Renault SA (France) Market Value
| RNO Stock | EUR 39.93 0.38 0.94% |
| Symbol | Renault |
Renault SA '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 SA'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 SA.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Renault SA on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Renault SA or generate 0.0% return on investment in Renault SA over 30 days. Renault SA is related to or competes with Carrefour, BNP Paribas, Societe Generale, Credit Agricole, and AXA SA. Renault SA designs, manufactures, sells, and distributes vehicles in France and internationally More
Renault SA 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 SA'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 SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.18 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 2.95 |
Renault SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renault SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renault SA's standard deviation. In reality, there are many statistical measures that can use Renault SA historical prices to predict the future Renault SA's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.24) |
Renault SA Backtested Returns
Renault SA maintains Sharpe Ratio (i.e., Efficiency) of -0.0514, which implies the firm had a -0.0514% return per unit of risk over the last 3 months. Renault SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renault SA's Coefficient Of Variation of (2,038), risk adjusted performance of (0.03), and Variance of 3.21 to confirm the risk estimate we provide. The company holds a Beta of 0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Renault SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Renault SA is expected to be smaller as well. At this point, Renault SA has a negative expected return of -0.0935%. Please make sure to check Renault SA's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Renault SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Renault SA has virtually no predictability. Overlapping area represents the amount of predictability between Renault SA time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Renault SA price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Renault SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Renault SA lagged returns against current returns
Autocorrelation, which is Renault SA 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 SA's stock expected returns. We can calculate the autocorrelation of Renault SA returns to help us make a trade decision. For example, suppose you find that Renault SA 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 SA 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 SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renault SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renault SA stock over time.
Current vs Lagged Prices |
| Timeline |
Renault SA Lagged Returns
When evaluating Renault SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renault SA stock have on its future price. Renault SA 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 SA autocorrelation shows the relationship between Renault SA stock current value and its past values and can show if there is a momentum factor associated with investing in Renault SA.
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 SA 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 SA security.