Renesas Electronics Corp Stock Market Value
| RNECY Stock | USD 6.50 0.02 0.31% |
| 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.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Renesas Electronics on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Renesas Electronics Corp or generate 0.0% return on investment in Renesas Electronics over 30 days. Renesas Electronics is related to or competes with Rohm Co, Infineon Technologies, STMicroelectronics, MACOM Technology, STMicroelectronics, NXP Semiconductors, and Microchip Technology. 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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 11.23 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 3.43 |
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 | (0.09) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | 0.6761 |
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 Corp Backtested Returns
Renesas Electronics Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14% return per unit of risk over the last 3 months. Renesas Electronics Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renesas Electronics' Coefficient Of Variation of (812.96), variance of 7.33, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The company holds a Beta of -0.51, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Renesas Electronics are expected to decrease at a much lower rate. During the bear market, Renesas Electronics is likely to outperform the market. At this point, Renesas Electronics Corp has a negative expected return of -0.38%. Please make sure to check Renesas Electronics' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Renesas Electronics Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Renesas Electronics Corp has modest predictability. Overlapping area represents the amount of predictability between Renesas Electronics time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Corp price movement. The serial correlation of 0.54 indicates that about 54.0% of current Renesas Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Renesas Electronics Corp 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 Corp.
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.Additional Tools for Renesas Pink Sheet Analysis
When running Renesas Electronics' price analysis, check to measure Renesas Electronics' 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 Renesas Electronics is operating at the current time. Most of Renesas Electronics' value examination focuses on studying past and present price action to predict the probability of Renesas Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renesas Electronics' price. Additionally, you may evaluate how the addition of Renesas Electronics to your portfolios can decrease your overall portfolio volatility.