Renishaw Plc Stock Market Value
| RNSHF Stock | USD 42.30 0.00 0.00% |
| Symbol | Renishaw |
Renishaw Plc '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 Renishaw Plc'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 Renishaw Plc.
| 12/31/2024 |
| 01/30/2025 |
If you would invest 0.00 in Renishaw Plc on December 31, 2024 and sell it all today you would earn a total of 0.00 from holding Renishaw plc or generate 0.0% return on investment in Renishaw Plc over 30 days. Renishaw Plc is related to or competes with ESCO Technologies, Badger Meter, Novanta, Sensata Technologies, Fortive Corp, Vishay Precision, and Itron. Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services ... More
Renishaw Plc 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 Renishaw Plc'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 Renishaw plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.74 |
Renishaw Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renishaw Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renishaw Plc's standard deviation. In reality, there are many statistical measures that can use Renishaw Plc historical prices to predict the future Renishaw Plc's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (1.42) |
Renishaw plc Backtested Returns
At this point, Renishaw Plc is very steady. Renishaw plc maintains Sharpe Ratio (i.e., Efficiency) of 0.0299, which implies the firm had a 0.0299 % return per unit of risk over the last 3 months. We have found sixteen technical indicators for Renishaw plc, which you can use to evaluate the volatility of the company. Please check Renishaw Plc's Risk Adjusted Performance of (0.04), coefficient of variation of (1,954), and Variance of 6.0 to confirm if the risk estimate we provide is consistent with the expected return of 0.0597%. Renishaw Plc has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.0952, which implies not very significant fluctuations relative to the market. As returns on the market increase, Renishaw Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Renishaw Plc is expected to be smaller as well. Renishaw plc right now holds a risk of 1.99%. Please check Renishaw plc treynor ratio and rate of daily change , to decide if Renishaw plc will be following its historical price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Renishaw plc has no correlation between past and present. Overlapping area represents the amount of predictability between Renishaw Plc time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Renishaw plc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Renishaw Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Renishaw plc lagged returns against current returns
Autocorrelation, which is Renishaw Plc 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 Renishaw Plc's pink sheet expected returns. We can calculate the autocorrelation of Renishaw Plc returns to help us make a trade decision. For example, suppose you find that Renishaw Plc 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 |
Renishaw Plc 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 Renishaw Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renishaw Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renishaw Plc pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Renishaw Plc Lagged Returns
When evaluating Renishaw Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renishaw Plc pink sheet have on its future price. Renishaw Plc 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, Renishaw Plc autocorrelation shows the relationship between Renishaw Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Renishaw plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Renishaw Pink Sheet
Renishaw Plc financial ratios help investors to determine whether Renishaw 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 Renishaw with respect to the benefits of owning Renishaw Plc security.