Ruentex Engineering (Taiwan) Market Value
| 2597 Stock | TWD 184.50 5.50 2.89% |
| Symbol | Ruentex |
Ruentex Engineering '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 Ruentex Engineering'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 Ruentex Engineering.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Ruentex Engineering on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ruentex Engineering Construction or generate 0.0% return on investment in Ruentex Engineering over 90 days. Ruentex Engineering is related to or competes with Ruentex Industries, Huaku Development, Ruentex Development, Highwealth Construction, and Chong Hong. Ruentex Engineering Construction Co., Ltd More
Ruentex Engineering 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 Ruentex Engineering'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 Ruentex Engineering Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.2231 | |||
| Maximum Drawdown | 6.94 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 3.93 |
Ruentex Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ruentex Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ruentex Engineering's standard deviation. In reality, there are many statistical measures that can use Ruentex Engineering historical prices to predict the future Ruentex Engineering's volatility.| Risk Adjusted Performance | 0.1603 | |||
| Jensen Alpha | 0.3396 | |||
| Total Risk Alpha | 0.6435 | |||
| Sortino Ratio | 0.2728 | |||
| Treynor Ratio | (1.22) |
Ruentex Engineering Backtested Returns
Ruentex Engineering appears to be very steady, given 3 months investment horizon. Ruentex Engineering maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ruentex Engineering, which you can use to evaluate the volatility of the company. Please evaluate Ruentex Engineering's Coefficient Of Variation of 564.15, risk adjusted performance of 0.1603, and Semi Deviation of 1.34 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ruentex Engineering holds a performance score of 12. The company holds a Beta of -0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ruentex Engineering are expected to decrease at a much lower rate. During the bear market, Ruentex Engineering is likely to outperform the market. Please check Ruentex Engineering's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Ruentex Engineering's historical price patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Ruentex Engineering Construction has below average predictability. Overlapping area represents the amount of predictability between Ruentex Engineering time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Ruentex Engineering price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Ruentex Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 84.68 |
Ruentex Engineering lagged returns against current returns
Autocorrelation, which is Ruentex Engineering 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 Ruentex Engineering's stock expected returns. We can calculate the autocorrelation of Ruentex Engineering returns to help us make a trade decision. For example, suppose you find that Ruentex Engineering 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 |
Ruentex Engineering 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 Ruentex Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ruentex Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ruentex Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Ruentex Engineering Lagged Returns
When evaluating Ruentex Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ruentex Engineering stock have on its future price. Ruentex Engineering 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, Ruentex Engineering autocorrelation shows the relationship between Ruentex Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Ruentex Engineering Construction.
Regressed Prices |
| Timeline |
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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.Additional Tools for Ruentex Stock Analysis
When running Ruentex Engineering's price analysis, check to measure Ruentex Engineering'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 Ruentex Engineering is operating at the current time. Most of Ruentex Engineering's value examination focuses on studying past and present price action to predict the probability of Ruentex Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ruentex Engineering's price. Additionally, you may evaluate how the addition of Ruentex Engineering to your portfolios can decrease your overall portfolio volatility.