Rai Way (Germany) Market Value
| 4RW Stock | EUR 5.08 0.03 0.59% |
| Symbol | Rai |
Rai Way '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 Rai Way'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 Rai Way.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Rai Way on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Rai Way SpA or generate 0.0% return on investment in Rai Way over 720 days. Rai Way is related to or competes with Singapore Airlines, NAKED WINES, International Consolidated, Diamyd Medical, and MEDICAL FACILITIES. Rai Way S.p.A. owns and manages television and radio transmission and broadcasting networks in Italy More
Rai Way 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 Rai Way'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 Rai Way SpA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.53 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 1.76 |
Rai Way Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rai Way's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rai Way's standard deviation. In reality, there are many statistical measures that can use Rai Way historical prices to predict the future Rai Way's volatility.| Risk Adjusted Performance | 0.03 | |||
| Jensen Alpha | 0.0082 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.177 |
Rai Way SpA Backtested Returns
At this point, Rai Way is not too volatile. Rai Way SpA maintains Sharpe Ratio (i.e., Efficiency) of 0.0109, which implies the firm had a 0.0109% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Rai Way SpA, which you can use to evaluate the volatility of the company. Please check Rai Way's Coefficient Of Variation of 2848.31, semi deviation of 1.14, and Risk Adjusted Performance of 0.03 to confirm if the risk estimate we provide is consistent with the expected return of 0.012%. The company holds a Beta of 0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rai Way's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rai Way is expected to be smaller as well. Rai Way SpA right now holds a risk of 1.1%. Please check Rai Way SpA semi deviation, jensen alpha, maximum drawdown, as well as the relationship between the coefficient of variation and sortino ratio , to decide if Rai Way SpA will be following its historical price patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
Rai Way SpA has poor reverse predictability. Overlapping area represents the amount of predictability between Rai Way time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Rai Way SpA price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Rai Way price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Rai Way SpA lagged returns against current returns
Autocorrelation, which is Rai Way 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 Rai Way's stock expected returns. We can calculate the autocorrelation of Rai Way returns to help us make a trade decision. For example, suppose you find that Rai Way 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 |
Rai Way 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 Rai Way stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rai Way stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rai Way stock over time.
Current vs Lagged Prices |
| Timeline |
Rai Way Lagged Returns
When evaluating Rai Way's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rai Way stock have on its future price. Rai Way 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, Rai Way autocorrelation shows the relationship between Rai Way stock current value and its past values and can show if there is a momentum factor associated with investing in Rai Way SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Rai Stock
Rai Way financial ratios help investors to determine whether Rai 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 Rai with respect to the benefits of owning Rai Way security.