Ranger Graham Number from 2010 to 2025
| RNGR Stock | USD 13.09 0.40 3.15% |
Graham Number | First Reported 2010-12-31 | Previous Quarter 14.95091566 | Current Value 11.16 | Quarterly Volatility 1.08654455 |
Check Ranger Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ranger Energy's main balance sheet or income statement drivers, such as Interest Income of 3.7 M, Depreciation And Amortization of 32.1 M or Interest Expense of 4.2 M, as well as many indicators such as Price To Sales Ratio of 1.01, Dividend Yield of 0.0196 or PTB Ratio of 0.98. Ranger financial statements analysis is a perfect complement when working with Ranger Energy Valuation or Volatility modules.
Ranger | Graham Number | Build AI portfolio with Ranger Stock |
Pair Trading with Ranger Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ranger Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ranger Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Ranger Stock
The ability to find closely correlated positions to Ranger Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ranger Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ranger Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ranger Energy Services to buy it.
The correlation of Ranger Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ranger Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ranger Energy Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ranger Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Ranger Stock Analysis
When running Ranger Energy's price analysis, check to measure Ranger Energy'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 Ranger Energy is operating at the current time. Most of Ranger Energy's value examination focuses on studying past and present price action to predict the probability of Ranger Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ranger Energy's price. Additionally, you may evaluate how the addition of Ranger Energy to your portfolios can decrease your overall portfolio volatility.