3R Games (Poland) Market Value
| 3RG Stock | 0.31 0.01 3.33% |
| Symbol | 3RG |
3R Games '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 3R Games' 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 3R Games.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in 3R Games on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding 3R Games SA or generate 0.0% return on investment in 3R Games over 720 days. 3R Games is related to or competes with Allegroeu, Asseco Business, Movie Games, Igoria Trade, and Bank Millennium. More
3R Games 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 3R Games' 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 3R Games SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.22 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.07 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 6.9 |
3R Games Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 3R Games' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 3R Games' standard deviation. In reality, there are many statistical measures that can use 3R Games historical prices to predict the future 3R Games' volatility.| Risk Adjusted Performance | 0.0314 | |||
| Jensen Alpha | 0.0667 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.684 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 3R Games' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
3R Games SA Backtested Returns
Currently, 3R Games SA is out of control. 3R Games SA retains Efficiency (Sharpe Ratio) of 0.0318, which signifies that the company had a 0.0318% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for 3R Games, which you can use to evaluate the volatility of the firm. Please confirm 3R Games' Coefficient Of Variation of 3194.56, market risk adjusted performance of 0.694, and Standard Deviation of 2.91 to double-check if the risk estimate we provide is consistent with the expected return of 0.0939%. 3R Games has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 3R Games' returns are expected to increase less than the market. However, during the bear market, the loss of holding 3R Games is expected to be smaller as well. 3R Games SA today owns a risk of 2.95%. Please confirm 3R Games SA value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if 3R Games SA will be following its current price history.
Auto-correlation | -0.51 |
Good reverse predictability
3R Games SA has good reverse predictability. Overlapping area represents the amount of predictability between 3R Games time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 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 3R Games SA price movement. The serial correlation of -0.51 indicates that about 51.0% of current 3R Games price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
3R Games SA lagged returns against current returns
Autocorrelation, which is 3R Games 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 3R Games' stock expected returns. We can calculate the autocorrelation of 3R Games returns to help us make a trade decision. For example, suppose you find that 3R Games 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 |
3R Games 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 3R Games stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 3R Games stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 3R Games stock over time.
Current vs Lagged Prices |
| Timeline |
3R Games Lagged Returns
When evaluating 3R Games' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 3R Games stock have on its future price. 3R Games 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, 3R Games autocorrelation shows the relationship between 3R Games stock current value and its past values and can show if there is a momentum factor associated with investing in 3R Games SA.
Regressed Prices |
| Timeline |
Pair Trading with 3R Games
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 3R Games 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 3R Games will appreciate offsetting losses from the drop in the long position's value.Moving against 3RG Stock
The ability to find closely correlated positions to 3R Games could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 3R Games 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 3R Games - 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 3R Games SA to buy it.
The correlation of 3R Games 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 3R Games moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 3R Games SA 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 3R Games 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 3RG Stock Analysis
When running 3R Games' price analysis, check to measure 3R Games' 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 3R Games is operating at the current time. Most of 3R Games' value examination focuses on studying past and present price action to predict the probability of 3R Games' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3R Games' price. Additionally, you may evaluate how the addition of 3R Games to your portfolios can decrease your overall portfolio volatility.