Root Inc Stock Price on September 30, 2024
| ROOT Stock | USD 99.81 0.75 0.76% |
If you're considering investing in Root Stock, it is important to understand the factors that can impact its price. As of today, the current price of Root stands at 99.81, as last reported on the 30th of November, with the highest price reaching 102.76 and the lowest price hitting 97.12 during the day. Root is somewhat reliable given 3 months investment horizon. Root Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.78% are justified by taking the suggested risk. Use Root Semi Deviation of 2.65, coefficient of variation of 570.86, and Risk Adjusted Performance of 0.1431 to evaluate company specific risk that cannot be diversified away.
Total Stockholder Equity is likely to gain to about 301.9 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 13.2 M in 2024. . At this time, Root's Price Book Value Ratio is comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 0.0004 in 2024, whereas Price To Operating Cash Flows Ratio is likely to drop (4.72) in 2024. Root Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Root |
Sharpe Ratio = 0.1854
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Estimated Market Risk
| 9.62 actual daily | 85 85% of assets are less volatile |
Expected Return
| 1.78 actual daily | 35 65% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Root is performing at about 14% of its full potential. 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 Root by adding it to a well-diversified portfolio.
Price Book 8.2855 | Price Sales 1.4319 | Shares Float 9.3 M | Wall Street Target Price 72.8 | Earnings Share (1.15) |
Related Headline
Global Indemnity Headline on 30th of September 2024
Filed transaction by Global Indemnity PLC Director, 10 Percent Owner: . Grant, award or other acquisition pursuant to Rule 16b-3(d)
Root Valuation on September 30, 2024
It is possible to determine the worth of Root on a given historical date. On September 30, 2024 Root was worth 37.11 at the beginning of the trading date compared to the closed value of 37.78. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Root stock. Still, in general, we apply an absolute valuation method to find Root'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 Root where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Root's related companies.
| Open | High | Low | Close | Volume | |
| 38.97 | 39.74 | 37.14 | 37.55 | 218,006 | |
09/30/2024 | 37.11 | 39.45 | 37.11 | 37.78 | 171,675 |
| 37.76 | 38.16 | 37.16 | 37.74 | 175,726 |
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Root Trading Date Momentum on September 30, 2024
| On October 01 2024 Root Inc was traded for 37.74 at the closing time. The top price for the day was 38.16 and the lowest listed price was 37.16 . The trading volume for the day was 175.7 K. The trading history from October 1, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.11% . The trading delta at closing time against the current closing price is 1.35% . |
Root Inc Fundamentals Correlations and Trends
By evaluating Root'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 Root's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Root financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Root Stock history
Root 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 Root is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Root Inc 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 Root stock prices may prove useful in developing a viable investing in Root
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 14.4 M | 13.2 M | |
| Net Loss | -267.9 M | -281.3 M |
Root Stock Technical Analysis
Root 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.
Price Boundaries
Root Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
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Root November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Root stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Root shares will generate the highest return on investment. By undertsting and applying Root stock market strength indicators, traders can identify Root Inc entry and exit signals to maximize returns
Root Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Root's price direction in advance. Along with the technical and fundamental analysis of Root Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Root 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.
| Risk Adjusted Performance | 0.1431 | |||
| Jensen Alpha | 1.71 | |||
| Total Risk Alpha | 0.068 | |||
| Sortino Ratio | 0.4554 | |||
| Treynor Ratio | (3.42) |
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Additional Tools for Root Stock Analysis
When running Root's price analysis, check to measure Root'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 Root is operating at the current time. Most of Root's value examination focuses on studying past and present price action to predict the probability of Root's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Root's price. Additionally, you may evaluate how the addition of Root to your portfolios can decrease your overall portfolio volatility.