Recce (Australia) Market Value
| RCE Stock | 0.47 0.01 2.17% |
| Symbol | Recce |
Recce '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 Recce'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 Recce.
| 04/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Recce on April 30, 2024 and sell it all today you would earn a total of 0.00 from holding Recce or generate 0.0% return on investment in Recce over 210 days. Recce is entity of Australia. It is traded as Stock on AU exchange. More
Recce 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 Recce'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 Recce upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 15.39 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 4.26 |
Recce Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Recce's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Recce's standard deviation. In reality, there are many statistical measures that can use Recce historical prices to predict the future Recce's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.90) |
Recce Backtested Returns
Recce maintains Sharpe Ratio (i.e., Efficiency) of -0.0155, which implies the firm had a -0.0155% return per unit of risk over the last 3 months. Recce exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Recce's Coefficient Of Variation of (4,112), risk adjusted performance of (0.01), and Variance of 9.69 to confirm the risk estimate we provide. The company holds a Beta of 0.0955, which implies not very significant fluctuations relative to the market. As returns on the market increase, Recce's returns are expected to increase less than the market. However, during the bear market, the loss of holding Recce is expected to be smaller as well. At this point, Recce has a negative expected return of -0.0479%. Please make sure to check Recce's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Recce performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Recce has insignificant predictability. Overlapping area represents the amount of predictability between Recce time series from 30th of April 2024 to 13th of August 2024 and 13th of August 2024 to 26th 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 Recce price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Recce price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Recce lagged returns against current returns
Autocorrelation, which is Recce 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 Recce's stock expected returns. We can calculate the autocorrelation of Recce returns to help us make a trade decision. For example, suppose you find that Recce 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 |
Recce 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 Recce stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Recce stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Recce stock over time.
Current vs Lagged Prices |
| Timeline |
Recce Lagged Returns
When evaluating Recce's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Recce stock have on its future price. Recce 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, Recce autocorrelation shows the relationship between Recce stock current value and its past values and can show if there is a momentum factor associated with investing in Recce.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Recce Stock Analysis
When running Recce's price analysis, check to measure Recce'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 Recce is operating at the current time. Most of Recce's value examination focuses on studying past and present price action to predict the probability of Recce's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Recce's price. Additionally, you may evaluate how the addition of Recce to your portfolios can decrease your overall portfolio volatility.