Richter Gedeon (Germany) Market Value
| RIG2 Stock | EUR 25.92 0.86 3.21% |
| Symbol | Richter |
Richter Gedeon '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 Richter Gedeon'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 Richter Gedeon.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Richter Gedeon on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Richter Gedeon Vegyszeti or generate 0.0% return on investment in Richter Gedeon over 30 days. Richter Gedeon is related to or competes with Shionogi, Ipsen SA, Dr Reddys, Superior Plus, NMI Holdings, Origin Agritech, and SIVERS SEMICONDUCTORS. Richter Gedeon Vegyszeti Gyr Nyilvnosan Mukdo Rt More
Richter Gedeon 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 Richter Gedeon'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 Richter Gedeon Vegyszeti upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.33 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 2.97 |
Richter Gedeon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Richter Gedeon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Richter Gedeon's standard deviation. In reality, there are many statistical measures that can use Richter Gedeon historical prices to predict the future Richter Gedeon's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.14) |
Richter Gedeon Vegyszeti Backtested Returns
Richter Gedeon Vegyszeti maintains Sharpe Ratio (i.e., Efficiency) of -0.0441, which implies the firm had a -0.0441% return per unit of risk over the last 3 months. Richter Gedeon Vegyszeti exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Richter Gedeon's Variance of 2.92, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,619) to confirm the risk estimate we provide. The company holds a Beta of 0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Richter Gedeon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Richter Gedeon is expected to be smaller as well. At this point, Richter Gedeon Vegyszeti has a negative expected return of -0.0753%. Please make sure to check Richter Gedeon's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Richter Gedeon Vegyszeti performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Richter Gedeon Vegyszeti has modest predictability. Overlapping area represents the amount of predictability between Richter Gedeon time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Richter Gedeon Vegyszeti price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Richter Gedeon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Richter Gedeon Vegyszeti lagged returns against current returns
Autocorrelation, which is Richter Gedeon 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 Richter Gedeon's stock expected returns. We can calculate the autocorrelation of Richter Gedeon returns to help us make a trade decision. For example, suppose you find that Richter Gedeon 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 |
Richter Gedeon 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 Richter Gedeon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Richter Gedeon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Richter Gedeon stock over time.
Current vs Lagged Prices |
| Timeline |
Richter Gedeon Lagged Returns
When evaluating Richter Gedeon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Richter Gedeon stock have on its future price. Richter Gedeon 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, Richter Gedeon autocorrelation shows the relationship between Richter Gedeon stock current value and its past values and can show if there is a momentum factor associated with investing in Richter Gedeon Vegyszeti.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Richter Stock
Richter Gedeon financial ratios help investors to determine whether Richter 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 Richter with respect to the benefits of owning Richter Gedeon security.