Renesas Electronics Stock Market Value
| RNECF Stock | USD 12.95 0.06 0.47% |
| Symbol | Renesas |
Renesas Electronics '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 Renesas Electronics' pink sheet 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 Renesas Electronics.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Renesas Electronics on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Renesas Electronics or generate 0.0% return on investment in Renesas Electronics over 30 days. Renesas Electronics is related to or competes with Power Integrations, Rohm Co, MACOM Technology, Renesas Electronics, Intchains Group, Guerrilla, and Vishay Intertechnology. Renesas Electronics Corporation researches, develops, designs, manufactures, sells, and services semiconductors in Japan... More
Renesas Electronics 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 Renesas Electronics' pink sheet 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 Renesas Electronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 33.81 | |||
| Value At Risk | (12.68) | |||
| Potential Upside | 12.71 |
Renesas Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renesas Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renesas Electronics' standard deviation. In reality, there are many statistical measures that can use Renesas Electronics historical prices to predict the future Renesas Electronics' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (1.03) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Renesas Electronics' 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.
Renesas Electronics Backtested Returns
Renesas Electronics maintains Sharpe Ratio (i.e., Efficiency) of -0.031, which implies the firm had a -0.031% return per unit of risk over the last 3 months. Renesas Electronics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renesas Electronics' Variance of 42.54, coefficient of variation of (3,887), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of 1.01, which implies a somewhat significant risk relative to the market. Renesas Electronics returns are very sensitive to returns on the market. As the market goes up or down, Renesas Electronics is expected to follow. At this point, Renesas Electronics has a negative expected return of -0.21%. Please make sure to check Renesas Electronics' daily balance of power, and the relationship between the potential upside and day typical price , to decide if Renesas Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Renesas Electronics has poor reverse predictability. Overlapping area represents the amount of predictability between Renesas Electronics time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Renesas Electronics price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Renesas Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Renesas Electronics lagged returns against current returns
Autocorrelation, which is Renesas Electronics pink sheet'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 Renesas Electronics' pink sheet expected returns. We can calculate the autocorrelation of Renesas Electronics returns to help us make a trade decision. For example, suppose you find that Renesas Electronics has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Renesas Electronics 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 Renesas Electronics pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renesas Electronics pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renesas Electronics pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Renesas Electronics Lagged Returns
When evaluating Renesas Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renesas Electronics pink sheet have on its future price. Renesas Electronics 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, Renesas Electronics autocorrelation shows the relationship between Renesas Electronics pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Renesas Electronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Renesas Pink Sheet
Renesas Electronics financial ratios help investors to determine whether Renesas Pink Sheet 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 Renesas with respect to the benefits of owning Renesas Electronics security.