Renoworks Software Stock Market Value
| ROWKF Stock | USD 0.16 0.00 0.00% |
| Symbol | RenoWorks |
RenoWorks Software '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 RenoWorks Software'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 RenoWorks Software.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in RenoWorks Software on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding RenoWorks Software or generate 0.0% return on investment in RenoWorks Software over 30 days. RenoWorks Software is related to or competes with Waldencast Acquisition, Alkami Technology, ADEIA P, Paycor HCM, Bentley Systems, Appfolio, and Workiva. RenoWorks Software Inc. develops and distributes digital visualization software for the renovation and new home construc... More
RenoWorks Software 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 RenoWorks Software'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 RenoWorks Software upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1034 | |||
| Maximum Drawdown | 852.38 |
RenoWorks Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RenoWorks Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RenoWorks Software's standard deviation. In reality, there are many statistical measures that can use RenoWorks Software historical prices to predict the future RenoWorks Software's volatility.| Risk Adjusted Performance | 0.0901 | |||
| Jensen Alpha | 8.53 | |||
| Total Risk Alpha | (4.87) | |||
| Treynor Ratio | 0.5057 |
RenoWorks Software Backtested Returns
RenoWorks Software is out of control given 3 months investment horizon. RenoWorks Software maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We were able to collect data for sixteen different technical indicators, which can help you to evaluate if expected returns of 11.59% are justified by taking the suggested risk. Use RenoWorks Software Coefficient Of Variation of 956.3, risk adjusted performance of 0.0901, and Variance of 11186.4 to evaluate company specific risk that cannot be diversified away. RenoWorks Software holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of 21.85, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, RenoWorks Software will likely underperform. Use RenoWorks Software treynor ratio and rate of daily change , to analyze future returns on RenoWorks Software.
Auto-correlation | 1.00 |
Perfect predictability
RenoWorks Software has perfect predictability. Overlapping area represents the amount of predictability between RenoWorks Software time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 RenoWorks Software price movement. The serial correlation of 1.0 indicates that 100.0% of current RenoWorks Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
RenoWorks Software lagged returns against current returns
Autocorrelation, which is RenoWorks Software 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 RenoWorks Software's pink sheet expected returns. We can calculate the autocorrelation of RenoWorks Software returns to help us make a trade decision. For example, suppose you find that RenoWorks Software 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 |
RenoWorks Software 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 RenoWorks Software pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RenoWorks Software pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RenoWorks Software pink sheet over time.
Current vs Lagged Prices |
| Timeline |
RenoWorks Software Lagged Returns
When evaluating RenoWorks Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RenoWorks Software pink sheet have on its future price. RenoWorks Software 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, RenoWorks Software autocorrelation shows the relationship between RenoWorks Software pink sheet current value and its past values and can show if there is a momentum factor associated with investing in RenoWorks Software.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in RenoWorks Pink Sheet
RenoWorks Software financial ratios help investors to determine whether RenoWorks 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 RenoWorks with respect to the benefits of owning RenoWorks Software security.