Randon SA (Brazil) Market Value
| RAPT4 Preferred Stock | BRL 10.37 0.32 2.99% |
| 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 preferred 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 Marcopolo, CCR SA, Iochpe Maxion, Gerdau SA, and Usinas Siderrgicas. Implementos e Participaes develops and sells transportation solutions 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 preferred 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.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.96 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 3.12 |
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 | (0.05) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.37) |
Randon SA Implementos Backtested Returns
Randon SA Implementos maintains Sharpe Ratio (i.e., Efficiency) of -0.0801, which implies the firm had a -0.0801% return per unit of risk over the last 3 months. Randon SA Implementos exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Randon SA's Coefficient Of Variation of (1,359), risk adjusted performance of (0.05), and Variance of 3.04 to confirm the risk estimate we provide. The company holds a Beta of 0.37, which implies possible diversification benefits within a given portfolio. 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. At this point, Randon SA Implementos has a negative expected return of -0.13%. Please make sure to check Randon SA's accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if Randon SA Implementos performance from the past will be repeated at some point in the near future.
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 | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Randon SA Implementos lagged returns against current returns
Autocorrelation, which is Randon SA preferred 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 preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Randon SA preferred 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 preferred 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 preferred 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 preferred 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 Preferred 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.