Raubex (South Africa) Market Value
| RBX Stock | 5,261 11.00 0.21% |
| Symbol | Raubex |
Raubex '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 Raubex'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 Raubex.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Raubex on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Raubex or generate 0.0% return on investment in Raubex over 720 days. Raubex is related to or competes with Reinet Investments, HomeChoice Investments, Life Healthcare, Brimstone Investment, Trematon Capital, and Hosken Consolidated. More
Raubex 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 Raubex'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 Raubex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.64 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.15 |
Raubex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Raubex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Raubex's standard deviation. In reality, there are many statistical measures that can use Raubex historical prices to predict the future Raubex's volatility.| Risk Adjusted Performance | 0.0424 | |||
| Jensen Alpha | 0.0849 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (5.85) |
Raubex Backtested Returns
At this point, Raubex is very steady. Raubex maintains Sharpe Ratio (i.e., Efficiency) of 0.0578, which implies the firm had a 0.0578% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Raubex, which you can use to evaluate the volatility of the company. Please check Raubex's Coefficient Of Variation of 2106.4, risk adjusted performance of 0.0424, and Semi Deviation of 1.89 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Raubex has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of -0.0142, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Raubex are expected to decrease at a much lower rate. During the bear market, Raubex is likely to outperform the market. Raubex right now holds a risk of 1.98%. Please check Raubex semi variance, accumulation distribution, and the relationship between the potential upside and skewness , to decide if Raubex will be following its historical price patterns.
Auto-correlation | 0.15 |
Insignificant predictability
Raubex has insignificant predictability. Overlapping area represents the amount of predictability between Raubex time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Raubex price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Raubex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 937.7 K |
Raubex lagged returns against current returns
Autocorrelation, which is Raubex 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 Raubex's stock expected returns. We can calculate the autocorrelation of Raubex returns to help us make a trade decision. For example, suppose you find that Raubex 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 |
Raubex 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 Raubex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Raubex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Raubex stock over time.
Current vs Lagged Prices |
| Timeline |
Raubex Lagged Returns
When evaluating Raubex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Raubex stock have on its future price. Raubex 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, Raubex autocorrelation shows the relationship between Raubex stock current value and its past values and can show if there is a momentum factor associated with investing in Raubex.
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 Raubex Stock
Raubex financial ratios help investors to determine whether Raubex 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 Raubex with respect to the benefits of owning Raubex security.