Renovacare Stock Market Value
| RCAR Stock | USD 0.0001 0.00 0.00% |
| Symbol | RenovaCare |
RenovaCare '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 RenovaCare's pink sheet 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 RenovaCare.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in RenovaCare on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding RenovaCare or generate 0.0% return on investment in RenovaCare over 720 days. RenovaCare is related to or competes with Nutriband, Lixte Biotechnology, NRx Pharmaceuticals, Aerovate Therapeutics, Ascletis Pharma, Indaptus Therapeutics, and Rezolute. RenovaCare, Inc., a development-stage biotech and medical device company, focuses on the research, development, and comm... More
RenovaCare 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 RenovaCare's pink sheet 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 RenovaCare upside and downside potential and time the market with a certain degree of confidence.
RenovaCare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RenovaCare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RenovaCare's standard deviation. In reality, there are many statistical measures that can use RenovaCare historical prices to predict the future RenovaCare's volatility.RenovaCare Backtested Returns
We have found three technical indicators for RenovaCare, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and RenovaCare are completely uncorrelated.
Auto-correlation | -0.04 |
Very weak reverse predictability
RenovaCare has very weak reverse predictability. Overlapping area represents the amount of predictability between RenovaCare time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of RenovaCare price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current RenovaCare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
RenovaCare lagged returns against current returns
Autocorrelation, which is RenovaCare pink sheet'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 RenovaCare's pink sheet expected returns. We can calculate the autocorrelation of RenovaCare returns to help us make a trade decision. For example, suppose you find that RenovaCare has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
RenovaCare 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 RenovaCare pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RenovaCare pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RenovaCare pink sheet over time.
Current vs Lagged Prices |
| Timeline |
RenovaCare Lagged Returns
When evaluating RenovaCare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RenovaCare pink sheet have on its future price. RenovaCare 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, RenovaCare autocorrelation shows the relationship between RenovaCare pink sheet current value and its past values and can show if there is a momentum factor associated with investing in RenovaCare.
Regressed Prices |
| Timeline |
Pair Trading with RenovaCare
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RenovaCare position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RenovaCare will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to RenovaCare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RenovaCare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RenovaCare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RenovaCare to buy it.
The correlation of RenovaCare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RenovaCare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RenovaCare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RenovaCare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for RenovaCare Pink Sheet Analysis
When running RenovaCare's price analysis, check to measure RenovaCare'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 RenovaCare is operating at the current time. Most of RenovaCare's value examination focuses on studying past and present price action to predict the probability of RenovaCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RenovaCare's price. Additionally, you may evaluate how the addition of RenovaCare to your portfolios can decrease your overall portfolio volatility.