Renascor Resources (Australia) Market Value
| RNU Stock | 0.07 0 1.52% |
| Symbol | Renascor |
Renascor Resources '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 Renascor Resources' 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 Renascor Resources.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Renascor Resources on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Renascor Resources or generate 0.0% return on investment in Renascor Resources over 540 days. Renascor Resources is related to or competes with National Australia, Finexia Financial, Macquarie Bank, Pioneer Credit, and Mayfield Childcare. Renascor Resources is entity of Australia More
Renascor Resources 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 Renascor Resources' 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 Renascor Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 10.3 | |||
| Value At Risk | (5.49) | |||
| Potential Upside | 3.16 |
Renascor Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renascor Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renascor Resources' standard deviation. In reality, there are many statistical measures that can use Renascor Resources historical prices to predict the future Renascor Resources' volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | 1.31 |
Renascor Resources Backtested Returns
Renascor Resources maintains Sharpe Ratio (i.e., Efficiency) of -0.26, which implies the firm had a -0.26% return per unit of risk over the last 3 months. Renascor Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renascor Resources' Coefficient Of Variation of (426.14), risk adjusted performance of (0.17), and Variance of 5.42 to confirm the risk estimate we provide. The company holds a Beta of -0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Renascor Resources are expected to decrease at a much lower rate. During the bear market, Renascor Resources is likely to outperform the market. At this point, Renascor Resources has a negative expected return of -0.61%. Please make sure to check Renascor Resources' maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Renascor Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Renascor Resources has below average predictability. Overlapping area represents the amount of predictability between Renascor Resources time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Renascor Resources price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Renascor Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Renascor Resources lagged returns against current returns
Autocorrelation, which is Renascor Resources 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 Renascor Resources' stock expected returns. We can calculate the autocorrelation of Renascor Resources returns to help us make a trade decision. For example, suppose you find that Renascor Resources 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 |
Renascor Resources 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 Renascor Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renascor Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renascor Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Renascor Resources Lagged Returns
When evaluating Renascor Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renascor Resources stock have on its future price. Renascor Resources 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, Renascor Resources autocorrelation shows the relationship between Renascor Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Renascor Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Renascor Stock Analysis
When running Renascor Resources' price analysis, check to measure Renascor Resources' 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 Renascor Resources is operating at the current time. Most of Renascor Resources' value examination focuses on studying past and present price action to predict the probability of Renascor Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renascor Resources' price. Additionally, you may evaluate how the addition of Renascor Resources to your portfolios can decrease your overall portfolio volatility.