RPBio (Korea) Market Value
| 314140 Stock | 6,140 630.00 11.43% |
| Symbol | RPBio |
RPBio '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 RPBio'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 RPBio.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in RPBio on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding RPBio Inc or generate 0.0% return on investment in RPBio over 90 days.
RPBio 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 RPBio'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 RPBio Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.061 | |||
| Maximum Drawdown | 12.08 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 4.59 |
RPBio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RPBio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RPBio's standard deviation. In reality, there are many statistical measures that can use RPBio historical prices to predict the future RPBio's volatility.| Risk Adjusted Performance | 0.031 | |||
| Jensen Alpha | 0.0668 | |||
| Total Risk Alpha | 0.3122 | |||
| Sortino Ratio | 0.0647 | |||
| Treynor Ratio | 0.6409 |
RPBio Inc Backtested Returns
RPBio appears to be very steady, given 3 months investment horizon. RPBio Inc retains Efficiency (Sharpe Ratio) of 0.12, which implies the firm had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for RPBio, which you can use to evaluate the volatility of the company. Please evaluate RPBio's market risk adjusted performance of 0.6509, and Semi Deviation of 2.14 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RPBio holds a performance score of 9. The company owns a Beta (Systematic Risk) of 0.0913, which implies not very significant fluctuations relative to the market. As returns on the market increase, RPBio's returns are expected to increase less than the market. However, during the bear market, the loss of holding RPBio is expected to be smaller as well. Please check RPBio's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether RPBio's current price history will revert.
Auto-correlation | 0.18 |
Very weak predictability
RPBio Inc has very weak predictability. Overlapping area represents the amount of predictability between RPBio time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 RPBio Inc price movement. The serial correlation of 0.18 indicates that over 18.0% of current RPBio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 19.5 K |
RPBio Inc lagged returns against current returns
Autocorrelation, which is RPBio 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 RPBio's stock expected returns. We can calculate the autocorrelation of RPBio returns to help us make a trade decision. For example, suppose you find that RPBio 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 |
RPBio 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 RPBio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RPBio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RPBio stock over time.
Current vs Lagged Prices |
| Timeline |
RPBio Lagged Returns
When evaluating RPBio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RPBio stock have on its future price. RPBio 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, RPBio autocorrelation shows the relationship between RPBio stock current value and its past values and can show if there is a momentum factor associated with investing in RPBio Inc.
Regressed Prices |
| Timeline |
Pair Trading with RPBio
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RPBio position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RPBio will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to RPBio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RPBio when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RPBio - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RPBio Inc to buy it.
The correlation of RPBio is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RPBio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RPBio Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RPBio can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.