Rexon Industrial's market value is the price at which a share of Rexon Industrial trades on a public exchange. It measures the collective expectations of Rexon Industrial Corp investors about its performance. Rexon Industrial is selling for under 30.35 as of the 9th of January 2025; that is 2.72 percent decrease since the beginning of the trading day. The stock's lowest day price was 30.2. With this module, you can estimate the performance of a buy and hold strategy of Rexon Industrial Corp and determine expected loss or profit from investing in Rexon Industrial over a given investment horizon. Check out Rexon Industrial Correlation, Rexon Industrial Volatility and Rexon Industrial Alpha and Beta module to complement your research on Rexon Industrial.
Please note, there is a significant difference between Rexon Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rexon Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rexon Industrial'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.
Rexon Industrial '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 Rexon Industrial'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 Rexon Industrial.
0.00
12/10/2024
No Change 0.00
0.0
In 31 days
01/09/2025
0.00
If you would invest 0.00 in Rexon Industrial on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding Rexon Industrial Corp or generate 0.0% return on investment in Rexon Industrial over 30 days. Rexon Industrial is related to or competes with Chung Hsin, Johnson Health, Shihlin Electric, TECO Electric, and Basso Industry. ,Ltd designs, manufactures, and sells bench power tools in the United States, Canada, Europe, Japan, and other Asian mar... More
Rexon Industrial 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 Rexon Industrial'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 Rexon Industrial Corp 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 Rexon Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rexon Industrial's standard deviation. In reality, there are many statistical measures that can use Rexon Industrial historical prices to predict the future Rexon Industrial's volatility.
Rexon Industrial Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0942, which implies the firm had a -0.0942% return per unit of risk over the last 3 months. Rexon Industrial Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rexon Industrial's Variance of 3.38, coefficient of variation of (749.90), and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide. The company holds a Beta of -0.0764, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rexon Industrial are expected to decrease at a much lower rate. During the bear market, Rexon Industrial is likely to outperform the market. At this point, Rexon Industrial Corp has a negative expected return of -0.16%. Please make sure to check Rexon Industrial's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Rexon Industrial Corp performance from the past will be repeated at some point in the near future.
Auto-correlation
0.06
Virtually no predictability
Rexon Industrial Corp has virtually no predictability. Overlapping area represents the amount of predictability between Rexon Industrial time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th 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 Rexon Industrial Corp price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Rexon Industrial price fluctuation can be explain by its past prices.
Correlation Coefficient
0.06
Spearman Rank Test
-0.08
Residual Average
0.0
Price Variance
0.13
Rexon Industrial Corp lagged returns against current returns
Autocorrelation, which is Rexon Industrial 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 Rexon Industrial's stock expected returns. We can calculate the autocorrelation of Rexon Industrial returns to help us make a trade decision. For example, suppose you find that Rexon Industrial 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
Rexon Industrial 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 Rexon Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rexon Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rexon Industrial stock over time.
Current vs Lagged Prices
Timeline
Rexon Industrial Lagged Returns
When evaluating Rexon Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rexon Industrial stock have on its future price. Rexon Industrial 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, Rexon Industrial autocorrelation shows the relationship between Rexon Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Rexon Industrial Corp.
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.
When running Rexon Industrial's price analysis, check to measure Rexon Industrial'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 Rexon Industrial is operating at the current time. Most of Rexon Industrial's value examination focuses on studying past and present price action to predict the probability of Rexon Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rexon Industrial's price. Additionally, you may evaluate how the addition of Rexon Industrial to your portfolios can decrease your overall portfolio volatility.