Rite Aid Stock Performance

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RAD -- USA Stock  

Downward Rally

On a scale of 0 to 100, Rite Aid holds a performance score of 4. The company holds a Beta of 1.4899, which implies somewhat significant risk relative to the market. Let's try to break down what Rite Aid's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Rite Aid will likely underperform. Although it is vital to follow to Rite Aid current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Rite Aid technical indicators, you can presently evaluate if the expected return of 0.47% will be sustainable into the future. Please employ Rite Aid value at risk, as well as the relationship between the semi variance and kurtosis to make a quick decision on whether Rite Aid historical price patterns will revert.

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Rite Aid Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Rite Aid are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days. In spite of rather fragile fundamental drivers, Rite Aid exhibited solid returns over the last few months and may actually be approaching a breakup point.
Quick Ratio0.71
Fifty Two Week Low5.04
Target High Price18.00
Fifty Two Week High23.88
Target Low Price6.00

Rite Aid Relative Risk vs. Return Landscape

If you would invest  1,416  in Rite Aid on June 10, 2020 and sell it today you would earn a total of  230.00  from holding Rite Aid or generate 16.24% return on investment over 30 days. Rite Aid is generating 0.4684% of daily returns assuming volatility of 6.8568% on return distribution over 30 days investment horizon. In other words, 59% of equities are less volatile than the company and above 92% of equities are expected to generate higher returns over the next 30 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering the 30-days investment horizon, Rite Aid is expected to generate 3.74 times more return on investment than the market. However, the company is 3.74 times more volatile than its market benchmark. It trades about 0.07 of its potential returns per unit of risk. The DOW is currently generating roughly 0.09 per unit of risk.

Rite Aid Market Risk Analysis

Sharpe Ratio = 0.0683
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Rite Aid Stock Performance Indicators

Estimated Market Risk
  actual daily
 59 %
of total potential
Expected Return
  actual daily
 8 %
of total potential
Risk-Adjusted Return
  actual daily
 4 %
of total potential
Based on monthly moving average Rite Aid is performing at about 4% 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 Rite Aid by adding it to a well-diversified portfolio.

About Rite Aid Performance

To evaluate Rite Aid Stock as a possible investment, you need to clearly understand its upside, downside potential, and overall future performance outlook. You may be satisfied when Rite Aid generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Rite Aid's stock performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Rite Aid stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Rite Aid's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section. Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2020
Return on Investment 2.28  2.34 
Return on Average Assets(5.31) (5.45) 
Return on Average Equity(48.59) (49.87) 
Return on Invested Capital 0.07  0.08 
Return on Sales 0.0279  0.0301 
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 Camp Hill, Pennsylvania. Rite Aid operates under Pharmaceutical Retailers classification in the United States and is traded on BATS Exchange. It employs 29840 people.

Rite Aid Alerts

Equity Alerts and Improvement Suggestions

Rite Aid has very high historical volatility over the last 30 days
The company reported last year revenue of 22.58 B. Reported Net Loss for the year was (442.58 M) with profit before taxes, overhead, and interest of 4.73 B.
Latest headline from www.nasdaq.com: 4 Reasons Why You Should Add Rite Aid to Your Portfolio - Nasdaq
Additionally, take a look at Your Equity Center. Please also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page