Redeia Corporacion (Spain) Market Value
| RED Stock | 17.04 0.36 2.16% |
| Symbol | Redeia |
Redeia Corporacion '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 Redeia Corporacion's 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 Redeia Corporacion.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Redeia Corporacion on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Redeia Corporacion SA or generate 0.0% return on investment in Redeia Corporacion over 90 days. Redeia Corporacion is related to or competes with Viscofan, Metrovacesa, Elecnor SA, Mapfre, Coca Cola, Cellnex Telecom, and Industria. More
Redeia Corporacion 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 Redeia Corporacion's 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 Redeia Corporacion SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.43 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.52 |
Redeia Corporacion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Redeia Corporacion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Redeia Corporacion's standard deviation. In reality, there are many statistical measures that can use Redeia Corporacion historical prices to predict the future Redeia Corporacion's volatility.| Risk Adjusted Performance | 0.0052 | |||
| Jensen Alpha | 0.0098 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0511 |
Redeia Corporacion Backtested Returns
Redeia Corporacion maintains Sharpe Ratio (i.e., Efficiency) of -0.0047, which implies the firm had a -0.0047% return per unit of risk over the last 3 months. Redeia Corporacion exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Redeia Corporacion's Risk Adjusted Performance of 0.0052, coefficient of variation of 40186.66, and Semi Deviation of 1.15 to confirm the risk estimate we provide. The company holds a Beta of -0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Redeia Corporacion are expected to decrease at a much lower rate. During the bear market, Redeia Corporacion is likely to outperform the market. At this point, Redeia Corporacion has a negative expected return of -0.0054%. Please make sure to check Redeia Corporacion's coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to decide if Redeia Corporacion performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Redeia Corporacion SA has virtually no predictability. Overlapping area represents the amount of predictability between Redeia Corporacion time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Redeia Corporacion price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Redeia Corporacion price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Redeia Corporacion lagged returns against current returns
Autocorrelation, which is Redeia Corporacion 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 Redeia Corporacion's stock expected returns. We can calculate the autocorrelation of Redeia Corporacion returns to help us make a trade decision. For example, suppose you find that Redeia Corporacion 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 |
Redeia Corporacion 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 Redeia Corporacion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Redeia Corporacion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Redeia Corporacion stock over time.
Current vs Lagged Prices |
| Timeline |
Redeia Corporacion Lagged Returns
When evaluating Redeia Corporacion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Redeia Corporacion stock have on its future price. Redeia Corporacion 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, Redeia Corporacion autocorrelation shows the relationship between Redeia Corporacion stock current value and its past values and can show if there is a momentum factor associated with investing in Redeia Corporacion SA.
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 Redeia Stock
Redeia Corporacion financial ratios help investors to determine whether Redeia 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 Redeia with respect to the benefits of owning Redeia Corporacion security.