Laboratorio Reig (Spain) Market Value
| RJF Stock | EUR 2.81 0.03 1.08% |
| Symbol | Laboratorio |
Laboratorio Reig '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 Laboratorio Reig'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 Laboratorio Reig.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Laboratorio Reig on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Laboratorio Reig Jofre or generate 0.0% return on investment in Laboratorio Reig over 180 days. Laboratorio Reig is related to or competes with Laboratorios Farmaceuticos, Almirall, Pharma Mar, Oryzon Genomics, and Faes Farma. Laboratorio Reig Jofre, S.A., a pharmaceutical company, engages in the research, development, manufacture, and marketing... More
Laboratorio Reig 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 Laboratorio Reig'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 Laboratorio Reig Jofre upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.73 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.58 |
Laboratorio Reig Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Laboratorio Reig's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Laboratorio Reig's standard deviation. In reality, there are many statistical measures that can use Laboratorio Reig historical prices to predict the future Laboratorio Reig's volatility.| Risk Adjusted Performance | 0.0292 | |||
| Jensen Alpha | 0.0146 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1965 |
Laboratorio Reig Jofre Backtested Returns
At this point, Laboratorio Reig is slightly risky. Laboratorio Reig Jofre has Sharpe Ratio of 0.0413, which conveys that the firm had a 0.0413% return per unit of risk over the last 3 months. We have found thirty technical indicators for Laboratorio Reig, which you can use to evaluate the volatility of the firm. Please verify Laboratorio Reig's Mean Deviation of 1.23, downside deviation of 1.53, and Risk Adjusted Performance of 0.0292 to check out if the risk estimate we provide is consistent with the expected return of 0.0684%. Laboratorio Reig has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Laboratorio Reig's returns are expected to increase less than the market. However, during the bear market, the loss of holding Laboratorio Reig is expected to be smaller as well. Laboratorio Reig Jofre right now secures a risk of 1.66%. Please verify Laboratorio Reig Jofre total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if Laboratorio Reig Jofre will be following its current price movements.
Auto-correlation | -0.3 |
Weak reverse predictability
Laboratorio Reig Jofre has weak reverse predictability. Overlapping area represents the amount of predictability between Laboratorio Reig time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Laboratorio Reig Jofre price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Laboratorio Reig price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Laboratorio Reig Jofre lagged returns against current returns
Autocorrelation, which is Laboratorio Reig 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 Laboratorio Reig's stock expected returns. We can calculate the autocorrelation of Laboratorio Reig returns to help us make a trade decision. For example, suppose you find that Laboratorio Reig 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 |
Laboratorio Reig 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 Laboratorio Reig stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Laboratorio Reig stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Laboratorio Reig stock over time.
Current vs Lagged Prices |
| Timeline |
Laboratorio Reig Lagged Returns
When evaluating Laboratorio Reig's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Laboratorio Reig stock have on its future price. Laboratorio Reig 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, Laboratorio Reig autocorrelation shows the relationship between Laboratorio Reig stock current value and its past values and can show if there is a momentum factor associated with investing in Laboratorio Reig Jofre.
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 Laboratorio Stock
Laboratorio Reig financial ratios help investors to determine whether Laboratorio 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 Laboratorio with respect to the benefits of owning Laboratorio Reig security.