Ring Energy (Germany) Market Value
| KWE1 Stock | EUR 1.40 0.01 0.72% |
| Symbol | Ring |
Ring Energy '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 Ring Energy'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 Ring Energy.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Ring Energy on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Ring Energy or generate 0.0% return on investment in Ring Energy over 720 days. Ring Energy is related to or competes with Perseus Mining, MCEWEN MINING, Global Ship, CarsalesCom, CANON MARKETING, Trade Desk, and Carsales. As of June 28, 2012, Ring Energy, Inc. was acquired by Stanford Energy Company, in a reverse merger transaction More
Ring Energy 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 Ring Energy'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 Ring Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 19.15 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 5.63 |
Ring Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ring Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ring Energy's standard deviation. In reality, there are many statistical measures that can use Ring Energy historical prices to predict the future Ring Energy's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (0.29) |
Ring Energy Backtested Returns
Ring Energy maintains Sharpe Ratio (i.e., Efficiency) of -0.0564, which implies the firm had a -0.0564% return per unit of risk over the last 3 months. Ring Energy exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ring Energy's Coefficient Of Variation of (1,436), risk adjusted performance of (0.05), and Variance of 10.97 to confirm the risk estimate we provide. The company holds a Beta of 0.82, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ring Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ring Energy is expected to be smaller as well. At this point, Ring Energy has a negative expected return of -0.19%. Please make sure to check Ring Energy's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Ring Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
Ring Energy has modest reverse predictability. Overlapping area represents the amount of predictability between Ring Energy time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Ring Energy price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Ring Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Ring Energy lagged returns against current returns
Autocorrelation, which is Ring Energy 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 Ring Energy's stock expected returns. We can calculate the autocorrelation of Ring Energy returns to help us make a trade decision. For example, suppose you find that Ring Energy 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 |
Ring Energy 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 Ring Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ring Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ring Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Ring Energy Lagged Returns
When evaluating Ring Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ring Energy stock have on its future price. Ring Energy 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, Ring Energy autocorrelation shows the relationship between Ring Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Ring Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Ring Stock
When determining whether Ring Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ring Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ring Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ring Energy Stock:Check out Ring Energy Correlation, Ring Energy Volatility and Ring Energy Alpha and Beta module to complement your research on Ring Energy. For more detail on how to invest in Ring Stock please use our How to Invest in Ring Energy guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Ring Energy 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, stock market cycles, or different charting patterns.