Reading International Stock Market Value
| RDI Stock | USD 1.51 0.05 3.42% |
| Symbol | Reading |
Reading International Price To Book Ratio
Is Movies & Entertainment 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 Reading International. If investors know Reading 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 Reading International 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 (0.29) | Earnings Share (1.88) | Revenue Per Share 9.128 | Quarterly Revenue Growth (0.28) | Return On Assets (0.02) |
The market value of Reading International is measured differently than its book value, which is the value of Reading that is recorded on the company's balance sheet. Investors also form their own opinion of Reading International's value that differs from its market value or its book value, called intrinsic value, which is Reading International's 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 Reading International's market value can be influenced by many factors that don't directly affect Reading International's 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 Reading International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reading International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reading International's 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.
Reading International '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 Reading International's 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 Reading International.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Reading International on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Reading International or generate 0.0% return on investment in Reading International over 540 days. Reading International is related to or competes with Roku, AMC Entertainment, Paramount Global, Warner Bros, Netflix, and Paramount Global. Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of ent... More
Reading International 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 Reading International's 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 Reading International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 25.78 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 8.0 |
Reading International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reading International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reading International's standard deviation. In reality, there are many statistical measures that can use Reading International historical prices to predict the future Reading International's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Reading International's 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.
Reading International Backtested Returns
Reading International maintains Sharpe Ratio (i.e., Efficiency) of -0.0313, which implies the firm had a -0.0313% return per unit of risk over the last 3 months. Reading International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reading International's Coefficient Of Variation of (2,835), risk adjusted performance of (0.02), and Variance of 18.78 to confirm the risk estimate we provide. The company holds a Beta of 0.64, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Reading International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Reading International is expected to be smaller as well. At this point, Reading International has a negative expected return of -0.14%. Please make sure to check Reading International's potential upside, and the relationship between the jensen alpha and daily balance of power , to decide if Reading International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Reading International has modest predictability. Overlapping area represents the amount of predictability between Reading International time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Reading International price movement. The serial correlation of 0.54 indicates that about 54.0% of current Reading International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Reading International lagged returns against current returns
Autocorrelation, which is Reading International 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 Reading International's stock expected returns. We can calculate the autocorrelation of Reading International returns to help us make a trade decision. For example, suppose you find that Reading International 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 |
Reading International 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 Reading International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reading International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reading International stock over time.
Current vs Lagged Prices |
| Timeline |
Reading International Lagged Returns
When evaluating Reading International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reading International stock have on its future price. Reading International 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, Reading International autocorrelation shows the relationship between Reading International stock current value and its past values and can show if there is a momentum factor associated with investing in Reading International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Reading International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Reading International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Reading International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Reading International Stock:Check out Reading International Correlation, Reading International Volatility and Reading International Alpha and Beta module to complement your research on Reading International. For more detail on how to invest in Reading Stock please use our How to Invest in Reading International guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Reading International 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.