Raytheon Technologies Corp Stock Market Value
| RTX Stock | USD 100.75 0.09 0.09% |
| Symbol | Raytheon |
Raytheon Technologies Price To Book Ratio
Is Raytheon Technologies' 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 Raytheon Technologies. If investors know Raytheon 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 Raytheon Technologies 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 0.091 | Dividend Share 2.32 | Earnings Share 2.23 | Revenue Per Share 48.331 | Quarterly Revenue Growth 0.101 |
The market value of Raytheon Technologies is measured differently than its book value, which is the value of Raytheon that is recorded on the company's balance sheet. Investors also form their own opinion of Raytheon Technologies' value that differs from its market value or its book value, called intrinsic value, which is Raytheon Technologies' 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 Raytheon Technologies' market value can be influenced by many factors that don't directly affect Raytheon Technologies' 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 Raytheon Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Raytheon Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Raytheon Technologies' 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.
Raytheon Technologies '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 Raytheon Technologies' 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 Raytheon Technologies.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Raytheon Technologies on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Raytheon Technologies Corp or generate 0.0% return on investment in Raytheon Technologies over 30 days. Raytheon Technologies is related to or competes with Northrop Grumman, General Dynamics, Boeing, L3Harris Technologies, Lockheed Martin, Huntington Ingalls, and Virgin Galactic. Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for the commercial, m... More
Raytheon Technologies 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 Raytheon Technologies' 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 Raytheon Technologies Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6385 | |||
| Information Ratio | 0.1957 | |||
| Maximum Drawdown | 6.91 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.63 |
Raytheon Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Raytheon Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Raytheon Technologies' standard deviation. In reality, there are many statistical measures that can use Raytheon Technologies historical prices to predict the future Raytheon Technologies' volatility.| Risk Adjusted Performance | 0.1624 | |||
| Jensen Alpha | 0.2301 | |||
| Total Risk Alpha | 0.1676 | |||
| Sortino Ratio | 0.303 | |||
| Treynor Ratio | 1.23 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Raytheon Technologies' 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.
Raytheon Technologies Backtested Returns
Raytheon Technologies appears to be very steady, given 3 months investment horizon. Raytheon Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.28, which implies the firm had a 0.28% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Raytheon Technologies, which you can use to evaluate the volatility of the company. Please evaluate Raytheon Technologies' Risk Adjusted Performance of 0.1624, coefficient of variation of 396.99, and Semi Deviation of 0.1714 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Raytheon Technologies holds a performance score of 21. The company holds a Beta of 0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, Raytheon Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Raytheon Technologies is expected to be smaller as well. Please check Raytheon Technologies' downside variance, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Raytheon Technologies' historical price patterns will revert.
Auto-correlation | 0.09 |
Virtually no predictability
Raytheon Technologies Corp has virtually no predictability. Overlapping area represents the amount of predictability between Raytheon Technologies time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Raytheon Technologies price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Raytheon Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.46 |
Raytheon Technologies lagged returns against current returns
Autocorrelation, which is Raytheon Technologies 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 Raytheon Technologies' stock expected returns. We can calculate the autocorrelation of Raytheon Technologies returns to help us make a trade decision. For example, suppose you find that Raytheon Technologies 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 |
Raytheon Technologies 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 Raytheon Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Raytheon Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Raytheon Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Raytheon Technologies Lagged Returns
When evaluating Raytheon Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Raytheon Technologies stock have on its future price. Raytheon Technologies 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, Raytheon Technologies autocorrelation shows the relationship between Raytheon Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Raytheon Technologies Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Raytheon Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Raytheon Technologies' 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 Raytheon Technologies Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Raytheon Technologies Corp Stock:Check out Raytheon Technologies Correlation, Raytheon Technologies Volatility and Raytheon Technologies Alpha and Beta module to complement your research on Raytheon Technologies. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Raytheon Stock analysis
When running Raytheon Technologies' price analysis, check to measure Raytheon Technologies' 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 Raytheon Technologies is operating at the current time. Most of Raytheon Technologies' value examination focuses on studying past and present price action to predict the probability of Raytheon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Raytheon Technologies' price. Additionally, you may evaluate how the addition of Raytheon Technologies to your portfolios can decrease your overall portfolio volatility.
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Raytheon Technologies 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.