Redcare Pharmacy (Germany) Market Value
| RDC Stock | 150.30 9.70 6.06% |
| Symbol | Redcare |
Redcare Pharmacy '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 Redcare Pharmacy'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 Redcare Pharmacy.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Redcare Pharmacy on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Redcare Pharmacy NV or generate 0.0% return on investment in Redcare Pharmacy over 30 days.
Redcare Pharmacy 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 Redcare Pharmacy'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 Redcare Pharmacy NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.1581 | |||
| Maximum Drawdown | 14.27 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 4.88 |
Redcare Pharmacy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Redcare Pharmacy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Redcare Pharmacy's standard deviation. In reality, there are many statistical measures that can use Redcare Pharmacy historical prices to predict the future Redcare Pharmacy's volatility.| Risk Adjusted Performance | 0.1497 | |||
| Jensen Alpha | 0.4356 | |||
| Total Risk Alpha | 0.1783 | |||
| Sortino Ratio | 0.1784 | |||
| Treynor Ratio | 0.6779 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Redcare Pharmacy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Redcare Pharmacy Backtested Returns
Redcare Pharmacy appears to be very steady, given 3 months investment horizon. Redcare Pharmacy maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Redcare Pharmacy, which you can use to evaluate the volatility of the company. Please evaluate Redcare Pharmacy's Coefficient Of Variation of 508.99, risk adjusted performance of 0.1497, and Semi Deviation of 1.8 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Redcare Pharmacy holds a performance score of 12. The company holds a Beta of 0.74, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Redcare Pharmacy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Redcare Pharmacy is expected to be smaller as well. Please check Redcare Pharmacy's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Redcare Pharmacy's historical price patterns will revert.
Auto-correlation | -0.85 |
Excellent reverse predictability
Redcare Pharmacy NV has excellent reverse predictability. Overlapping area represents the amount of predictability between Redcare Pharmacy time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Redcare Pharmacy price movement. The serial correlation of -0.85 indicates that around 85.0% of current Redcare Pharmacy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 14.15 |
Redcare Pharmacy lagged returns against current returns
Autocorrelation, which is Redcare Pharmacy 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 Redcare Pharmacy's stock expected returns. We can calculate the autocorrelation of Redcare Pharmacy returns to help us make a trade decision. For example, suppose you find that Redcare Pharmacy 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 |
Redcare Pharmacy 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 Redcare Pharmacy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Redcare Pharmacy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Redcare Pharmacy stock over time.
Current vs Lagged Prices |
| Timeline |
Redcare Pharmacy Lagged Returns
When evaluating Redcare Pharmacy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Redcare Pharmacy stock have on its future price. Redcare Pharmacy 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, Redcare Pharmacy autocorrelation shows the relationship between Redcare Pharmacy stock current value and its past values and can show if there is a momentum factor associated with investing in Redcare Pharmacy NV.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Redcare Stock Analysis
When running Redcare Pharmacy's price analysis, check to measure Redcare Pharmacy'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 Redcare Pharmacy is operating at the current time. Most of Redcare Pharmacy's value examination focuses on studying past and present price action to predict the probability of Redcare Pharmacy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Redcare Pharmacy's price. Additionally, you may evaluate how the addition of Redcare Pharmacy to your portfolios can decrease your overall portfolio volatility.