 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 Resideo Technologies.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Resideo Technologies on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Resideo Technologies or generate 0.0% return on investment in Resideo Technologies over 30 days. Resideo Technologies is related to or competes with Allegion PLC, MSA Safety, NL Industries, Brady, Brinks, Mistras, and CompX International. Resideo Technologies, Inc. develops, manufactures, and sells comfort, residential thermal, and security solutions to the... More
Resideo Technologies 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 Resideo Technologies' 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 Resideo Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.053 | |||
| Maximum Drawdown | 27.57 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 2.93 |
Resideo Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Resideo Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Resideo Technologies' standard deviation. In reality, there are many statistical measures that can use Resideo Technologies historical prices to predict the future Resideo Technologies' volatility.| Risk Adjusted Performance | 0.0584 | |||
| Jensen Alpha | 0.0127 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0849 | |||
| Treynor Ratio | 0.0896 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Resideo Technologies' 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.
Resideo Technologies Backtested Returns
Resideo Technologies appears to be not too volatile, given 3 months investment horizon. Resideo Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.0847, which implies the firm had a 0.0847% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Resideo Technologies, which you can use to evaluate the volatility of the company. Please evaluate Resideo Technologies' Coefficient Of Variation of 1241.31, semi deviation of 1.81, and Risk Adjusted Performance of 0.0584 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Resideo Technologies holds a performance score of 6. The company holds a Beta of 3.0, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Resideo Technologies will likely underperform. Please check Resideo Technologies' potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Resideo Technologies' historical price patterns will revert.
Auto-correlation | 0.83 |
Very good predictability
Resideo Technologies has very good predictability. Overlapping area represents the amount of predictability between Resideo Technologies time series from 25th of March 2024 to 9th of April 2024 and 9th of April 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 Resideo Technologies price movement. The serial correlation of 0.83 indicates that around 83.0% of current Resideo Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 1.17 |
Resideo Technologies lagged returns against current returns
Autocorrelation, which is Resideo Technologies 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 Resideo Technologies' stock expected returns. We can calculate the autocorrelation of Resideo Technologies returns to help us make a trade decision. For example, suppose you find that Resideo Technologies 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 |
Resideo Technologies 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 Resideo Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Resideo Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Resideo Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Resideo Technologies Lagged Returns
When evaluating Resideo Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Resideo Technologies stock have on its future price. Resideo Technologies 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, Resideo Technologies autocorrelation shows the relationship between Resideo Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Resideo Technologies.
Regressed Prices |
| Timeline |
Resideo Technologies Investors Sentiment
The influence of Resideo Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Resideo. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Resideo Technologies' public news can be used to forecast risks associated with an investment in Resideo. The trend in average sentiment can be used to explain how an investor holding Resideo can time the market purely based on public headlines and social activities around Resideo Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Resideo Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Resideo Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Resideo Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Resideo Technologies.
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 Resideo Technologies 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, Resideo Technologies' short interest history, or implied volatility extrapolated from Resideo Technologies options trading.
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When determining whether Resideo Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Resideo Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Resideo Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Resideo Technologies Stock:Check out Resideo Technologies Correlation, Resideo Technologies Volatility and Resideo Technologies Alpha and Beta module to complement your research on Resideo Technologies. For more detail on how to invest in Resideo Stock please use our How to Invest in Resideo Technologies guide.Note that the Resideo Technologies information on this page should be used as a complementary analysis to other Resideo Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Resideo Stock analysis
When running Resideo Technologies' price analysis, check to measure Resideo Technologies' 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 Resideo Technologies is operating at the current time. Most of Resideo Technologies' value examination focuses on studying past and present price action to predict the probability of Resideo Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Resideo Technologies' price. Additionally, you may evaluate how the addition of Resideo Technologies to your portfolios can decrease your overall portfolio volatility.
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Resideo Technologies 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.