Randstad (Netherlands) Market Value
| RAND Stock | EUR 41.39 0.39 0.95% |
| Symbol | Randstad |
Randstad '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 Randstad'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 Randstad.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Randstad on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Randstad NV or generate 0.0% return on investment in Randstad over 30 days. Randstad is related to or competes with Akzo Nobel, Koninklijke KPN, Aegon NV, IShares VII, Aalberts Industries, and Value8 NV. Randstad NV provides solutions in the field of work and human resources services More
Randstad 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 Randstad'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 Randstad NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 2.27 |
Randstad Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Randstad's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Randstad's standard deviation. In reality, there are many statistical measures that can use Randstad historical prices to predict the future Randstad's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.06) |
Randstad NV Backtested Returns
Randstad NV maintains Sharpe Ratio (i.e., Efficiency) of -0.0118, which implies the firm had a -0.0118% return per unit of risk over the last 3 months. Randstad NV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Randstad's insignificant Risk Adjusted Performance, variance of 2.55, and Coefficient Of Variation of (7,829) to confirm the risk estimate we provide. The company holds a Beta of 0.5, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Randstad's returns are expected to increase less than the market. However, during the bear market, the loss of holding Randstad is expected to be smaller as well. At this point, Randstad NV has a negative expected return of -0.0189%. Please make sure to check Randstad's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Randstad NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Randstad NV has poor reverse predictability. Overlapping area represents the amount of predictability between Randstad time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Randstad NV price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Randstad price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Randstad NV lagged returns against current returns
Autocorrelation, which is Randstad 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 Randstad's stock expected returns. We can calculate the autocorrelation of Randstad returns to help us make a trade decision. For example, suppose you find that Randstad 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 |
Randstad 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 Randstad stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Randstad stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Randstad stock over time.
Current vs Lagged Prices |
| Timeline |
Randstad Lagged Returns
When evaluating Randstad's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Randstad stock have on its future price. Randstad 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, Randstad autocorrelation shows the relationship between Randstad stock current value and its past values and can show if there is a momentum factor associated with investing in Randstad NV.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Randstad Stock Analysis
When running Randstad's price analysis, check to measure Randstad'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 Randstad is operating at the current time. Most of Randstad's value examination focuses on studying past and present price action to predict the probability of Randstad's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Randstad's price. Additionally, you may evaluate how the addition of Randstad to your portfolios can decrease your overall portfolio volatility.