REMEDY ENTERTAINMENT (Germany) Market Value
| 8P8 Stock | 13.28 0.38 2.95% |
| Symbol | REMEDY |
REMEDY ENTERTAINMENT '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 REMEDY ENTERTAINMENT'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 REMEDY ENTERTAINMENT.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in REMEDY ENTERTAINMENT on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding REMEDY ENTERTAINMENT OYJ or generate 0.0% return on investment in REMEDY ENTERTAINMENT over 90 days. REMEDY ENTERTAINMENT is related to or competes with Hisense Home, UNIVMUSIC GRPADR/050, T MOBILE, Geely Automobile, Singapore Telecommunicatio, Hellenic Telecommunicatio, and Warner Music. More
REMEDY ENTERTAINMENT 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 REMEDY ENTERTAINMENT'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 REMEDY ENTERTAINMENT OYJ upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0116 | |||
| Maximum Drawdown | 11.82 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 3.56 |
REMEDY ENTERTAINMENT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for REMEDY ENTERTAINMENT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as REMEDY ENTERTAINMENT's standard deviation. In reality, there are many statistical measures that can use REMEDY ENTERTAINMENT historical prices to predict the future REMEDY ENTERTAINMENT's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | 0.1922 | |||
| Treynor Ratio | 0.4677 |
REMEDY ENTERTAINMENT OYJ Backtested Returns
REMEDY ENTERTAINMENT OYJ maintains Sharpe Ratio (i.e., Efficiency) of -0.0244, which implies the firm had a -0.0244 % return per unit of volatility over the last 3 months. REMEDY ENTERTAINMENT OYJ exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check REMEDY ENTERTAINMENT's coefficient of variation of (2,992), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of -0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning REMEDY ENTERTAINMENT are expected to decrease at a much lower rate. During the bear market, REMEDY ENTERTAINMENT is likely to outperform the market. At this point, REMEDY ENTERTAINMENT OYJ has a negative expected return of -0.0536%. Please make sure to check REMEDY ENTERTAINMENT's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if REMEDY ENTERTAINMENT OYJ performance from the past will be repeated at future time.
Auto-correlation | 0.12 |
Insignificant predictability
REMEDY ENTERTAINMENT OYJ has insignificant predictability. Overlapping area represents the amount of predictability between REMEDY ENTERTAINMENT 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 REMEDY ENTERTAINMENT OYJ price movement. The serial correlation of 0.12 indicates that less than 12.0% of current REMEDY ENTERTAINMENT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
REMEDY ENTERTAINMENT OYJ lagged returns against current returns
Autocorrelation, which is REMEDY ENTERTAINMENT 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 REMEDY ENTERTAINMENT's stock expected returns. We can calculate the autocorrelation of REMEDY ENTERTAINMENT returns to help us make a trade decision. For example, suppose you find that REMEDY ENTERTAINMENT 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 |
REMEDY ENTERTAINMENT 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 REMEDY ENTERTAINMENT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if REMEDY ENTERTAINMENT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in REMEDY ENTERTAINMENT stock over time.
Current vs Lagged Prices |
| Timeline |
REMEDY ENTERTAINMENT Lagged Returns
When evaluating REMEDY ENTERTAINMENT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of REMEDY ENTERTAINMENT stock have on its future price. REMEDY ENTERTAINMENT 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, REMEDY ENTERTAINMENT autocorrelation shows the relationship between REMEDY ENTERTAINMENT stock current value and its past values and can show if there is a momentum factor associated with investing in REMEDY ENTERTAINMENT OYJ.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in REMEDY Stock
REMEDY ENTERTAINMENT financial ratios help investors to determine whether REMEDY 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 REMEDY with respect to the benefits of owning REMEDY ENTERTAINMENT security.