Reading International B Stock Market Value
| RDIB Stock | USD 15.00 0.45 3.09% |
| Symbol | Reading |
Reading International Price To Book Ratio
Is Reading International'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 Reading International. If investors know Reading 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 Reading International 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 (0.29) | Earnings Share (1.38) | Revenue Per Share 10.023 | Quarterly Revenue Growth (0.04) | Return On Assets (0.01) |
The market value of Reading International is measured differently than its book value, which is the value of Reading that is recorded on the company's balance sheet. Investors also form their own opinion of Reading International's value that differs from its market value or its book value, called intrinsic value, which is Reading International'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 Reading International's market value can be influenced by many factors that don't directly affect Reading International'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 Reading International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reading International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reading International'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.
Reading International '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 Reading International'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 Reading International.
| 04/25/2023 |
| 04/19/2024 |
If you would invest 0.00 in Reading International on April 25, 2023 and sell it all today you would earn a total of 0.00 from holding Reading International B or generate 0.0% return on investment in Reading International over 360 days. Reading International is related to or competes with News Corp, and Warner Bros. Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of ent... More
Reading International 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 Reading International'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 Reading International B upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.0363 | |||
| Maximum Drawdown | 13.37 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 4.01 |
Reading International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reading International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reading International's standard deviation. In reality, there are many statistical measures that can use Reading International historical prices to predict the future Reading International's volatility.| Risk Adjusted Performance | 0.0459 | |||
| Jensen Alpha | 0.1674 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0337 | |||
| Treynor Ratio | (0.80) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Reading International'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.
Reading International Backtested Returns
Reading International appears to be not too volatile, given 3 months investment horizon. Reading International maintains Sharpe Ratio (i.e., Efficiency) of 0.0964, which implies the firm had a 0.0964% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Reading International, which you can use to evaluate the volatility of the company. Please evaluate Reading International's Coefficient Of Variation of 1615.62, semi deviation of 2.28, and Risk Adjusted Performance of 0.0459 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Reading International holds a performance score of 7. The company holds a Beta of -0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Reading International are expected to decrease at a much lower rate. During the bear market, Reading International is likely to outperform the market. Please check Reading International's coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to make a quick decision on whether Reading International's historical price patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Reading International B has modest reverse predictability. Overlapping area represents the amount of predictability between Reading International time series from 25th of April 2023 to 22nd of October 2023 and 22nd of October 2023 to 19th 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 Reading International price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Reading International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 1.93 |
Reading International lagged returns against current returns
Autocorrelation, which is Reading International 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 Reading International's stock expected returns. We can calculate the autocorrelation of Reading International returns to help us make a trade decision. For example, suppose you find that Reading International 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 |
Reading International 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 Reading International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reading International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reading International stock over time.
Current vs Lagged Prices |
| Timeline |
Reading International Lagged Returns
When evaluating Reading International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reading International stock have on its future price. Reading International 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, Reading International autocorrelation shows the relationship between Reading International stock current value and its past values and can show if there is a momentum factor associated with investing in Reading International B.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Reading International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Reading International'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 Reading International B Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Reading International B Stock:Check out Reading International Correlation, Reading International Volatility and Reading International Alpha and Beta module to complement your research on Reading International. For information on how to trade Reading Stock refer to our How to Trade Reading Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Reading Stock analysis
When running Reading International's price analysis, check to measure Reading International'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 Reading International is operating at the current time. Most of Reading International's value examination focuses on studying past and present price action to predict the probability of Reading International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reading International's price. Additionally, you may evaluate how the addition of Reading International to your portfolios can decrease your overall portfolio volatility.
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Reading International 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.