Rheinmetall Ag Stock Market Value
| RNMBF Stock | USD 663.08 13.13 2.02% |
| Symbol | Rheinmetall |
Rheinmetall '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 Rheinmetall's 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 Rheinmetall.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Rheinmetall on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Rheinmetall AG or generate 0.0% return on investment in Rheinmetall over 30 days. Rheinmetall is related to or competes with Firan Technology, Park Electrochemical, Innovative Solutions, Ducommun Incorporated, National Presto, Woodward, and Astronics. Rheinmetall AG provides technologies to the mobility and security sectors worldwide More
Rheinmetall 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 Rheinmetall's 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 Rheinmetall AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0281 | |||
| Maximum Drawdown | 13.11 | |||
| Value At Risk | (4.63) | |||
| Potential Upside | 5.96 |
Rheinmetall Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rheinmetall's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rheinmetall's standard deviation. In reality, there are many statistical measures that can use Rheinmetall historical prices to predict the future Rheinmetall's volatility.| Risk Adjusted Performance | 0.0653 | |||
| Jensen Alpha | 0.0978 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0316 | |||
| Treynor Ratio | 0.2402 |
Rheinmetall AG Backtested Returns
Rheinmetall appears to be very steady, given 3 months investment horizon. Rheinmetall AG maintains Sharpe Ratio (i.e., Efficiency) of 0.0777, which implies the firm had a 0.0777% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Rheinmetall AG, which you can use to evaluate the volatility of the company. Please evaluate Rheinmetall's Semi Deviation of 2.19, risk adjusted performance of 0.0653, and Coefficient Of Variation of 1318.43 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rheinmetall holds a performance score of 6. The company holds a Beta of 0.87, which implies possible diversification benefits within a given portfolio. Rheinmetall returns are very sensitive to returns on the market. As the market goes up or down, Rheinmetall is expected to follow. Please check Rheinmetall's information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Rheinmetall's historical price patterns will revert.
Auto-correlation | 0.88 |
Very good predictability
Rheinmetall AG has very good predictability. Overlapping area represents the amount of predictability between Rheinmetall time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Rheinmetall AG price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Rheinmetall price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 355.29 |
Rheinmetall AG lagged returns against current returns
Autocorrelation, which is Rheinmetall 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 Rheinmetall's pink sheet expected returns. We can calculate the autocorrelation of Rheinmetall returns to help us make a trade decision. For example, suppose you find that Rheinmetall 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 |
Rheinmetall 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 Rheinmetall pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rheinmetall pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rheinmetall pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Rheinmetall Lagged Returns
When evaluating Rheinmetall's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rheinmetall pink sheet have on its future price. Rheinmetall 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, Rheinmetall autocorrelation shows the relationship between Rheinmetall pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Rheinmetall AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Rheinmetall Pink Sheet
Rheinmetall financial ratios help investors to determine whether Rheinmetall 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 Rheinmetall with respect to the benefits of owning Rheinmetall security.