Resonant Story

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RESN -- USA Stock  

USD 3.68  0.26  6.60%

It seems Resonant may not recover as fast as we have hopped for as its price went down 2.96% today. This firm current daily volatility is 8.0 percent, with a beta of 0.38 and an alpha of 1.45 over DOW. As many baby boomers are still indifferent towards current volatility, Resonant. What exactly are Resonant shareholders getting in April?
Published over a month ago
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Should you trade Resonant after the latest volatility slide?
Resonant conducts business under Technology sector and is part of Semiconductors industry.
Resonant holds a performance score of 14 on a scale of zero to a hundred. The company holds a Beta of 0.3756, which implies possible diversification benefits within a given portfolio. Let's try to break down what Resonant's beta means in this case. As returns on the market increase, Resonant returns are expected to increase less than the market. However, during the bear market, the loss on holding Resonant will be expected to be smaller as well. Although it is essential to pay attention to Resonant current trending patterns, it is also good to be reasonable about what you can do with equity existing price patterns. Our philosophy towards forecasting future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if Resonant expected return of 1.63 will be sustainable into the future, we have found twenty-seven different technical indicators, which can help you to check if the expected returns are sustainable. Use Resonant potential upside, as well as the relationship between the kurtosis and day typical price to analyze future returns on Resonant.
Investing in Resonant, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Resonant along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Resonant's stock 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. Please use the tools below to analyze the current value of Resonant in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Resonant. Your research has to be compared to or analyzed against Resonant's peers to derive any actionable benefits. When done correctly, Resonant's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Resonant.

How important is Resonant's Liquidity

Resonant financial leverage refers to using borrowed capital as a funding source to finance Resonant ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Resonant financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Resonant's total debt and its cash.

How Resonant utilizes its cash?

To perform a cash flow analysis of Resonant, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Resonant is receiving and how much cash it distributes out in a given period. The Resonant cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Resonant Correlation with Peers

Investors in Resonant can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Resonant. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Resonant and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Resonant is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage.
Please check volatility of Resonant for more details

Sale by Marybeth Carberry of 4000 shares of Resonant

Legal trades by Resonant insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Resonant insider trading alert for sale of common stock by Marybeth Carberry, Exec VP of Business Operations, on 2nd of April 2021. This event was filed by Resonant Inc with SEC on 2021-04-02. Statement of changes in beneficial ownership - SEC Form 4. Marybeth Carberry currently serves as vice president - business operations of Resonant [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Another Deeper Perspective

Resonant is risky given 1 month investment horizon. Resonant maintains Sharpe Ratio (i.e. Efficiency) of 0.2, which implies the firm had 0.2% of return per unit of risk over the last month. Our standpoint towards forecasting the risk of a stock is to use both market data as well as company specific technical data. We are able to interpolate and collect twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.63% are justified by taking the suggested risk. Use Resonant Risk Adjusted Performance of 0.1701, coefficient of variation of 519.14, and Semi Deviation of 4.76 to evaluate company specific risk that cannot be diversified away.
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0.540.870.850.87
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Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Our take on Resonant small slide

Latest variance is at 61.47. Resonant is displaying above-average volatility over the selected time horizon. Investors should scrutinize Resonant independently to ensure intended market timing strategies are aligned with expectations about Resonant volatility. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Resonant's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Resonant's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Conclusion on Resonant

Whereas many of the other players in the semiconductors industry are either recovering or due for a correction, Resonant may not be as strong as the others in terms of longer-term growth potentials. To conclude, as of the 14th of March 2021, our analysis shows that Resonant slowly supersedes the market. The company is undervalued and projects very low odds of distress for the next 2 years. Our overall 30 days 'Buy-Sell' recommendation on the company is Hold.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Resonant. Please refer to our Terms of Use for any information regarding our disclosure principles.

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