Ringcentral Stock Performance
| RNG Stock | USD 30.71 0.70 2.23% |
The company holds a Beta of 2.07, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ringcentral will likely underperform. Ringcentral has an expected return of -0.0943%. Please make sure to check Ringcentral treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Ringcentral performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Ringcentral has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Ringcentral is not utilizing all of its potentials. The recent stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
Actual Historical Performance (%)
One Day Return (2.23) | Five Day Return (5.91) | Year To Date Return (5.68) | Ten Year Return 85.9 | All Time Return 68.74 |
1 | RingCentral Full Year 2023 Earnings EPS Beats Expectations | 02/22/2024 |
2 | Q4 2023 RingCentral Inc Earnings Call Transcript | 02/28/2024 |
3 | Disposition of 587 shares by Kenneth Goldman of Ringcentral at 35.088 subject to Rule 16b-3 | 03/07/2024 |
4 | RingCentral, Inc. Director Sells 44,362.89 in Stock | 03/11/2024 |
5 | Disposition of 14113 shares by Vaibhav Agarwal of Ringcentral at 34.837 subject to Rule 16b-3 | 03/15/2024 |
6 | NEWS RELEASE BCUC Issues Decision on FortisBCs Revised Renewable Natural Gas Program | 03/20/2024 |
7 | Are You a Value Investor This 1 Stock Could Be the Perfect Pick | 03/22/2024 |
8 | Heres Why RingCentral is a Strong Momentum Stock | 03/26/2024 |
9 | Nopetro Renewables Breaks Ground on Southern Floridas First Landfill Gas to Renewable Natural Gas Production Facility | 03/27/2024 |
10 | Brightspeed Launches Brightspeed Voice with RingCentral for Enterprise Customers | 04/02/2024 |
11 | Vaibhav Agarwal Sells 1984 Shares of RingCentral, Inc. Stock - Defense World | 04/05/2024 |
12 | Brightmark RNG Holdings Completes Eloy Development, Launching Renewable Natural Gas Production in the US Southwest | 04/10/2024 |
13 | Ringcentral Aids Communication With Giants Partnership | 04/12/2024 |
| Begin Period Cash Flow | 270 M |
Ringcentral |
Ringcentral Relative Risk vs. Return Landscape
If you would invest 3,327 in Ringcentral on January 17, 2024 and sell it today you would lose (256.00) from holding Ringcentral or give up 7.69% of portfolio value over 90 days. Ringcentral is generating negative expected returns assuming volatility of 2.6572% on return distribution over 90 days investment horizon. In other words, 23% of stocks are less volatile than Ringcentral, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Ringcentral Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ringcentral's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Ringcentral, and traders can use it to determine the average amount a Ringcentral's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0355
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | RNG |
Estimated Market Risk
| 2.66 actual daily | 23 77% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ringcentral is not performing at its full potential. However, 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 Ringcentral by adding Ringcentral to a well-diversified portfolio.
Ringcentral Fundamentals Growth
Ringcentral Stock prices reflect investors' perceptions of the future prospects and financial health of Ringcentral, and Ringcentral fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Ringcentral Stock performance.
| Return On Equity | -6.89 | ||||
| Return On Asset | -0.0558 | ||||
| Profit Margin | (0.07) % | ||||
| Operating Margin | (0.07) % | ||||
| Current Valuation | 4.41 B | ||||
| Shares Outstanding | 82.39 M | ||||
| Price To Earning | (107.63) X | ||||
| Price To Book | 102.83 X | ||||
| Price To Sales | 1.32 X | ||||
| Revenue | 2.2 B | ||||
| Gross Profit | 1.35 B | ||||
| EBITDA | 75.97 M | ||||
| Net Income | (165.24 M) | ||||
| Cash And Equivalents | 269.98 M | ||||
| Cash Per Share | 3.21 X | ||||
| Total Debt | 1.79 B | ||||
| Current Ratio | 1.19 X | ||||
| Book Value Per Share | (5.38) X | ||||
| Cash Flow From Operations | 420.5 M | ||||
| Earnings Per Share | (1.74) X | ||||
| Market Capitalization | 2.9 B | ||||
| Total Asset | 1.94 B | ||||
| Retained Earnings | (1.7 B) | ||||
| Working Capital | 216.1 M | ||||
| Current Asset | 171.05 M | ||||
| Current Liabilities | 80.57 M | ||||
About Ringcentral Performance
To evaluate Ringcentral Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Ringcentral generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Ringcentral Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Ringcentral market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Ringcentral's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 0.82 | 0.78 | |
| Return On Tangible Assets | (0.11) | (0.12) | |
| Return On Capital Employed | (0.14) | (0.14) | |
| Return On Assets | (0.08) | (0.09) | |
| Return On Equity | 0.33 | 0.35 |
Things to note about Ringcentral performance evaluation
Checking the ongoing alerts about Ringcentral for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Ringcentral help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Ringcentral generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 2.2 B. Reported Net Loss for the year was (165.24 M) with profit before taxes, overhead, and interest of 1.35 B. | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Ringcentral Aids Communication With Giants Partnership |
- Analyzing Ringcentral's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Ringcentral's stock is overvalued or undervalued compared to its peers.
- Examining Ringcentral's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Ringcentral's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ringcentral's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Ringcentral's stock. These opinions can provide insight into Ringcentral's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ringcentral. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Ringcentral Stock analysis
When running Ringcentral's price analysis, check to measure Ringcentral'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 Ringcentral is operating at the current time. Most of Ringcentral's value examination focuses on studying past and present price action to predict the probability of Ringcentral's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ringcentral's price. Additionally, you may evaluate how the addition of Ringcentral to your portfolios can decrease your overall portfolio volatility.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
Is Ringcentral'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 Ringcentral. If investors know Ringcentral 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 Ringcentral listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.74) | Revenue Per Share 23.205 | Quarterly Revenue Growth 0.089 | Return On Assets (0.06) | Return On Equity (6.89) |
The market value of Ringcentral is measured differently than its book value, which is the value of Ringcentral that is recorded on the company's balance sheet. Investors also form their own opinion of Ringcentral's value that differs from its market value or its book value, called intrinsic value, which is Ringcentral'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 Ringcentral's market value can be influenced by many factors that don't directly affect Ringcentral'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 Ringcentral's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ringcentral is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ringcentral'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.