Remgro (South Africa) Market Value
| REM Stock | 15,176 160.00 1.07% |
| Symbol | Remgro |
Remgro '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 Remgro'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 Remgro.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Remgro on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Remgro or generate 0.0% return on investment in Remgro over 660 days. Remgro is related to or competes with Growthpoint Properties, Bowler Metcalf, Shoprite Holdings, Dis Chem, Impala Platinum, and Kap Industrial. More
Remgro 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 Remgro'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 Remgro upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | 0.0251 | |||
| Maximum Drawdown | 11.14 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 2.64 |
Remgro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Remgro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Remgro's standard deviation. In reality, there are many statistical measures that can use Remgro historical prices to predict the future Remgro's volatility.| Risk Adjusted Performance | 0.0913 | |||
| Jensen Alpha | 0.1476 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0278 | |||
| Treynor Ratio | 1.79 |
Remgro Backtested Returns
At this point, Remgro is very steady. Remgro maintains Sharpe Ratio (i.e., Efficiency) of 0.0769, which implies the firm had a 0.0769% return per unit of risk over the last 3 months. We have found thirty technical indicators for Remgro, which you can use to evaluate the volatility of the company. Please check Remgro's Coefficient Of Variation of 887.81, risk adjusted performance of 0.0913, and Semi Deviation of 1.14 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Remgro has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of 0.0885, which implies not very significant fluctuations relative to the market. As returns on the market increase, Remgro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Remgro is expected to be smaller as well. Remgro right now holds a risk of 1.48%. Please check Remgro value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Remgro will be following its historical price patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
Remgro has very weak reverse predictability. Overlapping area represents the amount of predictability between Remgro time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Remgro price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Remgro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 M |
Remgro lagged returns against current returns
Autocorrelation, which is Remgro 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 Remgro's stock expected returns. We can calculate the autocorrelation of Remgro returns to help us make a trade decision. For example, suppose you find that Remgro 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 |
Remgro 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 Remgro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Remgro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Remgro stock over time.
Current vs Lagged Prices |
| Timeline |
Remgro Lagged Returns
When evaluating Remgro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Remgro stock have on its future price. Remgro 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, Remgro autocorrelation shows the relationship between Remgro stock current value and its past values and can show if there is a momentum factor associated with investing in Remgro.
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 Remgro Stock
Remgro financial ratios help investors to determine whether Remgro 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 Remgro with respect to the benefits of owning Remgro security.