RCL Foods (South Africa) Market Value
| RCL Stock | 911.00 6.00 0.65% |
| Symbol | RCL |
RCL Foods '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 RCL Foods' 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 RCL Foods.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in RCL Foods on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding RCL Foods or generate 0.0% return on investment in RCL Foods over 660 days. RCL Foods is related to or competes with Standard Bank, Ascendis Health, Advtech, Brimstone Investment, Allied Electronics, and Safari Investments. More
RCL Foods 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 RCL Foods' 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 RCL Foods upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 14.78 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.39 |
RCL Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RCL Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RCL Foods' standard deviation. In reality, there are many statistical measures that can use RCL Foods historical prices to predict the future RCL Foods' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (2.63) |
RCL Foods Backtested Returns
RCL Foods maintains Sharpe Ratio (i.e., Efficiency) of -0.0385, which implies the company had a -0.0385% return per unit of volatility over the last 3 months. RCL Foods exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RCL Foods' market risk adjusted performance of (2.62), and Variance of 3.99 to confirm the risk estimate we provide. The firm holds a Beta of 0.0325, which implies not very significant fluctuations relative to the market. As returns on the market increase, RCL Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding RCL Foods is expected to be smaller as well. At this point, RCL Foods has a negative expected return of -0.078%. Please make sure to check RCL Foods' maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if RCL Foods performance from the past will be repeated at future time.
Auto-correlation | 0.31 |
Below average predictability
RCL Foods has below average predictability. Overlapping area represents the amount of predictability between RCL Foods time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 RCL Foods price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current RCL Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 5347.12 |
RCL Foods lagged returns against current returns
Autocorrelation, which is RCL Foods 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 RCL Foods' stock expected returns. We can calculate the autocorrelation of RCL Foods returns to help us make a trade decision. For example, suppose you find that RCL Foods 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 |
RCL Foods 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 RCL Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RCL Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RCL Foods stock over time.
Current vs Lagged Prices |
| Timeline |
RCL Foods Lagged Returns
When evaluating RCL Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RCL Foods stock have on its future price. RCL Foods 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, RCL Foods autocorrelation shows the relationship between RCL Foods stock current value and its past values and can show if there is a momentum factor associated with investing in RCL Foods.
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.Other Information on Investing in RCL Stock
RCL Foods financial ratios help investors to determine whether RCL 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 RCL with respect to the benefits of owning RCL Foods security.