RNI Negcios (Brazil) Market Value
| RDNI3 Stock | BRL 2.56 0.02 0.78% |
| Symbol | RNI |
RNI Negcios '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 RNI Negcios' 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 RNI Negcios.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in RNI Negcios on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding RNI Negcios Imobilirios or generate 0.0% return on investment in RNI Negcios over 30 days. RNI Negcios is related to or competes with Engie Brasil, Fras Le, Energisa, BTG Pactual, Procter Gamble, Companhia Paranaense, and Randon SA. RNI Negcios Imobilirios S.A. operates as a real estate development company More
RNI Negcios 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 RNI Negcios' 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 RNI Negcios Imobilirios upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 13.55 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 2.26 |
RNI Negcios Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RNI Negcios' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RNI Negcios' standard deviation. In reality, there are many statistical measures that can use RNI Negcios historical prices to predict the future RNI Negcios' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | 1.46 |
RNI Negcios Imobilirios Backtested Returns
RNI Negcios Imobilirios maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the firm had a -0.17% return per unit of volatility over the last 3 months. RNI Negcios Imobilirios exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RNI Negcios' coefficient of variation of (608.51), and Risk Adjusted Performance of (0.12) to confirm the risk estimate we provide. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning RNI Negcios are expected to decrease at a much lower rate. During the bear market, RNI Negcios is likely to outperform the market. At this point, RNI Negcios Imobilirios has a negative expected return of -0.35%. Please make sure to check RNI Negcios' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if RNI Negcios Imobilirios performance from the past will be repeated at future time.
Auto-correlation | 0.80 |
Very good predictability
RNI Negcios Imobilirios has very good predictability. Overlapping area represents the amount of predictability between RNI Negcios time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 RNI Negcios Imobilirios price movement. The serial correlation of 0.8 indicates that around 80.0% of current RNI Negcios price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
RNI Negcios Imobilirios lagged returns against current returns
Autocorrelation, which is RNI Negcios 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 RNI Negcios' stock expected returns. We can calculate the autocorrelation of RNI Negcios returns to help us make a trade decision. For example, suppose you find that RNI Negcios 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 |
RNI Negcios 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 RNI Negcios stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RNI Negcios stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RNI Negcios stock over time.
Current vs Lagged Prices |
| Timeline |
RNI Negcios Lagged Returns
When evaluating RNI Negcios' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RNI Negcios stock have on its future price. RNI Negcios 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, RNI Negcios autocorrelation shows the relationship between RNI Negcios stock current value and its past values and can show if there is a momentum factor associated with investing in RNI Negcios Imobilirios.
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.Additional Tools for RNI Stock Analysis
When running RNI Negcios' price analysis, check to measure RNI Negcios' 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 RNI Negcios is operating at the current time. Most of RNI Negcios' value examination focuses on studying past and present price action to predict the probability of RNI Negcios' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RNI Negcios' price. Additionally, you may evaluate how the addition of RNI Negcios to your portfolios can decrease your overall portfolio volatility.