RLX TECH (Germany) Market Value
| 3CM Stock | EUR 1.85 0.05 2.78% |
| Symbol | RLX |
RLX TECH '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 RLX TECH'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 RLX TECH.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in RLX TECH on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding RLX TECH SPADR1 or generate 0.0% return on investment in RLX TECH over 30 days. RLX TECH is related to or competes with Alaska Air, Apollo Investment, PennyMac Mortgage, EAT WELL, HF SINCLAIR, MYFAIR GOLD, and Virtus Investment. Cannvas MedTech Inc. operates as a business technology company within the health sciences sector in the United States an... More
RLX TECH 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 RLX TECH'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 RLX TECH SPADR1 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.47 | |||
| Information Ratio | 0.0765 | |||
| Maximum Drawdown | 16.93 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 6.88 |
RLX TECH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RLX TECH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RLX TECH's standard deviation. In reality, there are many statistical measures that can use RLX TECH historical prices to predict the future RLX TECH's volatility.| Risk Adjusted Performance | 0.0976 | |||
| Jensen Alpha | 0.4296 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0739 | |||
| Treynor Ratio | (1.07) |
RLX TECH SPADR1 Backtested Returns
RLX TECH appears to be very risky, given 3 months investment horizon. RLX TECH SPADR1 maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for RLX TECH SPADR1, which you can use to evaluate the volatility of the company. Please evaluate RLX TECH's Semi Deviation of 2.91, coefficient of variation of 850.88, and Risk Adjusted Performance of 0.0976 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RLX TECH holds a performance score of 8. The company holds a Beta of -0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning RLX TECH are expected to decrease at a much lower rate. During the bear market, RLX TECH is likely to outperform the market. Please check RLX TECH's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether RLX TECH's historical price patterns will revert.
Auto-correlation | 0.78 |
Good predictability
RLX TECH SPADR1 has good predictability. Overlapping area represents the amount of predictability between RLX TECH time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 RLX TECH SPADR1 price movement. The serial correlation of 0.78 indicates that around 78.0% of current RLX TECH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
RLX TECH SPADR1 lagged returns against current returns
Autocorrelation, which is RLX TECH 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 RLX TECH's stock expected returns. We can calculate the autocorrelation of RLX TECH returns to help us make a trade decision. For example, suppose you find that RLX TECH 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 |
RLX TECH 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 RLX TECH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RLX TECH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RLX TECH stock over time.
Current vs Lagged Prices |
| Timeline |
RLX TECH Lagged Returns
When evaluating RLX TECH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RLX TECH stock have on its future price. RLX TECH 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, RLX TECH autocorrelation shows the relationship between RLX TECH stock current value and its past values and can show if there is a momentum factor associated with investing in RLX TECH SPADR1.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in RLX Stock
RLX TECH financial ratios help investors to determine whether RLX Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in RLX with respect to the benefits of owning RLX TECH security.