Ringmetall (Germany) Market Value
| HP3A Stock | 3.51 0.07 2.03% |
| Symbol | Ringmetall |
Ringmetall '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 Ringmetall'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 Ringmetall.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in Ringmetall on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Ringmetall SE or generate 0.0% return on investment in Ringmetall over 90 days. Ringmetall is related to or competes with Techtronic Industries, Snap On, Stanley Black, Toro, Lincoln Electric, AB SKF, and AB SKF. More
Ringmetall 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 Ringmetall'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 Ringmetall SE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.69 | |||
| Information Ratio | 0.0647 | |||
| Maximum Drawdown | 17.74 | |||
| Value At Risk | (6.03) | |||
| Potential Upside | 6.84 |
Ringmetall Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ringmetall's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ringmetall's standard deviation. In reality, there are many statistical measures that can use Ringmetall historical prices to predict the future Ringmetall's volatility.| Risk Adjusted Performance | 0.0337 | |||
| Jensen Alpha | 0.0757 | |||
| Total Risk Alpha | 0.6795 | |||
| Sortino Ratio | 0.0637 | |||
| Treynor Ratio | (0.49) |
Ringmetall SE Backtested Returns
At this point, Ringmetall is risky. Ringmetall SE maintains Sharpe Ratio (i.e., Efficiency) of 0.0382, which implies the firm had a 0.0382 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ringmetall SE, which you can use to evaluate the volatility of the company. Please check Ringmetall's Risk Adjusted Performance of 0.0337, coefficient of variation of 3210.25, and Semi Deviation of 3.45 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Ringmetall has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ringmetall are expected to decrease at a much lower rate. During the bear market, Ringmetall is likely to outperform the market. Ringmetall SE right now holds a risk of 3.62%. Please check Ringmetall SE information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Ringmetall SE will be following its historical price patterns.
Auto-correlation | -0.38 |
Poor reverse predictability
Ringmetall SE has poor reverse predictability. Overlapping area represents the amount of predictability between Ringmetall time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th 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 Ringmetall SE price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Ringmetall price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ringmetall SE lagged returns against current returns
Autocorrelation, which is Ringmetall 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 Ringmetall's stock expected returns. We can calculate the autocorrelation of Ringmetall returns to help us make a trade decision. For example, suppose you find that Ringmetall 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 |
Ringmetall 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 Ringmetall stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ringmetall stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ringmetall stock over time.
Current vs Lagged Prices |
| Timeline |
Ringmetall Lagged Returns
When evaluating Ringmetall's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ringmetall stock have on its future price. Ringmetall 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, Ringmetall autocorrelation shows the relationship between Ringmetall stock current value and its past values and can show if there is a momentum factor associated with investing in Ringmetall SE.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ringmetall Stock
Ringmetall financial ratios help investors to determine whether Ringmetall 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 Ringmetall with respect to the benefits of owning Ringmetall security.