Ras Technology (Australia) Market Value
| RTH Stock | 1.06 0.04 3.64% |
| Symbol | Ras |
Ras Technology '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 Ras Technology's 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 Ras Technology.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Ras Technology on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ras Technology Holdings or generate 0.0% return on investment in Ras Technology over 90 days. Ras Technology is related to or competes with Woolworths, Wesfarmers, Coles, Ramsay Health, Ramsay Health, Rio Tinto, and Commonwealth Bank. Ras Technology is entity of Australia. It is traded as Stock on AU exchange. More
Ras Technology 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 Ras Technology's 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 Ras Technology Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 14.72 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 3.85 |
Ras Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ras Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ras Technology's standard deviation. In reality, there are many statistical measures that can use Ras Technology historical prices to predict the future Ras Technology's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | 2.24 |
Ras Technology Holdings Backtested Returns
Ras Technology Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Ras Technology Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ras Technology's Coefficient Of Variation of (558.03), variance of 7.41, and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide. The company holds a Beta of -0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ras Technology are expected to decrease at a much lower rate. During the bear market, Ras Technology is likely to outperform the market. At this point, Ras Technology Holdings has a negative expected return of -0.43%. Please make sure to check Ras Technology's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Ras Technology Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Ras Technology Holdings has very weak predictability. Overlapping area represents the amount of predictability between Ras Technology time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Ras Technology Holdings price movement. The serial correlation of 0.18 indicates that over 18.0% of current Ras Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ras Technology Holdings lagged returns against current returns
Autocorrelation, which is Ras Technology 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 Ras Technology's stock expected returns. We can calculate the autocorrelation of Ras Technology returns to help us make a trade decision. For example, suppose you find that Ras Technology 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 |
Ras Technology 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 Ras Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ras Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ras Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Ras Technology Lagged Returns
When evaluating Ras Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ras Technology stock have on its future price. Ras Technology 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, Ras Technology autocorrelation shows the relationship between Ras Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Ras Technology Holdings.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ras Stock Analysis
When running Ras Technology's price analysis, check to measure Ras Technology'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 Ras Technology is operating at the current time. Most of Ras Technology's value examination focuses on studying past and present price action to predict the probability of Ras Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ras Technology's price. Additionally, you may evaluate how the addition of Ras Technology to your portfolios can decrease your overall portfolio volatility.