Royal Caribbean Cruises Stock Market Value
RCL Stock | USD 126.60 0.57 0.45% |
Symbol | Royal |
Royal Caribbean Cruises Price To Book Ratio
Is Royal Caribbean'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 Royal Caribbean. If investors know Royal 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 Royal Caribbean 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 27.254 | Earnings Share 6.28 | Revenue Per Share 54.297 | Quarterly Revenue Growth 0.28 | Return On Assets 0.0525 |
The market value of Royal Caribbean Cruises is measured differently than its book value, which is the value of Royal that is recorded on the company's balance sheet. Investors also form their own opinion of Royal Caribbean's value that differs from its market value or its book value, called intrinsic value, which is Royal Caribbean'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 Royal Caribbean's market value can be influenced by many factors that don't directly affect Royal Caribbean'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 Royal Caribbean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royal Caribbean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royal Caribbean'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.
Royal Caribbean '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 Royal Caribbean'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 Royal Caribbean.
01/18/2024 |
| 04/17/2024 |
If you would invest 0.00 in Royal Caribbean on January 18, 2024 and sell it all today you would earn a total of 0.00 from holding Royal Caribbean Cruises or generate 0.0% return on investment in Royal Caribbean over 90 days. Royal Caribbean is related to or competes with Yatra Online, Despegar Corp, Mondee Holdings, MakeMyTrip, and TripAdvisor. Royal Caribbean Cruises Ltd. operates as a cruise company worldwide More
Royal Caribbean 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 Royal Caribbean'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 Royal Caribbean Cruises upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.93 | |||
Information Ratio | (0.0007) | |||
Maximum Drawdown | 11.21 | |||
Value At Risk | (3.31) | |||
Potential Upside | 3.08 |
Royal Caribbean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royal Caribbean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royal Caribbean's standard deviation. In reality, there are many statistical measures that can use Royal Caribbean historical prices to predict the future Royal Caribbean's volatility.Risk Adjusted Performance | 0.0253 | |||
Jensen Alpha | (0.01) | |||
Total Risk Alpha | (0.1) | |||
Sortino Ratio | (0.0007) | |||
Treynor Ratio | 0.0366 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Royal Caribbean'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.
Royal Caribbean Cruises Backtested Returns
We consider Royal Caribbean very steady. Royal Caribbean Cruises maintains Sharpe Ratio (i.e., Efficiency) of 0.0181, which implies the firm had a 0.0181% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Royal Caribbean Cruises, which you can use to evaluate the volatility of the company. Please check Royal Caribbean's Coefficient Of Variation of 3393.14, risk adjusted performance of 0.0253, and Semi Deviation of 1.82 to confirm if the risk estimate we provide is consistent with the expected return of 0.0348%. Royal Caribbean has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 1.27, 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, Royal Caribbean will likely underperform. Royal Caribbean Cruises right now holds a risk of 1.93%. Please check Royal Caribbean Cruises expected short fall, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Royal Caribbean Cruises will be following its historical price patterns.
Auto-correlation | -0.81 |
Excellent reverse predictability
Royal Caribbean Cruises has excellent reverse predictability. Overlapping area represents the amount of predictability between Royal Caribbean time series from 18th of January 2024 to 3rd of March 2024 and 3rd of March 2024 to 17th 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 Royal Caribbean Cruises price movement. The serial correlation of -0.81 indicates that around 81.0% of current Royal Caribbean price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.81 | |
Spearman Rank Test | -0.22 | |
Residual Average | 0.0 | |
Price Variance | 23.66 |
Royal Caribbean Cruises lagged returns against current returns
Autocorrelation, which is Royal Caribbean 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 Royal Caribbean's stock expected returns. We can calculate the autocorrelation of Royal Caribbean returns to help us make a trade decision. For example, suppose you find that Royal Caribbean 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 |
Royal Caribbean 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 Royal Caribbean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royal Caribbean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royal Caribbean stock over time.
Current vs Lagged Prices |
Timeline |
Royal Caribbean Lagged Returns
When evaluating Royal Caribbean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royal Caribbean stock have on its future price. Royal Caribbean 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, Royal Caribbean autocorrelation shows the relationship between Royal Caribbean stock current value and its past values and can show if there is a momentum factor associated with investing in Royal Caribbean Cruises.
Regressed Prices |
Timeline |
Royal Caribbean Investors Sentiment
The influence of Royal Caribbean's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Royal. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Royal Caribbean's public news can be used to forecast risks associated with an investment in Royal. The trend in average sentiment can be used to explain how an investor holding Royal can time the market purely based on public headlines and social activities around Royal Caribbean Cruises. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Royal Caribbean's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Royal Caribbean's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Royal Caribbean's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Royal Caribbean.
Royal Caribbean Implied Volatility | 58.61 |
Royal Caribbean's implied volatility exposes the market's sentiment of Royal Caribbean Cruises stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Royal Caribbean's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Royal Caribbean stock will not fluctuate a lot when Royal Caribbean's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Royal Caribbean in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Royal Caribbean's short interest history, or implied volatility extrapolated from Royal Caribbean options trading.
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Check out Royal Caribbean Correlation, Royal Caribbean Volatility and Royal Caribbean Alpha and Beta module to complement your research on Royal Caribbean. Note that the Royal Caribbean Cruises information on this page should be used as a complementary analysis to other Royal Caribbean's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Royal Stock analysis
When running Royal Caribbean's price analysis, check to measure Royal Caribbean'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 Royal Caribbean is operating at the current time. Most of Royal Caribbean's value examination focuses on studying past and present price action to predict the probability of Royal Caribbean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royal Caribbean's price. Additionally, you may evaluate how the addition of Royal Caribbean to your portfolios can decrease your overall portfolio volatility.
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Royal Caribbean 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.