Ruentex Materials (Taiwan) Market Value
| 8463 Stock | TWD 26.30 0.05 0.19% |
| Symbol | Ruentex |
Ruentex Materials '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 Materials' 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 Materials.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Ruentex Materials on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Ruentex Materials Co or generate 0.0% return on investment in Ruentex Materials over 30 days. Ruentex Materials is related to or competes with Taiwan Cement, Goldsun Building, Huang Hsiang, Chia Hsin, and Hsing Ta. It offers Portland blast furnace cement, Portland cement, and stove powder and mortar, surface powder, and sticky and se... More
Ruentex Materials 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 Materials' 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 Materials Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.85 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.62 |
Ruentex Materials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ruentex Materials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ruentex Materials' standard deviation. In reality, there are many statistical measures that can use Ruentex Materials historical prices to predict the future Ruentex Materials' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.13) |
Ruentex Materials Backtested Returns
Ruentex Materials maintains Sharpe Ratio (i.e., Efficiency) of -0.0231, which implies the firm had a -0.0231% return per unit of risk over the last 3 months. Ruentex Materials exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ruentex Materials' insignificant Risk Adjusted Performance, coefficient of variation of (10,466), and Variance of 1.29 to confirm the risk estimate we provide. The company holds a Beta of 0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ruentex Materials' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ruentex Materials is expected to be smaller as well. At this point, Ruentex Materials has a negative expected return of -0.0268%. Please make sure to check Ruentex Materials' market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Ruentex Materials performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Ruentex Materials Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ruentex Materials time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Ruentex Materials price movement. The serial correlation of -0.2 indicates that over 20.0% of current Ruentex Materials price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ruentex Materials lagged returns against current returns
Autocorrelation, which is Ruentex Materials 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 Materials' stock expected returns. We can calculate the autocorrelation of Ruentex Materials returns to help us make a trade decision. For example, suppose you find that Ruentex Materials 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 Materials 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 Materials stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ruentex Materials stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ruentex Materials stock over time.
Current vs Lagged Prices |
| Timeline |
Ruentex Materials Lagged Returns
When evaluating Ruentex Materials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ruentex Materials stock have on its future price. Ruentex Materials 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 Materials autocorrelation shows the relationship between Ruentex Materials stock current value and its past values and can show if there is a momentum factor associated with investing in Ruentex Materials Co.
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 Materials' price analysis, check to measure Ruentex Materials' 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 Materials is operating at the current time. Most of Ruentex Materials' value examination focuses on studying past and present price action to predict the probability of Ruentex Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ruentex Materials' price. Additionally, you may evaluate how the addition of Ruentex Materials to your portfolios can decrease your overall portfolio volatility.