Rand Worldwide Stock Market Value
| RWWI Stock | USD 20.00 0.50 2.44% |
| Symbol | Rand |
Rand Worldwide '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 Rand Worldwide'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 Rand Worldwide.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Rand Worldwide on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Rand Worldwide or generate 0.0% return on investment in Rand Worldwide over 30 days. Rand Worldwide is related to or competes with BCE, Advanced Info, HUMANA, SCOR PK, Ab Pennsylvania, Small Cap, and Thrivent High. Rand Worldwide, Inc. provides design automation and data management solutions primarily in the United States and Canada More
Rand Worldwide 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 Rand Worldwide'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 Rand Worldwide upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.95 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.98 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.5 |
Rand Worldwide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rand Worldwide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rand Worldwide's standard deviation. In reality, there are many statistical measures that can use Rand Worldwide historical prices to predict the future Rand Worldwide's volatility.| Risk Adjusted Performance | 0.0291 | |||
| Jensen Alpha | 0.0114 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1728 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rand Worldwide'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.
Rand Worldwide Backtested Returns
Rand Worldwide is very steady at the moment. Rand Worldwide maintains Sharpe Ratio (i.e., Efficiency) of 0.02, which implies the firm had a 0.02% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Rand Worldwide, which you can use to evaluate the volatility of the company. Please check Rand Worldwide's Semi Deviation of 1.52, coefficient of variation of 3252.69, and Risk Adjusted Performance of 0.0291 to confirm if the risk estimate we provide is consistent with the expected return of 0.0351%. Rand Worldwide has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rand Worldwide's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rand Worldwide is expected to be smaller as well. Rand Worldwide right now holds a risk of 1.76%. Please check Rand Worldwide value at risk, as well as the relationship between the skewness and day typical price , to decide if Rand Worldwide will be following its historical price patterns.
Auto-correlation | -0.38 |
Poor reverse predictability
Rand Worldwide has poor reverse predictability. Overlapping area represents the amount of predictability between Rand Worldwide time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Rand Worldwide price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Rand Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Rand Worldwide lagged returns against current returns
Autocorrelation, which is Rand Worldwide 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 Rand Worldwide's pink sheet expected returns. We can calculate the autocorrelation of Rand Worldwide returns to help us make a trade decision. For example, suppose you find that Rand Worldwide 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 |
Rand Worldwide 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 Rand Worldwide pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rand Worldwide pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rand Worldwide pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Rand Worldwide Lagged Returns
When evaluating Rand Worldwide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rand Worldwide pink sheet have on its future price. Rand Worldwide 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, Rand Worldwide autocorrelation shows the relationship between Rand Worldwide pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Rand Worldwide.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Rand Pink Sheet
Rand Worldwide financial ratios help investors to determine whether Rand 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 Rand with respect to the benefits of owning Rand Worldwide security.