RHI Magnesita (Austria) Market Value
| RHIM Stock | EUR 38.00 0.20 0.53% |
| Symbol | RHI |
RHI Magnesita '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 RHI Magnesita'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 RHI Magnesita.
| 01/28/2023 |
| 12/18/2024 |
If you would invest 0.00 in RHI Magnesita on January 28, 2023 and sell it all today you would earn a total of 0.00 from holding RHI Magnesita NV or generate 0.0% return on investment in RHI Magnesita over 690 days. RHI Magnesita is related to or competes with AT S, Wienerberger, Lenzing Aktiengesellscha, and Voestalpine. More
RHI Magnesita 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 RHI Magnesita'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 RHI Magnesita NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.86 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.04 |
RHI Magnesita Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RHI Magnesita's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RHI Magnesita's standard deviation. In reality, there are many statistical measures that can use RHI Magnesita historical prices to predict the future RHI Magnesita's volatility.| Risk Adjusted Performance | 0.0108 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0021 |
RHI Magnesita NV Backtested Returns
RHI Magnesita NV maintains Sharpe Ratio (i.e., Efficiency) of -0.0231, which implies the firm had a -0.0231% return per unit of volatility over the last 3 months. RHI Magnesita NV exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RHI Magnesita's risk adjusted performance of 0.0108, and Semi Deviation of 1.73 to confirm the risk estimate we provide. The company holds a Beta of 0.98, which implies possible diversification benefits within a given portfolio. RHI Magnesita returns are very sensitive to returns on the market. As the market goes up or down, RHI Magnesita is expected to follow. At this point, RHI Magnesita NV has a negative expected return of -0.041%. Please make sure to check RHI Magnesita's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if RHI Magnesita NV performance from the past will be repeated at future time.
Auto-correlation | -0.38 |
Poor reverse predictability
RHI Magnesita NV has poor reverse predictability. Overlapping area represents the amount of predictability between RHI Magnesita time series from 28th of January 2023 to 8th of January 2024 and 8th of January 2024 to 18th of December 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 RHI Magnesita NV price movement. The serial correlation of -0.38 indicates that just about 38.0% of current RHI Magnesita price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 3.67 |
RHI Magnesita NV lagged returns against current returns
Autocorrelation, which is RHI Magnesita 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 RHI Magnesita's stock expected returns. We can calculate the autocorrelation of RHI Magnesita returns to help us make a trade decision. For example, suppose you find that RHI Magnesita 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 |
RHI Magnesita 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 RHI Magnesita stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RHI Magnesita stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RHI Magnesita stock over time.
Current vs Lagged Prices |
| Timeline |
RHI Magnesita Lagged Returns
When evaluating RHI Magnesita's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RHI Magnesita stock have on its future price. RHI Magnesita 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, RHI Magnesita autocorrelation shows the relationship between RHI Magnesita stock current value and its past values and can show if there is a momentum factor associated with investing in RHI Magnesita NV.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in RHI Stock
RHI Magnesita financial ratios help investors to determine whether RHI 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 RHI with respect to the benefits of owning RHI Magnesita security.