Rite Aid Price on April 24, 2020

RADDelisted Stock  USD 0.17  0.01  5.56%   
If you're considering investing in Rite Stock, it is important to understand the factors that can impact its price. As of today, the current price of Rite Aid stands at 0.17, as last reported on the 29th of March, with the highest price reaching 0.18 and the lowest price hitting 0.15 during the day. Rite Aid maintains Sharpe Ratio (i.e., Efficiency) of -0.0558, which implies the firm had a -0.0558% return per unit of risk over the last 24 months. Rite Aid exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rite Aid's Risk Adjusted Performance of (0.05), variance of 69.17, and Coefficient Of Variation of (1,740) to confirm the risk estimate we provide.
  
Rite Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0558

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Estimated Market Risk

 8.41
  actual daily
74
74% of assets are less volatile

Expected Return

 -0.47
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average Rite Aid is not performing at its full potential. However, 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 Rite Aid by adding Rite Aid to a well-diversified portfolio.

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

About Rite Aid Stock history

Rite Aid 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 Rite is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rite Aid 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 Rite Aid stock prices may prove useful in developing a viable investing in Rite Aid
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid Corporation was founded in 1962 and is headquartered in Philadelphia, Pennsylvania. Rite Aid operates under Diversified Wholesale And Retail classification in the United States and is traded on New York Stock Exchange. It employs 53000 people.

Rite Aid Stock Technical Analysis

Rite Aid 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, delisted stock market cycles, or different charting patterns.
A focus of Rite Aid technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Rite Aid trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Rite Aid Period Price Range

Rite Aid March 29, 2024 Market Strength

Market strength indicators help investors to evaluate how Rite Aid stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rite Aid shares will generate the highest return on investment. By undertsting and applying Rite Aid stock market strength indicators, traders can identify Rite Aid entry and exit signals to maximize returns

Rite Aid Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Rite Aid's price direction in advance. Along with the technical and fundamental analysis of Rite Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rite 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.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Rite Aid information on this page should be used as a complementary analysis to other Rite Aid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Other Consideration for investing in Rite Stock

If you are still planning to invest in Rite Aid check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Rite Aid's history and understand the potential risks before investing.
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