Reunert (South Africa) Market Value
| RLO Stock | 7,500 128.00 1.68% |
| Symbol | Reunert |
Reunert '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 Reunert'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 Reunert.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Reunert on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Reunert or generate 0.0% return on investment in Reunert over 690 days. Reunert is related to or competes with Zeder Investments, Harmony Gold, British Amer, Safari Investments, RCL Foods, Kap Industrial, and Hosken Consolidated. More
Reunert 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 Reunert'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 Reunert upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.08 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 2.19 |
Reunert Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reunert's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reunert's standard deviation. In reality, there are many statistical measures that can use Reunert historical prices to predict the future Reunert's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.1184 |
Reunert Backtested Returns
Reunert maintains Sharpe Ratio (i.e., Efficiency) of -0.0353, which implies the firm had a -0.0353% return per unit of risk over the last 3 months. Reunert exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reunert's Coefficient Of Variation of (3,964), variance of 1.6, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of -0.35, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Reunert are expected to decrease at a much lower rate. During the bear market, Reunert is likely to outperform the market. At this point, Reunert has a negative expected return of -0.0452%. Please make sure to check Reunert's skewness, rate of daily change, price action indicator, as well as the relationship between the accumulation distribution and day typical price , to decide if Reunert performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Reunert has average predictability. Overlapping area represents the amount of predictability between Reunert time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Reunert price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Reunert price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 453.8 K |
Reunert lagged returns against current returns
Autocorrelation, which is Reunert 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 Reunert's stock expected returns. We can calculate the autocorrelation of Reunert returns to help us make a trade decision. For example, suppose you find that Reunert 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 |
Reunert 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 Reunert stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reunert stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reunert stock over time.
Current vs Lagged Prices |
| Timeline |
Reunert Lagged Returns
When evaluating Reunert's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reunert stock have on its future price. Reunert 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, Reunert autocorrelation shows the relationship between Reunert stock current value and its past values and can show if there is a momentum factor associated with investing in Reunert.
Regressed Prices |
| Timeline |
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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 Reunert Stock
Reunert financial ratios help investors to determine whether Reunert 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 Reunert with respect to the benefits of owning Reunert security.