Rite Aid Stock Technical Analysis
RADDelisted Stock | USD 0.17 0.01 5.56% |
As of the 29th of March, Rite Aid holds the Variance of 230.83, coefficient of variation of (2,251), and Risk Adjusted Performance of (0.02). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Rite Aid, 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 analyze thirteen technical drivers for Rite Aid, which can be compared to its competitors. Please check Rite Aid standard deviation, as well as the relationship between the treynor ratio and potential upside to decide if Rite Aid is priced some-what accurately, providing market reflects its current price of 0.17 per share. As Rite Aid appears to be a penny stock we also advise to check out its jensen alpha numbers.
Rite Aid Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Rite, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RiteRite |
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.
Rite Aid Technical Analysis
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Rite Aid Trend Analysis
Use this graph to draw trend lines for Rite Aid. You can use it to identify possible trend reversals for Rite Aid 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 Rite Aid price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Rite Aid Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Rite Aid applied against its price change over selected period. The best fit line has a slop of 0.0068 , which may imply that the returns on investment in Rite Aid will continue to fail. It has 122 observation points and a regression sum of squares at 1.75, which is the sum of squared deviations for the predicted Rite Aid price change compared to its average price change.About Rite Aid 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 Rite Aid 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 Rite Aid based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Rite Aid price pattern first instead of the macroeconomic environment surrounding Rite Aid. By analyzing Rite Aid'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 Rite Aid'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 Rite Aid specific price patterns or momentum indicators. Please read more on our technical analysis page.
Rite Aid March 29, 2024 Technical Indicators
Most technical analysis of Rite 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 Rite from various momentum indicators to cycle indicators. When you analyze Rite 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 | (0.02) | |||
Market Risk Adjusted Performance | 0.2058 | |||
Mean Deviation | 8.72 | |||
Coefficient Of Variation | (2,251) | |||
Standard Deviation | 15.19 | |||
Variance | 230.83 | |||
Information Ratio | (0.05) | |||
Jensen Alpha | (0.25) | |||
Total Risk Alpha | (4.10) | |||
Treynor Ratio | 0.1958 | |||
Maximum Drawdown | 87.12 | |||
Value At Risk | (21.43) | |||
Potential Upside | 18.6 | |||
Skewness | (0.71) | |||
Kurtosis | 7.49 |
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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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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