Readytech Holdings (Australia) Market Value
| RDY Stock | 2.95 0.05 1.72% |
| Symbol | Readytech |
Readytech Holdings '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 Readytech Holdings' 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 Readytech Holdings.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Readytech Holdings on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Readytech Holdings or generate 0.0% return on investment in Readytech Holdings over 720 days. Readytech Holdings is related to or competes with Skycity Entertainment, ARN Media, Infomedia, Argo Investments, Collins Foods, and Ainsworth Game. Readytech Holdings is entity of Australia More
Readytech Holdings 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 Readytech Holdings' 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 Readytech Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.84 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 4.64 |
Readytech Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Readytech Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Readytech Holdings' standard deviation. In reality, there are many statistical measures that can use Readytech Holdings historical prices to predict the future Readytech Holdings' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (1.09) |
Readytech Holdings Backtested Returns
Readytech Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.048, which implies the firm had a -0.048% return per unit of risk over the last 3 months. Readytech Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Readytech Holdings' Risk Adjusted Performance of (0.04), coefficient of variation of (1,712), and Variance of 4.54 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, Readytech Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Readytech Holdings is expected to be smaller as well. At this point, Readytech Holdings has a negative expected return of -0.1%. Please make sure to check Readytech Holdings' coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Readytech Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Readytech Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between Readytech Holdings time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Readytech Holdings price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Readytech Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Readytech Holdings lagged returns against current returns
Autocorrelation, which is Readytech Holdings 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 Readytech Holdings' stock expected returns. We can calculate the autocorrelation of Readytech Holdings returns to help us make a trade decision. For example, suppose you find that Readytech Holdings 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 |
Readytech Holdings 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 Readytech Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Readytech Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Readytech Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Readytech Holdings Lagged Returns
When evaluating Readytech Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Readytech Holdings stock have on its future price. Readytech Holdings 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, Readytech Holdings autocorrelation shows the relationship between Readytech Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Readytech Holdings.
Regressed Prices |
| Timeline |
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Additional Tools for Readytech Stock Analysis
When running Readytech Holdings' price analysis, check to measure Readytech Holdings' 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 Readytech Holdings is operating at the current time. Most of Readytech Holdings' value examination focuses on studying past and present price action to predict the probability of Readytech Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Readytech Holdings' price. Additionally, you may evaluate how the addition of Readytech Holdings to your portfolios can decrease your overall portfolio volatility.