Radian (Germany) Market Value
| RAG Stock | EUR 31.80 0.20 0.63% |
| Symbol | Radian |
Radian '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 Radian'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 Radian.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Radian on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Radian Group or generate 0.0% return on investment in Radian over 720 days. Radian is related to or competes with First American, MGIC Investment, Lancashire Holdings, and Trisura. Radian Group Inc., through its subsidiaries, engages in the mortgage and real estate services business in the United Sta... More
Radian 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 Radian'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 Radian Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.7 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.74 |
Radian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Radian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Radian's standard deviation. In reality, there are many statistical measures that can use Radian historical prices to predict the future Radian's volatility.| Risk Adjusted Performance | 0.0436 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0854 |
Radian Group Backtested Returns
At this point, Radian is very steady. Radian Group maintains Sharpe Ratio (i.e., Efficiency) of 0.0311, which implies the firm had a 0.0311% return per unit of risk over the last 3 months. We have found thirty technical indicators for Radian Group, which you can use to evaluate the volatility of the company. Please check Radian's Semi Deviation of 1.74, risk adjusted performance of 0.0436, and Coefficient Of Variation of 1938.41 to confirm if the risk estimate we provide is consistent with the expected return of 0.0589%. Radian has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 1.02, which implies a somewhat significant risk relative to the market. Radian returns are very sensitive to returns on the market. As the market goes up or down, Radian is expected to follow. Radian Group right now holds a risk of 1.89%. Please check Radian Group standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Radian Group will be following its historical price patterns.
Auto-correlation | 0.80 |
Very good predictability
Radian Group has very good predictability. Overlapping area represents the amount of predictability between Radian time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Radian Group price movement. The serial correlation of 0.8 indicates that around 80.0% of current Radian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 6.74 |
Radian Group lagged returns against current returns
Autocorrelation, which is Radian 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 Radian's stock expected returns. We can calculate the autocorrelation of Radian returns to help us make a trade decision. For example, suppose you find that Radian 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 |
Radian 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 Radian stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Radian stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Radian stock over time.
Current vs Lagged Prices |
| Timeline |
Radian Lagged Returns
When evaluating Radian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Radian stock have on its future price. Radian 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, Radian autocorrelation shows the relationship between Radian stock current value and its past values and can show if there is a momentum factor associated with investing in Radian Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Radian Stock
When determining whether Radian Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Radian'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 Radian Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Radian Group Stock:Check out Radian Correlation, Radian Volatility and Radian Alpha and Beta module to complement your research on Radian. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Radian 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.