Rite Aid Volatility

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RAD -- USA Stock  

Earning Report: April 9, 2020  

Macroaxis considers Rite Aid very risky given 3 months investment horizon. Rite Aid maintains Sharpe Ratio (i.e. Efficiency) of 0.0511, which implies the corporation had 0.0511% of return per unit of risk over the last 3 months. Our philosophy towards forecasting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Rite Aid, which you can use to evaluate future volatility of the company. Please employ Rite Aid Coefficient Of Variation of 2942.43, Risk Adjusted Performance of 0.1325 and Semi Deviation of 8.61 to confirm if our risk estimates are consistent with your expectations.
View Volatility For
Rite Aid Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Rite Aid daily returns, and it is calculated using variance and standard deviation. We also use Rite Aid's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Rite Aid volatility.
Interest Expense

90 Days Market Risk

Very risky

Chance of Distress

Below Average

90 Days Economic Sensitivity

Follows market closely

Rite Aid Market Sensitivity

As returns on market increase, Rite Aid returns are expected to increase less than the market. However, during bear market, the loss on holding Rite Aid will be expected to be smaller as well.
3 Months Beta |Analyze Rite Aid Demand Trend
Check current 30 days Rite Aid correlation with market (DOW)
β = 0.6833

Rite Aid Central Daily Price Deviation

Rite Aid Technical Analysis

The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of Rite Aid high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only Rite Aid closing price as input. View also all equity analysis or get more info about weighted close price price transform indicator.

Rite Aid Projected Return Density Against Market

Considering 30-days investment horizon, Rite Aid has beta of 0.6833 . This implies as returns on market go up, Rite Aid average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Rite Aid Corporation will be expected to be much smaller as well. Moreover, The company has an alpha of 0.5405 implying that it can potentially generate 0.5405% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
Considering 30-days investment horizon, the coefficient of variation of Rite Aid is 1955.72. The daily returns are destributed with a variance of 70.8 and standard deviation of 8.41. The mean deviation of Rite Aid Corporation is currently at 5.83. For similar time horizon, the selected benchmark (DOW) has volatility of 3.73
Alpha over DOW
Beta against DOW=0.68
Overall volatility
Information ratio =0.07

Rite Aid Return Volatility

the firm has volatility of 8.4142% on return distribution over 30 days investment horizon. the entity inherits 3.838% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 

Rite Aid Investment Opportunity

Rite Aid Corporation has a volatility of 8.41 and is 2.19 times more volatile than DOW. 75  of all equities and portfolios are less risky than Rite Aid. Compared to the overall equity markets, volatility of historical daily returns of Rite Aid Corporation is higher than 75 () of all global equities and portfolios over the last 30 days. Use Rite Aid Corporation to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of Rite Aid to be traded at $18.0 in 30 days. . As returns on market increase, Rite Aid returns are expected to increase less than the market. However, during bear market, the loss on holding Rite Aid will be expected to be smaller as well.

Rite Aid correlation with market

correlation synergy
Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding Rite Aid Corp. and equity matching DJI index in the same portfolio.

Rite Aid Current Risk Indicators

Rite Aid Suggested Diversification Pairs

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