Range Resources Corp Stock Market Value
| RRC Stock | USD 29.82 0.21 0.70% |
| Symbol | Range |
Range Resources Corp Price To Book Ratio
Is Oil & Gas Exploration & Production space 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 Range Resources. If investors know Range 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 Range Resources 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 0.04 | Dividend Share 0.32 | Earnings Share 2 | Revenue Per Share 9.79 | Quarterly Revenue Growth (0.01) |
The market value of Range Resources Corp is measured differently than its book value, which is the value of Range that is recorded on the company's balance sheet. Investors also form their own opinion of Range Resources' value that differs from its market value or its book value, called intrinsic value, which is Range Resources' 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 Range Resources' market value can be influenced by many factors that don't directly affect Range Resources' 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 Range Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Range Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Range Resources' 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.
Range Resources '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 Range Resources' 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 Range Resources.
| 04/12/2023 |
| 11/02/2024 |
If you would invest 0.00 in Range Resources on April 12, 2023 and sell it all today you would earn a total of 0.00 from holding Range Resources Corp or generate 0.0% return on investment in Range Resources over 570 days. Range Resources is related to or competes with Antero Resources, EQT, Comstock Resources, Permian Resources, Diamondback Energy, EOG Resources, and Coterra Energy. Range Resources Corporation operates as an independent natural gas, natural gas liquids , and oil company in the United ... More
Range Resources 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 Range Resources' 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 Range Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.94 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 3.25 |
Range Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Range Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Range Resources' standard deviation. In reality, there are many statistical measures that can use Range Resources historical prices to predict the future Range Resources' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Range Resources' 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.
Range Resources Corp Backtested Returns
At this point, Range Resources is very steady. Range Resources Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0575, which implies the firm had a 0.0575% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Range Resources Corp, which you can use to evaluate the volatility of the company. Please check Range Resources' Risk Adjusted Performance of (0.01), variance of 3.62, and Coefficient Of Variation of (4,953) to confirm if the risk estimate we provide is consistent with the expected return of 0.0984%. Range Resources has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.79, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Range Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Range Resources is expected to be smaller as well. Range Resources Corp right now holds a risk of 1.71%. Please check Range Resources Corp skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Range Resources Corp will be following its historical price patterns.
Auto-correlation | 0.10 |
Insignificant predictability
Range Resources Corp has insignificant predictability. Overlapping area represents the amount of predictability between Range Resources time series from 12th of April 2023 to 22nd of January 2024 and 22nd of January 2024 to 2nd of November 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 Range Resources Corp price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Range Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 7.82 |
Range Resources Corp lagged returns against current returns
Autocorrelation, which is Range Resources 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 Range Resources' stock expected returns. We can calculate the autocorrelation of Range Resources returns to help us make a trade decision. For example, suppose you find that Range Resources 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 |
Range Resources 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 Range Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Range Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Range Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Range Resources Lagged Returns
When evaluating Range Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Range Resources stock have on its future price. Range Resources 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, Range Resources autocorrelation shows the relationship between Range Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Range Resources Corp.
Regressed Prices |
| Timeline |
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Check out Range Resources Correlation, Range Resources Volatility and Range Resources Alpha and Beta module to complement your research on Range Resources. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Range Resources 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.