REGAL ASIAN (Australia) Market Value
| RG8 Stock | 2.18 0.01 0.46% |
| Symbol | REGAL |
REGAL ASIAN '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 REGAL ASIAN'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 REGAL ASIAN.
| 09/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in REGAL ASIAN on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding REGAL ASIAN INVESTMENTS or generate 0.0% return on investment in REGAL ASIAN over 60 days. REGAL ASIAN is related to or competes with Westpac Banking, ABACUS STORAGE, IShares Global, Ridley, and Australian Agricultural. REGAL ASIAN is entity of Australia. It is traded as Stock on AU exchange. More
REGAL ASIAN 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 REGAL ASIAN'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 REGAL ASIAN INVESTMENTS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.0307 | |||
| Maximum Drawdown | 8.61 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 3.09 |
REGAL ASIAN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for REGAL ASIAN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as REGAL ASIAN's standard deviation. In reality, there are many statistical measures that can use REGAL ASIAN historical prices to predict the future REGAL ASIAN's volatility.| Risk Adjusted Performance | 0.0797 | |||
| Jensen Alpha | 0.1379 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0276 | |||
| Treynor Ratio | 1.25 |
REGAL ASIAN INVESTMENTS Backtested Returns
Currently, REGAL ASIAN INVESTMENTS is moderately volatile. REGAL ASIAN INVESTMENTS maintains Sharpe Ratio (i.e., Efficiency) of 0.0894, which implies the firm had a 0.0894% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for REGAL ASIAN INVESTMENTS, which you can use to evaluate the volatility of the company. Please check REGAL ASIAN's risk adjusted performance of 0.0797, and Semi Deviation of 1.44 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. REGAL ASIAN has a performance score of 7 on a scale of 0 to 100. The company holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, REGAL ASIAN's returns are expected to increase less than the market. However, during the bear market, the loss of holding REGAL ASIAN is expected to be smaller as well. REGAL ASIAN INVESTMENTS now holds a risk of 1.63%. Please check REGAL ASIAN INVESTMENTS coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if REGAL ASIAN INVESTMENTS will be following its historical price patterns.
Auto-correlation | -0.02 |
Very weak reverse predictability
REGAL ASIAN INVESTMENTS has very weak reverse predictability. Overlapping area represents the amount of predictability between REGAL ASIAN time series from 23rd of September 2024 to 23rd of October 2024 and 23rd of October 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 REGAL ASIAN INVESTMENTS price movement. The serial correlation of -0.02 indicates that only 2.0% of current REGAL ASIAN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
REGAL ASIAN INVESTMENTS lagged returns against current returns
Autocorrelation, which is REGAL ASIAN 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 REGAL ASIAN's stock expected returns. We can calculate the autocorrelation of REGAL ASIAN returns to help us make a trade decision. For example, suppose you find that REGAL ASIAN 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 |
REGAL ASIAN 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 REGAL ASIAN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if REGAL ASIAN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in REGAL ASIAN stock over time.
Current vs Lagged Prices |
| Timeline |
REGAL ASIAN Lagged Returns
When evaluating REGAL ASIAN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of REGAL ASIAN stock have on its future price. REGAL ASIAN 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, REGAL ASIAN autocorrelation shows the relationship between REGAL ASIAN stock current value and its past values and can show if there is a momentum factor associated with investing in REGAL ASIAN INVESTMENTS.
Regressed Prices |
| Timeline |
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Additional Tools for REGAL Stock Analysis
When running REGAL ASIAN's price analysis, check to measure REGAL ASIAN's 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 REGAL ASIAN is operating at the current time. Most of REGAL ASIAN's value examination focuses on studying past and present price action to predict the probability of REGAL ASIAN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move REGAL ASIAN's price. Additionally, you may evaluate how the addition of REGAL ASIAN to your portfolios can decrease your overall portfolio volatility.