Range Resources (Germany) Market Value
| RRC Stock | EUR 71.00 1.00 1.39% |
| Symbol | Range |
Range 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 Range 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 Range Resources.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Range Resources on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Range Resources Corp or generate 0.0% return on investment in Range Resources over 180 days. Range Resources is related to or competes with Soken Chemical, INTERSHOP Communications, Mitsubishi Gas, WESTLAKE CHEMICAL, Iridium Communications, Silicon Motion, and Consolidated Communications. Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and de... More
Range 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 Range 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 Range Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | 0.0627 | |||
| Maximum Drawdown | 4.61 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.55 |
Range Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Range Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Range Resources' standard deviation. In reality, there are many statistical measures that can use Range Resources historical prices to predict the future Range Resources' volatility.| Risk Adjusted Performance | 0.1486 | |||
| Jensen Alpha | 0.1673 | |||
| Total Risk Alpha | 0.0296 | |||
| Sortino Ratio | 0.0456 | |||
| Treynor Ratio | 2.18 |
Range Resources Corp Backtested Returns
At this point, Range Resources is very steady. Range Resources Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Range Resources Corp, which you can use to evaluate the volatility of the company. Please check Range Resources' Semi Deviation of 0.7767, coefficient of variation of 523.17, and Risk Adjusted Performance of 0.1486 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Range Resources has a performance score of 11 on a scale of 0 to 100. The company holds a Beta of 0.0812, which implies not very significant fluctuations relative to the market. As returns on the market increase, Range Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Range Resources is expected to be smaller as well. Range Resources Corp right now holds a risk of 0.99%. Please check Range Resources Corp potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if Range Resources Corp will be following its historical price patterns.
Auto-correlation | 0.76 |
Good predictability
Range Resources Corp has good predictability. Overlapping area represents the amount of predictability between Range Resources time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 Range Resources Corp price movement. The serial correlation of 0.76 indicates that around 76.0% of current Range Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 5.55 |
Range Resources Corp lagged returns against current returns
Autocorrelation, which is Range 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 Range Resources' stock expected returns. We can calculate the autocorrelation of Range Resources returns to help us make a trade decision. For example, suppose you find that Range 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 |
Range 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 Range Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Range Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Range Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Range Resources Lagged Returns
When evaluating Range Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Range Resources stock have on its future price. Range 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, Range Resources autocorrelation shows the relationship between Range Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Range Resources Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Range Stock
When determining whether Range Resources Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Range Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Range Resources Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Range Resources Corp Stock:Check out Range Resources Correlation, Range Resources Volatility and Range Resources Alpha and Beta module to complement your research on Range Resources. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Range Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.