REYNOLDS AMERN INC Market Value
| 761713BA3 | 86.25 14.81 14.65% |
| Symbol | REYNOLDS |
REYNOLDS '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 REYNOLDS's bond 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 REYNOLDS.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in REYNOLDS on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding REYNOLDS AMERN INC or generate 0.0% return on investment in REYNOLDS over 360 days. REYNOLDS is related to or competes with Nextplat Corp, Tyson Foods, Zhihu, Hf Foods, and Cadence Design. More
REYNOLDS 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 REYNOLDS's bond 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 REYNOLDS AMERN INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 20.88 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.74 |
REYNOLDS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for REYNOLDS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as REYNOLDS's standard deviation. In reality, there are many statistical measures that can use REYNOLDS historical prices to predict the future REYNOLDS's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.4764 |
REYNOLDS AMERN INC Backtested Returns
REYNOLDS AMERN INC maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the entity had a -0.13% return per unit of risk over the last 3 months. REYNOLDS AMERN INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check REYNOLDS's Coefficient Of Variation of (1,091), risk adjusted performance of (0.06), and Variance of 7.42 to confirm the risk estimate we provide. The bond holds a Beta of -0.55, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning REYNOLDS are expected to decrease at a much lower rate. During the bear market, REYNOLDS is likely to outperform the market.
Auto-correlation | -0.16 |
Insignificant reverse predictability
REYNOLDS AMERN INC has insignificant reverse predictability. Overlapping area represents the amount of predictability between REYNOLDS time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 REYNOLDS AMERN INC price movement. The serial correlation of -0.16 indicates that over 16.0% of current REYNOLDS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 6.74 |
REYNOLDS AMERN INC lagged returns against current returns
Autocorrelation, which is REYNOLDS bond'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 REYNOLDS's bond expected returns. We can calculate the autocorrelation of REYNOLDS returns to help us make a trade decision. For example, suppose you find that REYNOLDS has exhibited high autocorrelation historically, and you observe that the bond 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 |
REYNOLDS 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 REYNOLDS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if REYNOLDS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in REYNOLDS bond over time.
Current vs Lagged Prices |
| Timeline |
REYNOLDS Lagged Returns
When evaluating REYNOLDS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of REYNOLDS bond have on its future price. REYNOLDS 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, REYNOLDS autocorrelation shows the relationship between REYNOLDS bond current value and its past values and can show if there is a momentum factor associated with investing in REYNOLDS AMERN INC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in REYNOLDS Bond
REYNOLDS financial ratios help investors to determine whether REYNOLDS Bond 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 REYNOLDS with respect to the benefits of owning REYNOLDS security.