Redefine Properties (South Africa) Market Value
| RDF Stock | 462.00 8.00 1.76% |
| Symbol | Redefine |
Redefine Properties '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 Redefine Properties' 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 Redefine Properties.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Redefine Properties on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Redefine Properties or generate 0.0% return on investment in Redefine Properties over 30 days. Redefine Properties is related to or competes with Growthpoint Properties, Fortress Income, Emira Property, Dipula Income, Octodec, and Safari Investments. More
Redefine Properties 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 Redefine Properties' 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 Redefine Properties upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.99 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 2.2 |
Redefine Properties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Redefine Properties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Redefine Properties' standard deviation. In reality, there are many statistical measures that can use Redefine Properties historical prices to predict the future Redefine Properties' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.8631 |
Redefine Properties Backtested Returns
Redefine Properties maintains Sharpe Ratio (i.e., Efficiency) of -0.075, which implies the firm had a -0.075% return per unit of risk over the last 3 months. Redefine Properties exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Redefine Properties' Coefficient Of Variation of (1,447), risk adjusted performance of (0.05), and Variance of 1.9 to confirm the risk estimate we provide. The company holds a Beta of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Redefine Properties are expected to decrease at a much lower rate. During the bear market, Redefine Properties is likely to outperform the market. At this point, Redefine Properties has a negative expected return of -0.1%. Please make sure to check Redefine Properties' value at risk, accumulation distribution, and the relationship between the treynor ratio and skewness , to decide if Redefine Properties performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Redefine Properties has weak predictability. Overlapping area represents the amount of predictability between Redefine Properties time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Redefine Properties price movement. The serial correlation of 0.24 indicates that over 24.0% of current Redefine Properties price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 23.58 |
Redefine Properties lagged returns against current returns
Autocorrelation, which is Redefine Properties 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 Redefine Properties' stock expected returns. We can calculate the autocorrelation of Redefine Properties returns to help us make a trade decision. For example, suppose you find that Redefine Properties 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 |
Redefine Properties 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 Redefine Properties stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Redefine Properties stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Redefine Properties stock over time.
Current vs Lagged Prices |
| Timeline |
Redefine Properties Lagged Returns
When evaluating Redefine Properties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Redefine Properties stock have on its future price. Redefine Properties 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, Redefine Properties autocorrelation shows the relationship between Redefine Properties stock current value and its past values and can show if there is a momentum factor associated with investing in Redefine Properties.
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 Redefine Stock
Redefine Properties financial ratios help investors to determine whether Redefine 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 Redefine with respect to the benefits of owning Redefine Properties security.