Reading International B Stock Technical Analysis
RDIB Stock | USD 15.70 1.00 6.80% |
As of the 24th of April, Reading International holds the Risk Adjusted Performance of 0.0438, semi deviation of 2.09, and Coefficient Of Variation of 1720.16. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Reading International, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for Reading International, which can be compared to its competitors. Please check Reading International coefficient of variation, maximum drawdown, skewness, as well as the relationship between the information ratio and downside variance to decide if Reading International is priced some-what accurately, providing market reflects its current price of 15.7 per share. Given that Reading International has jensen alpha of 0.1828, we recommend you to check out Reading International's recent market performance to make sure the company can sustain itself at a future point.
Reading International Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Reading, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ReadingReading |
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.
Reading International Technical Analysis
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Reading International volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Reading International Trend Analysis
Use this graph to draw trend lines for Reading International B. You can use it to identify possible trend reversals for Reading International as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Reading International price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Reading International Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Reading International B applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Reading International B will continue generating value for investors. It has 122 observation points and a regression sum of squares at 12.59, which is the sum of squared deviations for the predicted Reading International price change compared to its average price change.About Reading International Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Reading International B on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Reading International B based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Reading International price pattern first instead of the macroeconomic environment surrounding Reading International. By analyzing Reading International's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Reading International's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Reading International specific price patterns or momentum indicators. Please read more on our technical analysis page.
2023 | 2024 (projected) | Dividend Yield | 4.53E-4 | 4.3E-4 | Price To Sales Ratio | 0.19 | 0.18 |
Reading International April 24, 2024 Technical Indicators
Most technical analysis of Reading help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Reading from various momentum indicators to cycle indicators. When you analyze Reading charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0438 | |||
Market Risk Adjusted Performance | (0.28) | |||
Mean Deviation | 1.84 | |||
Semi Deviation | 2.09 | |||
Downside Deviation | 2.74 | |||
Coefficient Of Variation | 1720.16 | |||
Standard Deviation | 2.59 | |||
Variance | 6.72 | |||
Information Ratio | 0.0214 | |||
Jensen Alpha | 0.1828 | |||
Total Risk Alpha | (0.21) | |||
Sortino Ratio | 0.0202 | |||
Treynor Ratio | (0.29) | |||
Maximum Drawdown | 13.37 | |||
Value At Risk | (4.04) | |||
Potential Upside | 4.01 | |||
Downside Variance | 7.48 | |||
Semi Variance | 4.37 | |||
Expected Short fall | (2.32) | |||
Skewness | 0.5577 | |||
Kurtosis | 1.19 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reading International B. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Reading Stock refer to our How to Trade Reading Stock guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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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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.