Randon SA (Brazil) Market Value
| RAPT3 Stock | BRL 9.05 0.11 1.20% |
| Symbol | Randon |
Randon SA '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 Randon SA'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 Randon SA.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Randon SA on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Randon SA Implementos or generate 0.0% return on investment in Randon SA over 30 days. Randon SA is related to or competes with Toyota, Ford, Honda, Marcopolo, and Marcopolo. Implementos e Participaes manufactures and sells trailers and semi-trailers worldwide More
Randon SA 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 Randon SA'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 Randon SA Implementos upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.3 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 2.43 |
Randon SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Randon SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Randon SA's standard deviation. In reality, there are many statistical measures that can use Randon SA historical prices to predict the future Randon SA's volatility.| Risk Adjusted Performance | 0.0295 | |||
| Jensen Alpha | 0.0319 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2921 |
Randon SA Implementos Backtested Returns
Currently, Randon SA Implementos is not too volatile. Randon SA Implementos maintains Sharpe Ratio (i.e., Efficiency) of 0.0168, which implies the firm had a 0.0168% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Randon SA Implementos, which you can use to evaluate the volatility of the company. Please check Randon SA's Semi Deviation of 1.57, coefficient of variation of 3160.26, and Risk Adjusted Performance of 0.0295 to confirm if the risk estimate we provide is consistent with the expected return of 0.0266%. Randon SA has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, Randon SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Randon SA is expected to be smaller as well. Randon SA Implementos right now holds a risk of 1.58%. Please check Randon SA Implementos sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Randon SA Implementos will be following its historical price patterns.
Auto-correlation | 0.27 |
Poor predictability
Randon SA Implementos has poor predictability. Overlapping area represents the amount of predictability between Randon SA time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Randon SA Implementos price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Randon SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Randon SA Implementos lagged returns against current returns
Autocorrelation, which is Randon SA 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 Randon SA's stock expected returns. We can calculate the autocorrelation of Randon SA returns to help us make a trade decision. For example, suppose you find that Randon SA 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 |
Randon SA 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 Randon SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Randon SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Randon SA stock over time.
Current vs Lagged Prices |
| Timeline |
Randon SA Lagged Returns
When evaluating Randon SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Randon SA stock have on its future price. Randon SA 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, Randon SA autocorrelation shows the relationship between Randon SA stock current value and its past values and can show if there is a momentum factor associated with investing in Randon SA Implementos.
Regressed Prices |
| Timeline |
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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.Additional Tools for Randon Stock Analysis
When running Randon SA's price analysis, check to measure Randon SA's 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 Randon SA is operating at the current time. Most of Randon SA's value examination focuses on studying past and present price action to predict the probability of Randon SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Randon SA's price. Additionally, you may evaluate how the addition of Randon SA to your portfolios can decrease your overall portfolio volatility.