Royal Bank Of Stock Price on May 23, 2024
| RY Stock | USD 97.38 0.55 0.57% |
Below is the normalized historical share price chart for Royal Bank of extending back to October 16, 1995. 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 Royal Bank stands at 97.38, as last reported on the 2nd of May, with the highest price reaching 97.38 and the lowest price hitting 97.38 during the day.
If you're considering investing in Royal Stock, it is important to understand the factors that can impact its price. We consider Royal Bank very steady. Royal Bank maintains Sharpe Ratio (i.e., Efficiency) of 0.0208, which implies the firm had a 0.0208% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Royal Bank, which you can use to evaluate the volatility of the company. Please check Royal Bank's Coefficient Of Variation of (8,334), variance of 0.9037, and Risk Adjusted Performance of (0) to confirm if the risk estimate we provide is consistent with the expected return of 0.0198%.
At this time, Royal Bank's Liabilities And Stockholders Equity is fairly stable compared to the past year. Stock Based Compensation is likely to rise to about 905.8 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 3.4 B in 2024. . At this time, Royal Bank's Price Earnings Ratio is fairly stable compared to the past year. Price Book Value Ratio is likely to rise to 1.50 in 2024, whereas Price To Sales Ratio is likely to drop 2.12 in 2024. Royal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 16th of October 1995 | 200 Day MA 93.7642 | 50 Day MA 99.035 | Beta 0.83 |
Royal |
Sharpe Ratio = 0.0208
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Estimated Market Risk
| 0.95 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Royal Bank is performing at about 1% 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 Royal Bank by adding it to a well-diversified portfolio.
Price Book 1.7604 | Price Sales 2.6188 | Shares Float 1.4 B | Dividend Share 5.4 | Wall Street Target Price 99.14 |
Royal Bank Valuation on May 23, 2024
It is possible to determine the worth of Royal Bank on a given historical date. On May 23, 2024 Royal was worth 96.83 at the beginning of the trading date compared to the closed value of 97.38. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Royal Bank stock. Still, in general, we apply an absolute valuation method to find Royal Bank'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 Royal Bank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Royal Bank's related companies.
| Open | High | Low | Close | Volume | |
| 96.98 | 98.29 | 96.52 | 97.38 | 534,757 | |
05/02/2024 | 96.83 | 97.38 | 97.38 | 97.38 | 0.00 |
| Backtest Royal Bank | | | Royal Bank History | | | Royal Bank Valuation | Previous |
Royal Bank Trading Date Momentum on May 23, 2024
| On May 02 2024 Royal Bank of was traded for 97.38 at the closing time. The highest price during the trading period was 97.38 and the lowest recorded bid was listed for 97.38 . There was no trading activity during the period 0.0. Lack of trading volume on May 2, 2024 did not cause price change. The trading delta at closing time to the current price is 0.56% . |
Royal Bank Fundamentals Correlations and Trends
By evaluating Royal Bank'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 Royal Bank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Royal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Royal Bank Stock history
Royal Bank 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 Royal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Royal Bank 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 Royal Bank stock prices may prove useful in developing a viable investing in Royal Bank
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.6 B | 1.5 B | |
| Net Income Applicable To Common Shares | 433.2 M | 411.6 M |
Royal Bank Stock Technical Analysis
Royal Bank 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
Royal Bank Period Price Range
Low | May 2, 2024
| High |
96.83 | 97.38 |
Royal Bank May 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Royal Bank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Royal Bank shares will generate the highest return on investment. By undertsting and applying Royal Bank stock market strength indicators, traders can identify Royal Bank of entry and exit signals to maximize returns
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 97.38 | |||
| Day Typical Price | 97.38 | |||
| Price Action Indicator | 0.27 | |||
| Period Momentum Indicator | 0.55 |
Royal Bank Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Royal Bank's price direction in advance. Along with the technical and fundamental analysis of Royal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Royal 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) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.02) |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Bank of. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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When running Royal Bank's price analysis, check to measure Royal Bank'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 Royal Bank is operating at the current time. Most of Royal Bank's value examination focuses on studying past and present price action to predict the probability of Royal Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royal Bank's price. Additionally, you may evaluate how the addition of Royal Bank to your portfolios can decrease your overall portfolio volatility.
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Is Royal Bank'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 Royal Bank. If investors know Royal 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 Royal Bank 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 0.121 | Dividend Share 5.4 | Earnings Share 7.88 | Revenue Per Share 38.304 | Quarterly Revenue Growth (0.01) |
The market value of Royal Bank is measured differently than its book value, which is the value of Royal that is recorded on the company's balance sheet. Investors also form their own opinion of Royal Bank's value that differs from its market value or its book value, called intrinsic value, which is Royal Bank'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 Royal Bank's market value can be influenced by many factors that don't directly affect Royal Bank'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 Royal Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royal Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royal Bank'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.