Renta 4 (Spain) Market Value
| R4 Stock | EUR 12.90 0.40 3.20% |
| Symbol | Renta |
Renta 4 '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 Renta 4'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 Renta 4.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Renta 4 on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Renta 4 Banco or generate 0.0% return on investment in Renta 4 over 720 days. Renta 4 is related to or competes with Grupo Catalana, Miquel Y, Faes Farma, Azkoyen, and Prim SA. Renta 4 Banco, S.A., together with its subsidiaries, provides wealth management, brokerage, and corporate advisory servi... More
Renta 4 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 Renta 4'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 Renta 4 Banco upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.0866 | |||
| Maximum Drawdown | 11.29 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 4.05 |
Renta 4 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renta 4's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renta 4's standard deviation. In reality, there are many statistical measures that can use Renta 4 historical prices to predict the future Renta 4's volatility.| Risk Adjusted Performance | 0.1251 | |||
| Jensen Alpha | 0.3365 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0779 | |||
| Treynor Ratio | (0.68) |
Renta 4 Banco Backtested Returns
Renta 4 appears to be not too volatile, given 3 months investment horizon. Renta 4 Banco maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for Renta 4 Banco, which you can use to evaluate the volatility of the company. Please evaluate Renta 4's Semi Deviation of 1.21, risk adjusted performance of 0.1251, and Coefficient Of Variation of 643.93 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Renta 4 holds a performance score of 14. The company holds a Beta of -0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Renta 4 are expected to decrease at a much lower rate. During the bear market, Renta 4 is likely to outperform the market. Please check Renta 4's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Renta 4's historical price patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
Renta 4 Banco has below average predictability. Overlapping area represents the amount of predictability between Renta 4 time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Renta 4 Banco price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Renta 4 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Renta 4 Banco lagged returns against current returns
Autocorrelation, which is Renta 4 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 Renta 4's stock expected returns. We can calculate the autocorrelation of Renta 4 returns to help us make a trade decision. For example, suppose you find that Renta 4 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 |
Renta 4 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 Renta 4 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renta 4 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renta 4 stock over time.
Current vs Lagged Prices |
| Timeline |
Renta 4 Lagged Returns
When evaluating Renta 4's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renta 4 stock have on its future price. Renta 4 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, Renta 4 autocorrelation shows the relationship between Renta 4 stock current value and its past values and can show if there is a momentum factor associated with investing in Renta 4 Banco.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Renta Stock
Renta 4 financial ratios help investors to determine whether Renta 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 Renta with respect to the benefits of owning Renta 4 security.