Ringcentral Stock Market Value
| RNG Stock | USD 29.51 0.15 0.51% |
| Symbol | Ringcentral |
Ringcentral Price To Book Ratio
Is Ringcentral's 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 Ringcentral. If investors know Ringcentral 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 Ringcentral listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.74) | Revenue Per Share 23.205 | Quarterly Revenue Growth 0.089 | Return On Assets (0.06) | Return On Equity (6.89) |
The market value of Ringcentral is measured differently than its book value, which is the value of Ringcentral that is recorded on the company's balance sheet. Investors also form their own opinion of Ringcentral's value that differs from its market value or its book value, called intrinsic value, which is Ringcentral's 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 Ringcentral's market value can be influenced by many factors that don't directly affect Ringcentral's 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 Ringcentral's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ringcentral is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ringcentral's 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.
Ringcentral '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 Ringcentral's 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 Ringcentral.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in Ringcentral on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ringcentral or generate 0.0% return on investment in Ringcentral over 60 days. Ringcentral is related to or competes with C3 Ai, Shopify, Snowflake, and ServiceNow. RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and conne... More
Ringcentral 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 Ringcentral's 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 Ringcentral upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 12.75 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 3.58 |
Ringcentral Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ringcentral's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ringcentral's standard deviation. In reality, there are many statistical measures that can use Ringcentral historical prices to predict the future Ringcentral's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ringcentral's 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.
Ringcentral Backtested Returns
Ringcentral maintains Sharpe Ratio (i.e., Efficiency) of -0.1, which implies the firm had a -0.1% return per unit of risk over the last 3 months. Ringcentral exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ringcentral's Coefficient Of Variation of (1,634), risk adjusted performance of (0.03), and Variance of 6.74 to confirm the risk estimate we provide. The company holds a Beta of 2.23, 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, Ringcentral will likely underperform. Ringcentral has an expected return of -0.27%. Please make sure to check Ringcentral treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Ringcentral performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Ringcentral has very good reverse predictability. Overlapping area represents the amount of predictability between Ringcentral time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 to 23rd 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 Ringcentral price movement. The serial correlation of -0.68 indicates that around 68.0% of current Ringcentral price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 3.66 |
Ringcentral lagged returns against current returns
Autocorrelation, which is Ringcentral 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 Ringcentral's stock expected returns. We can calculate the autocorrelation of Ringcentral returns to help us make a trade decision. For example, suppose you find that Ringcentral 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 |
Ringcentral 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 Ringcentral stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ringcentral stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ringcentral stock over time.
Current vs Lagged Prices |
| Timeline |
Ringcentral Lagged Returns
When evaluating Ringcentral's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ringcentral stock have on its future price. Ringcentral 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, Ringcentral autocorrelation shows the relationship between Ringcentral stock current value and its past values and can show if there is a momentum factor associated with investing in Ringcentral.
Regressed Prices |
| Timeline |
Ringcentral Investors Sentiment
The influence of Ringcentral's 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 Ringcentral. 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 Ringcentral's public news can be used to forecast risks associated with an investment in Ringcentral. The trend in average sentiment can be used to explain how an investor holding Ringcentral can time the market purely based on public headlines and social activities around Ringcentral. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Ringcentral's 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 Ringcentral's 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 Ringcentral's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ringcentral.
Ringcentral Implied Volatility | 65.49 |
Ringcentral's implied volatility exposes the market's sentiment of Ringcentral stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Ringcentral's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Ringcentral stock will not fluctuate a lot when Ringcentral's options are near their expiration.
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 Ringcentral 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, Ringcentral's short interest history, or implied volatility extrapolated from Ringcentral options trading.
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When determining whether Ringcentral is a strong investment it is important to analyze Ringcentral's 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 Ringcentral's future performance. For an informed investment choice regarding Ringcentral Stock, refer to the following important reports:Check out Ringcentral Correlation, Ringcentral Volatility and Ringcentral Alpha and Beta module to complement your research on Ringcentral. For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Ringcentral Stock analysis
When running Ringcentral's price analysis, check to measure Ringcentral'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 Ringcentral is operating at the current time. Most of Ringcentral's value examination focuses on studying past and present price action to predict the probability of Ringcentral's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ringcentral's price. Additionally, you may evaluate how the addition of Ringcentral to your portfolios can decrease your overall portfolio volatility.
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Ringcentral 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.