Bodegas Riojanas (Spain) Market Value
| RIO Stock | EUR 3.32 0.14 4.05% |
| Symbol | Bodegas |
Bodegas Riojanas '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 Bodegas Riojanas' 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 Bodegas Riojanas.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Bodegas Riojanas on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Bodegas Riojanas SA or generate 0.0% return on investment in Bodegas Riojanas over 30 days. Bodegas Riojanas is related to or competes with Ebro Foods, Bankinter, Arteche Lantegi, Aedas Homes, Energy Solar, and Elaia Investment. Bodegas Riojanas, S.A. engages in winemaking business in Spain More
Bodegas Riojanas 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 Bodegas Riojanas' 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 Bodegas Riojanas SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 9.5 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 2.62 |
Bodegas Riojanas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bodegas Riojanas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bodegas Riojanas' standard deviation. In reality, there are many statistical measures that can use Bodegas Riojanas historical prices to predict the future Bodegas Riojanas' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 3.7 |
Bodegas Riojanas Backtested Returns
Bodegas Riojanas secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of standard deviation over the last 3 months. Bodegas Riojanas SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bodegas Riojanas' risk adjusted performance of (0.11), and Mean Deviation of 1.09 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.071, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bodegas Riojanas are expected to decrease at a much lower rate. During the bear market, Bodegas Riojanas is likely to outperform the market. At this point, Bodegas Riojanas has a negative expected return of -0.24%. Please make sure to confirm Bodegas Riojanas' total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Bodegas Riojanas performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.86 |
Excellent reverse predictability
Bodegas Riojanas SA has excellent reverse predictability. Overlapping area represents the amount of predictability between Bodegas Riojanas time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Bodegas Riojanas price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Bodegas Riojanas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bodegas Riojanas lagged returns against current returns
Autocorrelation, which is Bodegas Riojanas 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 Bodegas Riojanas' stock expected returns. We can calculate the autocorrelation of Bodegas Riojanas returns to help us make a trade decision. For example, suppose you find that Bodegas Riojanas 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 |
Bodegas Riojanas 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 Bodegas Riojanas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bodegas Riojanas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bodegas Riojanas stock over time.
Current vs Lagged Prices |
| Timeline |
Bodegas Riojanas Lagged Returns
When evaluating Bodegas Riojanas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bodegas Riojanas stock have on its future price. Bodegas Riojanas 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, Bodegas Riojanas autocorrelation shows the relationship between Bodegas Riojanas stock current value and its past values and can show if there is a momentum factor associated with investing in Bodegas Riojanas SA.
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 Bodegas Stock
Bodegas Riojanas financial ratios help investors to determine whether Bodegas 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 Bodegas with respect to the benefits of owning Bodegas Riojanas security.