Rank Progress (Poland) Market Value
| RNK Stock | 6.78 0.08 1.17% |
| Symbol | Rank |
Rank Progress '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 Rank Progress' 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 Rank Progress.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Rank Progress on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Rank Progress SA or generate 0.0% return on investment in Rank Progress over 30 days.
Rank Progress 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 Rank Progress' 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 Rank Progress SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 19.11 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 5.1 |
Rank Progress Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rank Progress' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rank Progress' standard deviation. In reality, there are many statistical measures that can use Rank Progress historical prices to predict the future Rank Progress' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rank Progress' 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.
Rank Progress SA Backtested Returns
Currently, Rank Progress SA is slightly risky. Rank Progress SA maintains Sharpe Ratio (i.e., Efficiency) of 0.0222, which implies the firm had a 0.0222% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Rank Progress SA, which you can use to evaluate the volatility of the company. Please check Rank Progress' Risk Adjusted Performance of (0.01), variance of 12.62, and Coefficient Of Variation of (5,055) to confirm if the risk estimate we provide is consistent with the expected return of 0.0778%. Rank Progress has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rank Progress' returns are expected to increase less than the market. However, during the bear market, the loss of holding Rank Progress is expected to be smaller as well. Rank Progress SA right now holds a risk of 3.51%. Please check Rank Progress SA jensen alpha, skewness, as well as the relationship between the Skewness and rate of daily change , to decide if Rank Progress SA will be following its historical price patterns.
Auto-correlation | 0.02 |
Virtually no predictability
Rank Progress SA has virtually no predictability. Overlapping area represents the amount of predictability between Rank Progress time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Rank Progress SA price movement. The serial correlation of 0.02 indicates that only 2.0% of current Rank Progress price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Rank Progress SA lagged returns against current returns
Autocorrelation, which is Rank Progress 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 Rank Progress' stock expected returns. We can calculate the autocorrelation of Rank Progress returns to help us make a trade decision. For example, suppose you find that Rank Progress 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 |
Rank Progress 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 Rank Progress stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rank Progress stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rank Progress stock over time.
Current vs Lagged Prices |
| Timeline |
Rank Progress Lagged Returns
When evaluating Rank Progress' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rank Progress stock have on its future price. Rank Progress 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, Rank Progress autocorrelation shows the relationship between Rank Progress stock current value and its past values and can show if there is a momentum factor associated with investing in Rank Progress SA.
Regressed Prices |
| Timeline |
Pair Trading with Rank Progress
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 Rank Progress 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 Rank Progress will appreciate offsetting losses from the drop in the long position's value.Moving against Rank Stock
The ability to find closely correlated positions to Rank Progress could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rank Progress 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 Rank Progress - 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 Rank Progress SA to buy it.
The correlation of Rank Progress 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 Rank Progress moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rank Progress 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 Rank Progress 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 Rank Stock Analysis
When running Rank Progress' price analysis, check to measure Rank Progress' 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 Rank Progress is operating at the current time. Most of Rank Progress' value examination focuses on studying past and present price action to predict the probability of Rank Progress' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rank Progress' price. Additionally, you may evaluate how the addition of Rank Progress to your portfolios can decrease your overall portfolio volatility.