Raia Drogasil Sa Stock Market Value
| RADLY Stock | USD 3.74 0.54 12.62% |
| Symbol | Raia |
Raia Drogasil '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 Raia Drogasil's pink sheet 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 Raia Drogasil.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Raia Drogasil on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Raia Drogasil SA or generate 0.0% return on investment in Raia Drogasil over 30 days. Raia Drogasil is related to or competes with China Jo, SunLink Health, Leafly Holdings, Walgreens Boots, PetMed Express, 111, and High Tide. Raia Drogasil S.A. engages in the retail sale of medicines, perfumery, personal care and beauty products, cosmetics, der... More
Raia Drogasil 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 Raia Drogasil's pink sheet 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 Raia Drogasil SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 22.94 | |||
| Value At Risk | (8.12) | |||
| Potential Upside | 7.42 |
Raia Drogasil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Raia Drogasil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Raia Drogasil's standard deviation. In reality, there are many statistical measures that can use Raia Drogasil historical prices to predict the future Raia Drogasil's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | (0.55) |
Raia Drogasil SA Backtested Returns
Raia Drogasil SA maintains Sharpe Ratio (i.e., Efficiency) of -0.0613, which implies the firm had a -0.0613% return per unit of risk over the last 3 months. Raia Drogasil SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Raia Drogasil's Variance of 19.99, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,271) to confirm the risk estimate we provide. The company holds a Beta of 0.65, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Raia Drogasil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Raia Drogasil is expected to be smaller as well. At this point, Raia Drogasil SA has a negative expected return of -0.28%. Please make sure to check Raia Drogasil's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Raia Drogasil SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.49 |
Modest reverse predictability
Raia Drogasil SA has modest reverse predictability. Overlapping area represents the amount of predictability between Raia Drogasil time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Raia Drogasil SA price movement. The serial correlation of -0.49 indicates that about 49.0% of current Raia Drogasil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Raia Drogasil SA lagged returns against current returns
Autocorrelation, which is Raia Drogasil pink sheet'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 Raia Drogasil's pink sheet expected returns. We can calculate the autocorrelation of Raia Drogasil returns to help us make a trade decision. For example, suppose you find that Raia Drogasil has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Raia Drogasil 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 Raia Drogasil pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Raia Drogasil pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Raia Drogasil pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Raia Drogasil Lagged Returns
When evaluating Raia Drogasil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Raia Drogasil pink sheet have on its future price. Raia Drogasil 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, Raia Drogasil autocorrelation shows the relationship between Raia Drogasil pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Raia Drogasil SA.
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 Raia Pink Sheet Analysis
When running Raia Drogasil's price analysis, check to measure Raia Drogasil's 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 Raia Drogasil is operating at the current time. Most of Raia Drogasil's value examination focuses on studying past and present price action to predict the probability of Raia Drogasil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Raia Drogasil's price. Additionally, you may evaluate how the addition of Raia Drogasil to your portfolios can decrease your overall portfolio volatility.