Rdva Inc Stock Market Value
| RDVA Stock | USD 0.0002 0.00 0.00% |
| Symbol | RDVA |
RDVA '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 RDVA'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 RDVA.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in RDVA on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding RDVA Inc or generate 0.0% return on investment in RDVA over 450 days. RDVA is related to or competes with Tianjin Capital, Insteel Industries, Century Aluminum, Microchip Technology, Globalfoundries, and Grupo Simec. RDVA, Inc. designs and manufactures foam packaging and products in the United States More
RDVA 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 RDVA'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 RDVA Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 95.24 |
RDVA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RDVA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RDVA's standard deviation. In reality, there are many statistical measures that can use RDVA historical prices to predict the future RDVA's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.40) | |||
| Total Risk Alpha | (3.30) | |||
| Treynor Ratio | 3.3 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of RDVA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
RDVA Inc Backtested Returns
RDVA Inc maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of standard deviation over the last 3 months. RDVA Inc exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RDVA's Market Risk Adjusted Performance of 3.31, risk adjusted performance of (0.08), and Coefficient Of Variation of (812.40) to confirm the risk estimate we provide. The company holds a Beta of -0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning RDVA are expected to decrease at a much lower rate. During the bear market, RDVA is likely to outperform the market. At this point, RDVA Inc has a negative expected return of -1.49%. Please make sure to check RDVA's standard deviation, as well as the relationship between the maximum drawdown and day median price , to decide if RDVA Inc performance from the past will be repeated at future time.
Auto-correlation | -0.45 |
Modest reverse predictability
RDVA Inc has modest reverse predictability. Overlapping area represents the amount of predictability between RDVA time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th 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 RDVA Inc price movement. The serial correlation of -0.45 indicates that just about 45.0% of current RDVA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
RDVA Inc lagged returns against current returns
Autocorrelation, which is RDVA 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 RDVA's pink sheet expected returns. We can calculate the autocorrelation of RDVA returns to help us make a trade decision. For example, suppose you find that RDVA 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 |
RDVA 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 RDVA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RDVA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RDVA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
RDVA Lagged Returns
When evaluating RDVA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RDVA pink sheet have on its future price. RDVA 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, RDVA autocorrelation shows the relationship between RDVA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in RDVA Inc.
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 RDVA Pink Sheet
RDVA financial ratios help investors to determine whether RDVA Pink Sheet 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 RDVA with respect to the benefits of owning RDVA security.