Red Light Holland Stock Market Value
| TRUFF Stock | USD 0.03 0.0002 0.62% |
| Symbol | Red |
Red Light '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 Red Light's otc 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 Red Light.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Red Light on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Red Light Holland or generate 0.0% return on investment in Red Light over 60 days. Red Light is related to or competes with Grey Cloak, and Charlottes Web. Red Light Holland Corp. engages in the production, cultivation, and sale of magic truffles to the recreational market in... More
Red Light 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 Red Light's otc 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 Red Light Holland upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.8 | |||
| Information Ratio | 0.0292 | |||
| Maximum Drawdown | 42.14 | |||
| Value At Risk | (10.34) | |||
| Potential Upside | 13.79 |
Red Light Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Red Light's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Red Light's standard deviation. In reality, there are many statistical measures that can use Red Light historical prices to predict the future Red Light's volatility.| Risk Adjusted Performance | 0.0453 | |||
| Jensen Alpha | 0.2979 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.0266 | |||
| Treynor Ratio | 1.31 |
Red Light Holland Backtested Returns
Red Light appears to be out of control, given 3 months investment horizon. Red Light Holland maintains Sharpe Ratio (i.e., Efficiency) of 0.041, which implies the firm had a 0.041% return per unit of risk over the last 3 months. We have found thirty technical indicators for Red Light Holland, which you can use to evaluate the volatility of the company. Please evaluate Red Light's Risk Adjusted Performance of 0.0453, semi deviation of 5.86, and Coefficient Of Variation of 2102.06 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Red Light holds a performance score of 3. The company holds a Beta of 0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, Red Light's returns are expected to increase less than the market. However, during the bear market, the loss of holding Red Light is expected to be smaller as well. Please check Red Light's semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Red Light's historical price patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Red Light Holland has modest reverse predictability. Overlapping area represents the amount of predictability between Red Light time series from 28th of September 2024 to 28th of October 2024 and 28th 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 Red Light Holland price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Red Light price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Red Light Holland lagged returns against current returns
Autocorrelation, which is Red Light otc 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 Red Light's otc stock expected returns. We can calculate the autocorrelation of Red Light returns to help us make a trade decision. For example, suppose you find that Red Light has exhibited high autocorrelation historically, and you observe that the otc 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 |
Red Light 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 Red Light otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Red Light otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Red Light otc stock over time.
Current vs Lagged Prices |
| Timeline |
Red Light Lagged Returns
When evaluating Red Light's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Red Light otc stock have on its future price. Red Light 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, Red Light autocorrelation shows the relationship between Red Light otc stock current value and its past values and can show if there is a momentum factor associated with investing in Red Light Holland.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Red OTC Stock
Red Light financial ratios help investors to determine whether Red OTC Stock 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 Red with respect to the benefits of owning Red Light security.