Radiant Logistics Stock Market Value
| RLGT Stock | USD 7.48 0.08 1.08% |
| Symbol | Radiant |
Radiant Logistics Price To Book Ratio
Is Air Freight & Logistics 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 Radiant Logistics. If investors know Radiant 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 Radiant Logistics 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 0.4 | Earnings Share 0.17 | Revenue Per Share 16.955 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0157 |
The market value of Radiant Logistics is measured differently than its book value, which is the value of Radiant that is recorded on the company's balance sheet. Investors also form their own opinion of Radiant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Radiant Logistics' 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 Radiant Logistics' market value can be influenced by many factors that don't directly affect Radiant Logistics' 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 Radiant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Radiant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Radiant Logistics' 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.
Radiant Logistics '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 Radiant Logistics' 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 Radiant Logistics.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Radiant Logistics on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Radiant Logistics or generate 0.0% return on investment in Radiant Logistics over 30 days. Radiant Logistics is related to or competes with Universal Logistics, and EVI Industries. Radiant Logistics, Inc., a third-party logistics company, provides multi-modal transportation and logistics services pri... More
Radiant Logistics 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 Radiant Logistics' 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 Radiant Logistics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.48 | |||
| Information Ratio | 0.0629 | |||
| Maximum Drawdown | 13.32 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 3.83 |
Radiant Logistics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Radiant Logistics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Radiant Logistics' standard deviation. In reality, there are many statistical measures that can use Radiant Logistics historical prices to predict the future Radiant Logistics' volatility.| Risk Adjusted Performance | 0.0987 | |||
| Jensen Alpha | 0.0575 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0608 | |||
| Treynor Ratio | 0.1608 |
Radiant Logistics Backtested Returns
Radiant Logistics appears to be somewhat reliable, given 3 months investment horizon. Radiant Logistics maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Radiant Logistics, which you can use to evaluate the volatility of the company. Please evaluate Radiant Logistics' Semi Deviation of 2.01, risk adjusted performance of 0.0987, and Coefficient Of Variation of 831.55 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Radiant Logistics holds a performance score of 11. The company holds a Beta of 1.73, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Radiant Logistics will likely underperform. Please check Radiant Logistics' potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Radiant Logistics' historical price patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Radiant Logistics has modest predictability. Overlapping area represents the amount of predictability between Radiant Logistics time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Radiant Logistics price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Radiant Logistics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Radiant Logistics lagged returns against current returns
Autocorrelation, which is Radiant Logistics 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 Radiant Logistics' stock expected returns. We can calculate the autocorrelation of Radiant Logistics returns to help us make a trade decision. For example, suppose you find that Radiant Logistics 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 |
Radiant Logistics 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 Radiant Logistics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Radiant Logistics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Radiant Logistics stock over time.
Current vs Lagged Prices |
| Timeline |
Radiant Logistics Lagged Returns
When evaluating Radiant Logistics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Radiant Logistics stock have on its future price. Radiant Logistics 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, Radiant Logistics autocorrelation shows the relationship between Radiant Logistics stock current value and its past values and can show if there is a momentum factor associated with investing in Radiant Logistics.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Radiant Stock Analysis
When running Radiant Logistics' price analysis, check to measure Radiant Logistics' 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 Radiant Logistics is operating at the current time. Most of Radiant Logistics' value examination focuses on studying past and present price action to predict the probability of Radiant Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Radiant Logistics' price. Additionally, you may evaluate how the addition of Radiant Logistics to your portfolios can decrease your overall portfolio volatility.