Rightmove PLC (UK) Market Value
| RMV Stock | 637.80 10.20 1.63% |
| Symbol | Rightmove |
Rightmove PLC '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 Rightmove PLC'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 Rightmove PLC.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Rightmove PLC on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Rightmove PLC or generate 0.0% return on investment in Rightmove PLC over 720 days. Rightmove PLC is related to or competes with Aurora Investment, New Residential, Kaufman Et, Norman Broadbent, Herald Investment, Hansa Investment, and Aberdeen Diversified. Rightmove PLC is entity of United Kingdom More
Rightmove PLC 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 Rightmove PLC'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 Rightmove PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.36 | |||
| Information Ratio | 0.0357 | |||
| Maximum Drawdown | 35.09 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.46 |
Rightmove PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rightmove PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rightmove PLC's standard deviation. In reality, there are many statistical measures that can use Rightmove PLC historical prices to predict the future Rightmove PLC's volatility.| Risk Adjusted Performance | 0.0614 | |||
| Jensen Alpha | 0.1366 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0578 | |||
| Treynor Ratio | 0.2572 |
Rightmove PLC Backtested Returns
Rightmove PLC appears to be very steady, given 3 months investment horizon. Rightmove PLC maintains Sharpe Ratio (i.e., Efficiency) of 0.0748, which implies the firm had a 0.0748% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Rightmove PLC, which you can use to evaluate the volatility of the company. Please evaluate Rightmove PLC's Risk Adjusted Performance of 0.0614, coefficient of variation of 1432.06, and Semi Deviation of 2.01 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rightmove PLC holds a performance score of 5. The company holds a Beta of 1.0, which implies possible diversification benefits within a given portfolio. Rightmove PLC returns are very sensitive to returns on the market. As the market goes up or down, Rightmove PLC is expected to follow. Please check Rightmove PLC's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Rightmove PLC's historical price patterns will revert.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Rightmove PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between Rightmove PLC time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Rightmove PLC price movement. The serial correlation of -0.2 indicates that over 20.0% of current Rightmove PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1868.0 |
Rightmove PLC lagged returns against current returns
Autocorrelation, which is Rightmove PLC 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 Rightmove PLC's stock expected returns. We can calculate the autocorrelation of Rightmove PLC returns to help us make a trade decision. For example, suppose you find that Rightmove PLC 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 |
Rightmove PLC 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 Rightmove PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rightmove PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rightmove PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Rightmove PLC Lagged Returns
When evaluating Rightmove PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rightmove PLC stock have on its future price. Rightmove PLC 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, Rightmove PLC autocorrelation shows the relationship between Rightmove PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Rightmove PLC.
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 Rightmove Stock
Rightmove PLC financial ratios help investors to determine whether Rightmove 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 Rightmove with respect to the benefits of owning Rightmove PLC security.