REDSUN PROPERTIES's market value is the price at which a share of REDSUN PROPERTIES trades on a public exchange. It measures the collective expectations of REDSUN PROPERTIES GROUP investors about its performance. REDSUN PROPERTIES is trading at 0.002 as of the 10th of January 2025. This is a 33.33% down since the beginning of the trading day. The stock's lowest day price was 0.002. With this module, you can estimate the performance of a buy and hold strategy of REDSUN PROPERTIES GROUP and determine expected loss or profit from investing in REDSUN PROPERTIES over a given investment horizon. Check out REDSUN PROPERTIES Correlation, REDSUN PROPERTIES Volatility and REDSUN PROPERTIES Alpha and Beta module to complement your research on REDSUN PROPERTIES.
Please note, there is a significant difference between REDSUN PROPERTIES's value and its price as these two are different measures arrived at by different means. Investors typically determine if REDSUN PROPERTIES is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, REDSUN PROPERTIES's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
REDSUN PROPERTIES '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 REDSUN PROPERTIES'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 REDSUN PROPERTIES.
0.00
06/20/2023
No Change 0.00
0.0
In 1 year 6 months and 25 days
01/10/2025
0.00
If you would invest 0.00 in REDSUN PROPERTIES on June 20, 2023 and sell it all today you would earn a total of 0.00 from holding REDSUN PROPERTIES GROUP or generate 0.0% return on investment in REDSUN PROPERTIES over 570 days. REDSUN PROPERTIES is related to or competes with Summit Materials, THRACE PLASTICS, IDP EDUCATION, SANOK RUBBER, TAL Education, and Strategic Education. Redsun Properties Group Limited, together with its subsidiaries, engages in the property development business in the Peo... More
REDSUN PROPERTIES 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 REDSUN PROPERTIES'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 REDSUN PROPERTIES GROUP upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for REDSUN PROPERTIES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as REDSUN PROPERTIES's standard deviation. In reality, there are many statistical measures that can use REDSUN PROPERTIES historical prices to predict the future REDSUN PROPERTIES's volatility.
REDSUN PROPERTIES maintains Sharpe Ratio (i.e., Efficiency) of -0.0218, which implies the firm had a -0.0218% return per unit of volatility over the last 3 months. REDSUN PROPERTIES exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check REDSUN PROPERTIES's risk adjusted performance of (0.01), and Coefficient Of Variation of (4,588) to confirm the risk estimate we provide. The company holds a Beta of -5.48, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning REDSUN PROPERTIES are expected to decrease by larger amounts. On the other hand, during market turmoil, REDSUN PROPERTIES is expected to outperform it. At this point, REDSUN PROPERTIES has a negative expected return of -0.37%. Please make sure to check REDSUN PROPERTIES's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if REDSUN PROPERTIES performance from the past will be repeated in the future.
Auto-correlation
0.11
Insignificant predictability
REDSUN PROPERTIES GROUP has insignificant predictability. Overlapping area represents the amount of predictability between REDSUN PROPERTIES time series from 20th of June 2023 to 31st of March 2024 and 31st of March 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of REDSUN PROPERTIES price movement. The serial correlation of 0.11 indicates that less than 11.0% of current REDSUN PROPERTIES price fluctuation can be explain by its past prices.
Correlation Coefficient
0.11
Spearman Rank Test
0.3
Residual Average
0.0
Price Variance
0.0
REDSUN PROPERTIES lagged returns against current returns
Autocorrelation, which is REDSUN PROPERTIES 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 REDSUN PROPERTIES's stock expected returns. We can calculate the autocorrelation of REDSUN PROPERTIES returns to help us make a trade decision. For example, suppose you find that REDSUN PROPERTIES 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
REDSUN PROPERTIES 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 REDSUN PROPERTIES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if REDSUN PROPERTIES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in REDSUN PROPERTIES stock over time.
Current vs Lagged Prices
Timeline
REDSUN PROPERTIES Lagged Returns
When evaluating REDSUN PROPERTIES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of REDSUN PROPERTIES stock have on its future price. REDSUN PROPERTIES 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, REDSUN PROPERTIES autocorrelation shows the relationship between REDSUN PROPERTIES stock current value and its past values and can show if there is a momentum factor associated with investing in REDSUN PROPERTIES GROUP.
REDSUN PROPERTIES financial ratios help investors to determine whether REDSUN 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 REDSUN with respect to the benefits of owning REDSUN PROPERTIES security.