808 Renewable Energy Stock Market Value
| RNWR Stock | USD 0.0001 0.00 0.00% |
| Symbol | 808 |
808 Renewable '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 808 Renewable'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 808 Renewable.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in 808 Renewable on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding 808 Renewable Energy or generate 0.0% return on investment in 808 Renewable over 180 days. 808 Renewable is related to or competes with Austal, Sky Harbour, VirTra, Firan Technology, CPI Aerostructures, Astronics Corp, and Park Electrochemical. 808 Renewable Energy Corporation, through its subsidiaries, engages in the design, development, manufacture, distributio... More
808 Renewable 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 808 Renewable'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 808 Renewable Energy upside and downside potential and time the market with a certain degree of confidence.
808 Renewable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 808 Renewable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 808 Renewable's standard deviation. In reality, there are many statistical measures that can use 808 Renewable historical prices to predict the future 808 Renewable's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 808 Renewable's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
808 Renewable Energy Backtested Returns
We have found three technical indicators for 808 Renewable, which you can use to evaluate the volatility of the entity. The firm owns a Beta (Systematic Risk) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and 808 Renewable are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
808 Renewable Energy has no correlation between past and present. Overlapping area represents the amount of predictability between 808 Renewable time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 808 Renewable Energy price movement. The serial correlation of 0.0 indicates that just 0.0% of current 808 Renewable 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 |
808 Renewable Energy lagged returns against current returns
Autocorrelation, which is 808 Renewable 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 808 Renewable's pink sheet expected returns. We can calculate the autocorrelation of 808 Renewable returns to help us make a trade decision. For example, suppose you find that 808 Renewable 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 |
808 Renewable 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 808 Renewable pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 808 Renewable pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 808 Renewable pink sheet over time.
Current vs Lagged Prices |
| Timeline |
808 Renewable Lagged Returns
When evaluating 808 Renewable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 808 Renewable pink sheet have on its future price. 808 Renewable 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, 808 Renewable autocorrelation shows the relationship between 808 Renewable pink sheet current value and its past values and can show if there is a momentum factor associated with investing in 808 Renewable Energy.
Regressed Prices |
| Timeline |
Pair Trading with 808 Renewable
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 808 Renewable position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 808 Renewable will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to 808 Renewable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 808 Renewable when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 808 Renewable - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 808 Renewable Energy to buy it.
The correlation of 808 Renewable is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 808 Renewable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 808 Renewable Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 808 Renewable can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for 808 Pink Sheet Analysis
When running 808 Renewable's price analysis, check to measure 808 Renewable's 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 808 Renewable is operating at the current time. Most of 808 Renewable's value examination focuses on studying past and present price action to predict the probability of 808 Renewable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 808 Renewable's price. Additionally, you may evaluate how the addition of 808 Renewable to your portfolios can decrease your overall portfolio volatility.