Renault Socit (France) Market Value
| RNL Stock | EUR 323.86 2.12 0.65% |
| Symbol | Renault |
Renault Socit '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 Renault Socit'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 Renault Socit.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Renault Socit on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Renault Socit Anonyme or generate 0.0% return on investment in Renault Socit over 90 days. Renault Socit is related to or competes with Lexibook Linguistic, Manitou BF, Ossiam Minimum, Ekinops SA, Orapi SA, and Memscap Regpt. Renault SA designs, manufactures, sells, and distributes vehicles More
Renault Socit 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 Renault Socit'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 Renault Socit Anonyme upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 4.8 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 1.39 |
Renault Socit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renault Socit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renault Socit's standard deviation. In reality, there are many statistical measures that can use Renault Socit historical prices to predict the future Renault Socit's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.9682 |
Renault Socit Anonyme Backtested Returns
Renault Socit Anonyme maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Renault Socit Anonyme exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renault Socit's Variance of 1.1, risk adjusted performance of (0.09), and Coefficient Of Variation of (840.55) to confirm the risk estimate we provide. The company holds a Beta of -0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Renault Socit are expected to decrease at a much lower rate. During the bear market, Renault Socit is likely to outperform the market. At this point, Renault Socit Anonyme has a negative expected return of -0.11%. Please make sure to check Renault Socit's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Renault Socit Anonyme performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Renault Socit Anonyme has weak predictability. Overlapping area represents the amount of predictability between Renault Socit time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Renault Socit Anonyme price movement. The serial correlation of 0.21 indicates that over 21.0% of current Renault Socit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 28.38 |
Renault Socit Anonyme lagged returns against current returns
Autocorrelation, which is Renault Socit 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 Renault Socit's stock expected returns. We can calculate the autocorrelation of Renault Socit returns to help us make a trade decision. For example, suppose you find that Renault Socit 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 |
Renault Socit 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 Renault Socit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renault Socit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renault Socit stock over time.
Current vs Lagged Prices |
| Timeline |
Renault Socit Lagged Returns
When evaluating Renault Socit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renault Socit stock have on its future price. Renault Socit 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, Renault Socit autocorrelation shows the relationship between Renault Socit stock current value and its past values and can show if there is a momentum factor associated with investing in Renault Socit Anonyme.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Renault Stock
Renault Socit financial ratios help investors to determine whether Renault 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 Renault with respect to the benefits of owning Renault Socit security.