Rio Tinto Adr Stock Price on March 7, 2024
| RIO Stock | USD 68.08 0.23 0.34% |
Below is the normalized historical share price chart for Rio Tinto ADR extending back to June 28, 1990. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Rio Tinto stands at 68.08, as last reported on the 6th of June, with the highest price reaching 68.08 and the lowest price hitting 68.08 during the day.
If you're considering investing in Rio Stock, it is important to understand the factors that can impact its price. We consider Rio Tinto very steady. Rio Tinto ADR maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Rio Tinto ADR, which you can use to evaluate the volatility of the company. Please check Rio Tinto's Semi Deviation of 1.14, risk adjusted performance of 0.0719, and Coefficient Of Variation of 945.36 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%.
At this time, Rio Tinto's Total Stockholder Equity is very stable compared to the past year. As of the 6th of June 2024, Common Stock Total Equity is likely to grow to about 4.8 B, while Liabilities And Stockholders Equity is likely to drop about 59.2 B. . At this time, Rio Tinto's Price To Sales Ratio is very stable compared to the past year. As of the 6th of June 2024, Price To Free Cash Flows Ratio is likely to grow to 15.70, while Price Earnings Ratio is likely to drop 11.40. Rio Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 28th of June 1990 | 200 Day MA 66.7281 | 50 Day MA 68.0378 | Beta 0.632 |
Rio |
Sharpe Ratio = 0.1055
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Estimated Market Risk
| 1.32 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Rio Tinto is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Rio Tinto by adding it to a well-diversified portfolio.
Price Book 1.9629 | Enterprise Value Ebitda 5.4157 | Price Sales 1.9827 | Shares Float 1.4 B | Dividend Share 4.349 |
Related Headline
BAIYU Holdings Headline on 7th of March 2024
Tamin Lipsey scored 19 points and Curtis Jones added 18 to help No. 6 Iowa State finish the season undefeated at home for the first time in 23 years with a 68-63 win over No. 20 Brigham Young on Wednesday night. BYU failed in its bid to knock off a top 10 team for the second time in as many weeks. The Cougars were led by Ricjie Saunders 20 points.
Rio Tinto Valuation on March 7, 2024
It is possible to determine the worth of Rio Tinto on a given historical date. On March 7, 2024 Rio was worth 64.11 at the beginning of the trading date compared to the closed value of 63.67. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rio Tinto stock. Still, in general, we apply an absolute valuation method to find Rio Tinto's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Rio Tinto where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rio Tinto's related companies.
| Open | High | Low | Close | Volume | |
| 65.20 | 65.49 | 62.27 | 62.27 | 2,617,918 | |
03/07/2024 | 64.11 | 64.33 | 63.61 | 63.67 | 3,408,475 |
| 63.41 | 63.48 | 62.58 | 62.69 | 3,068,259 |
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Rio Tinto Trading Date Momentum on March 7, 2024
| On March 08 2024 Rio Tinto ADR was traded for 62.69 at the closing time. Highest Rio Tinto's price during the trading hours was 63.48 and the lowest price during the day was 62.58 . The net volume was 3.1 M. The overall trading history on the 8th of March contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.54% . The trading delta at closing time to current price is 1.12% . |
Rio Tinto ADR Fundamentals Correlations and Trends
By evaluating Rio Tinto's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Rio Tinto's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rio financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rio Tinto Stock history
Rio Tinto investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Rio is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rio Tinto ADR will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Rio Tinto stock prices may prove useful in developing a viable investing in Rio Tinto
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.6 B | 2.2 B | |
| Net Income Applicable To Common Shares | 14.3 B | 7.3 B |
Rio Tinto Quarterly Net Working Capital |
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Rio Tinto Stock Technical Analysis
Rio Tinto 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.
Price Boundaries
Rio Tinto Period Price Range
Low | March 7, 2024
| High |
64.11 | 63.67 |
Rio Tinto June 6, 2024 Market Strength
Market strength indicators help investors to evaluate how Rio Tinto stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rio Tinto shares will generate the highest return on investment. By undertsting and applying Rio Tinto stock market strength indicators, traders can identify Rio Tinto ADR entry and exit signals to maximize returns
Rio Tinto Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rio Tinto's price direction in advance. Along with the technical and fundamental analysis of Rio Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rio to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0719 | |||
| Jensen Alpha | 0.1156 | |||
| Total Risk Alpha | 0.0973 | |||
| Sortino Ratio | 0.0925 | |||
| Treynor Ratio | 0.1224 |
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Additional Information and Resources on Investing in Rio Stock
When determining whether Rio Tinto ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Rio Tinto's 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 Rio Tinto Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rio Tinto Adr Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rio Tinto ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Diversified Metals & Mining space 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 Rio Tinto. If investors know Rio 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 Rio Tinto 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 0.431 | Dividend Share 4.349 | Earnings Share 6.17 | Revenue Per Share 33.33 | Quarterly Revenue Growth 0.062 |
The market value of Rio Tinto ADR is measured differently than its book value, which is the value of Rio that is recorded on the company's balance sheet. Investors also form their own opinion of Rio Tinto's value that differs from its market value or its book value, called intrinsic value, which is Rio Tinto'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 Rio Tinto's market value can be influenced by many factors that don't directly affect Rio Tinto'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 Rio Tinto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rio Tinto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rio Tinto'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.