Reckitt Benckiser (UK) Market Value
| RKT Stock | 4,859 1.00 0.02% |
| Symbol | Reckitt |
Reckitt Benckiser '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 Reckitt Benckiser'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 Reckitt Benckiser.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Reckitt Benckiser on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Reckitt Benckiser Group or generate 0.0% return on investment in Reckitt Benckiser over 30 days. Reckitt Benckiser is related to or competes with SM Energy, FuelCell Energy, Grand Vision, Overstock, Intuitive Investments, and Argo Blockchain. Reckitt Benckiser is entity of United Kingdom More
Reckitt Benckiser 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 Reckitt Benckiser'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 Reckitt Benckiser Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.0307 | |||
| Maximum Drawdown | 8.95 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.71 |
Reckitt Benckiser Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reckitt Benckiser's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reckitt Benckiser's standard deviation. In reality, there are many statistical measures that can use Reckitt Benckiser historical prices to predict the future Reckitt Benckiser's volatility.| Risk Adjusted Performance | 0.0968 | |||
| Jensen Alpha | 0.1843 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0369 | |||
| Treynor Ratio | (0.65) |
Reckitt Benckiser Backtested Returns
At this point, Reckitt Benckiser is very steady. Reckitt Benckiser maintains Sharpe Ratio (i.e., Efficiency) of 0.0975, which implies the firm had a 0.0975% return per unit of risk over the last 3 months. We have found thirty technical indicators for Reckitt Benckiser, which you can use to evaluate the volatility of the company. Please check Reckitt Benckiser's Coefficient Of Variation of 827.01, semi deviation of 0.9718, and Risk Adjusted Performance of 0.0968 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Reckitt Benckiser has a performance score of 7 on a scale of 0 to 100. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Reckitt Benckiser are expected to decrease at a much lower rate. During the bear market, Reckitt Benckiser is likely to outperform the market. Reckitt Benckiser right now holds a risk of 1.38%. Please check Reckitt Benckiser maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Reckitt Benckiser will be following its historical price patterns.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Reckitt Benckiser Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Reckitt Benckiser time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Reckitt Benckiser price movement. The serial correlation of -0.71 indicates that around 71.0% of current Reckitt Benckiser price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 3843.97 |
Reckitt Benckiser lagged returns against current returns
Autocorrelation, which is Reckitt Benckiser 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 Reckitt Benckiser's stock expected returns. We can calculate the autocorrelation of Reckitt Benckiser returns to help us make a trade decision. For example, suppose you find that Reckitt Benckiser 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 |
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Reckitt Benckiser 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 Reckitt Benckiser stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reckitt Benckiser stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reckitt Benckiser stock over time.
Current vs Lagged Prices |
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Reckitt Benckiser Lagged Returns
When evaluating Reckitt Benckiser's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reckitt Benckiser stock have on its future price. Reckitt Benckiser 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, Reckitt Benckiser autocorrelation shows the relationship between Reckitt Benckiser stock current value and its past values and can show if there is a momentum factor associated with investing in Reckitt Benckiser Group.
Regressed Prices |
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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 Reckitt Stock
Reckitt Benckiser financial ratios help investors to determine whether Reckitt 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 Reckitt with respect to the benefits of owning Reckitt Benckiser security.