Render Cube (Poland) Market Value
| RND Stock | 110.00 2.50 2.33% |
| Symbol | Render |
Render Cube '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 Render Cube'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 Render Cube.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Render Cube on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Render Cube SA or generate 0.0% return on investment in Render Cube over 30 days.
Render Cube 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 Render Cube'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 Render Cube SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 20.54 | |||
| Value At Risk | (7.39) | |||
| Potential Upside | 5.77 |
Render Cube Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Render Cube's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Render Cube's standard deviation. In reality, there are many statistical measures that can use Render Cube historical prices to predict the future Render Cube's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Render Cube's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Render Cube SA Backtested Returns
Render Cube SA maintains Sharpe Ratio (i.e., Efficiency) of -0.0246, which implies the firm had a -0.0246% return per unit of risk over the last 3 months. Render Cube SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Render Cube's Coefficient Of Variation of (3,208), risk adjusted performance of (0.02), and Variance of 14.75 to confirm the risk estimate we provide. The company holds a Beta of 0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Render Cube's returns are expected to increase less than the market. However, during the bear market, the loss of holding Render Cube is expected to be smaller as well. At this point, Render Cube SA has a negative expected return of -0.0977%. Please make sure to check Render Cube's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Render Cube SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.49 |
Modest reverse predictability
Render Cube SA has modest reverse predictability. Overlapping area represents the amount of predictability between Render Cube time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 Render Cube SA price movement. The serial correlation of -0.49 indicates that about 49.0% of current Render Cube price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 4.44 |
Render Cube SA lagged returns against current returns
Autocorrelation, which is Render Cube 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 Render Cube's stock expected returns. We can calculate the autocorrelation of Render Cube returns to help us make a trade decision. For example, suppose you find that Render Cube 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 |
Render Cube 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 Render Cube stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Render Cube stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Render Cube stock over time.
Current vs Lagged Prices |
| Timeline |
Render Cube Lagged Returns
When evaluating Render Cube's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Render Cube stock have on its future price. Render Cube 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, Render Cube autocorrelation shows the relationship between Render Cube stock current value and its past values and can show if there is a momentum factor associated with investing in Render Cube SA.
Regressed Prices |
| Timeline |
Pair Trading with Render Cube
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Render Cube position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Render Cube will appreciate offsetting losses from the drop in the long position's value.Moving together with Render Stock
Moving against Render Stock
| 0.64 | DNP | Dino Polska SA | PairCorr |
| 0.48 | UCG | UniCredit SpA | PairCorr |
| 0.4 | SAN | Banco Santander SA | PairCorr |
| 0.39 | CEZ | CEZ as | PairCorr |
The ability to find closely correlated positions to Render Cube could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Render Cube when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Render Cube - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Render Cube SA to buy it.
The correlation of Render Cube is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Render Cube moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Render Cube SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Render Cube can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Render Stock Analysis
When running Render Cube's price analysis, check to measure Render Cube's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Render Cube is operating at the current time. Most of Render Cube's value examination focuses on studying past and present price action to predict the probability of Render Cube's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Render Cube's price. Additionally, you may evaluate how the addition of Render Cube to your portfolios can decrease your overall portfolio volatility.