Rite Aid Price on October 26, 2023

RADDelisted Stock  USD 0.17  0.01  5.56%   
If you're considering investing in Rite Stock, it is important to understand the factors that can impact its price. As of today, the current price of Rite Aid stands at 0.17, as last reported on the 2nd of May, with the highest price reaching 0.18 and the lowest price hitting 0.15 during the day. We have found twenty-three technical indicators for Rite Aid, which you can use to evaluate the volatility of the company. Please check Rite Aid's Coefficient Of Variation of (2,251), risk adjusted performance of (0.02), and Variance of 230.83 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%.
  
Rite Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0

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Based on monthly moving average Rite Aid 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 Rite Aid by adding Rite Aid to a well-diversified portfolio.

Rite Aid Valuation on October 26, 2023

It is possible to determine the worth of Rite Aid on a given historical date. On October 26, 2023 Rite was worth 0.22 at the beginning of the trading date compared to the closed value of 0.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rite Aid stock. Still, in general, we apply an absolute valuation method to find Rite Aid's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Rite Aid where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rite Aid's related companies.
 Open High Low Close Volume
  0.28    0.29    0.18    0.22    3,762,962  
10/26/2023
  0.22    0.25    0.20    0.22    550,436  
  0.23    0.26    0.20    0.20    543,408  
Backtest Rite Aid  |  Rite Aid History  |  Rite Aid Valuation   PreviousNext  
Open Value
0.22
0.22
Closing Value
0.22
Upside

Rite Aid Trading Date Momentum on October 26, 2023

On October 27 2023 Rite Aid was traded for  0.20  at the closing time. Highest Rite Aid's price during the trading hours was 0.26  and the lowest price during the day was  0.20 . The net volume was 543.4 K. The overall trading history on the 27th of October contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 9.09% . The trading delta at closing time to current price is 9.09% .

Rite Aid Fundamentals Correlations and Trends

By evaluating Rite Aid's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Rite Aid's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rite financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Rite Aid Stock history

Rite Aid investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Rite is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rite Aid will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Rite Aid stock prices may prove useful in developing a viable investing in Rite Aid
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid Corporation was founded in 1962 and is headquartered in Philadelphia, Pennsylvania. Rite Aid operates under Diversified Wholesale And Retail classification in the United States and is traded on New York Stock Exchange. It employs 53000 people.

Rite Aid Stock Technical Analysis

Rite Aid 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, delisted stock market cycles, or different charting patterns.
A focus of Rite Aid technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Rite Aid trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Rite Aid Period Price Range

Low
October 26, 2023
0.00  0.00%
High

 0.22 

     

 0.22 

Rite Aid May 2, 2024 Market Strength

Market strength indicators help investors to evaluate how Rite Aid stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rite Aid shares will generate the highest return on investment. By undertsting and applying Rite Aid stock market strength indicators, traders can identify Rite Aid entry and exit signals to maximize returns

Rite Aid Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Rite Aid's price direction in advance. Along with the technical and fundamental analysis of Rite Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rite to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Rite Aid information on this page should be used as a complementary analysis to other Rite Aid'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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

Other Consideration for investing in Rite Stock

If you are still planning to invest in Rite Aid check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Rite Aid's history and understand the potential risks before investing.
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