Reka Industrial (Finland) Market Value
| REKA Stock | EUR 4.54 0.38 7.72% |
| Symbol | Reka |
Reka Industrial '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 Reka Industrial'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 Reka Industrial.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Reka Industrial on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Reka Industrial Oyj or generate 0.0% return on investment in Reka Industrial over 180 days. Reka Industrial is related to or competes with Kempower Oyj, Vaisala Oyj, Nokian Renkaat, CapMan Oyj, Spinnova, KONE Oyj, and Solteq PLC. Reka Industrial Oyj manufactures and sells cables in Finland, Sweden, Denmark, Norway, the Baltic countries, and Russia More
Reka Industrial 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 Reka Industrial'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 Reka Industrial Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 17.8 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.42 |
Reka Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reka Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reka Industrial's standard deviation. In reality, there are many statistical measures that can use Reka Industrial historical prices to predict the future Reka Industrial's volatility.| Risk Adjusted Performance | 0.0113 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0178 |
Reka Industrial Oyj Backtested Returns
Reka Industrial Oyj maintains Sharpe Ratio (i.e., Efficiency) of -0.0472, which implies the firm had a -0.0472% return per unit of risk over the last 3 months. Reka Industrial Oyj exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reka Industrial's Risk Adjusted Performance of 0.0113, coefficient of variation of 14923.7, and Semi Deviation of 1.5 to confirm the risk estimate we provide. The company holds a Beta of 0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, Reka Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Reka Industrial is expected to be smaller as well. At this point, Reka Industrial Oyj has a negative expected return of -0.11%. Please make sure to check Reka Industrial's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Reka Industrial Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Reka Industrial Oyj has weak reverse predictability. Overlapping area represents the amount of predictability between Reka Industrial time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Reka Industrial Oyj price movement. The serial correlation of -0.23 indicates that over 23.0% of current Reka Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Reka Industrial Oyj lagged returns against current returns
Autocorrelation, which is Reka Industrial 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 Reka Industrial's stock expected returns. We can calculate the autocorrelation of Reka Industrial returns to help us make a trade decision. For example, suppose you find that Reka Industrial 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 |
Reka Industrial 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 Reka Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reka Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reka Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Reka Industrial Lagged Returns
When evaluating Reka Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reka Industrial stock have on its future price. Reka Industrial 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, Reka Industrial autocorrelation shows the relationship between Reka Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Reka Industrial Oyj.
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 Reka Stock
Reka Industrial financial ratios help investors to determine whether Reka 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 Reka with respect to the benefits of owning Reka Industrial security.