Remsense Technologies (Australia) Market Value
| REM Stock | 0.03 0 8.70% |
| Symbol | Remsense |
Remsense Technologies '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 Remsense Technologies' 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 Remsense Technologies.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Remsense Technologies on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Remsense Technologies or generate 0.0% return on investment in Remsense Technologies over 60 days. Remsense Technologies is related to or competes with Westpac Banking, IShares Global, Adriatic Metals, Australian Agricultural, and VanEck FTSE. Remsense Technologies is entity of Australia More
Remsense Technologies 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 Remsense Technologies' 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 Remsense Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 38.69 | |||
| Value At Risk | (10.71) | |||
| Potential Upside | 8.7 |
Remsense Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Remsense Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Remsense Technologies' standard deviation. In reality, there are many statistical measures that can use Remsense Technologies historical prices to predict the future Remsense Technologies' volatility.| Risk Adjusted Performance | 0.007 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.1089 |
Remsense Technologies Backtested Returns
Remsense Technologies maintains Sharpe Ratio (i.e., Efficiency) of -0.0026, which implies the firm had a -0.0026% return per unit of risk over the last 3 months. Remsense Technologies exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Remsense Technologies' Variance of 42.24, coefficient of variation of (45,686), and Risk Adjusted Performance of 0.007 to confirm the risk estimate we provide. The company holds a Beta of -0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Remsense Technologies are expected to decrease at a much lower rate. During the bear market, Remsense Technologies is likely to outperform the market. At this point, Remsense Technologies has a negative expected return of -0.0171%. Please make sure to check Remsense Technologies' treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Remsense Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Remsense Technologies has virtually no predictability. Overlapping area represents the amount of predictability between Remsense Technologies time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Remsense Technologies price movement. The serial correlation of 0.01 indicates that just 1.0% of current Remsense Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Remsense Technologies lagged returns against current returns
Autocorrelation, which is Remsense Technologies 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 Remsense Technologies' stock expected returns. We can calculate the autocorrelation of Remsense Technologies returns to help us make a trade decision. For example, suppose you find that Remsense Technologies 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 |
Remsense Technologies 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 Remsense Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Remsense Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Remsense Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Remsense Technologies Lagged Returns
When evaluating Remsense Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Remsense Technologies stock have on its future price. Remsense Technologies 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, Remsense Technologies autocorrelation shows the relationship between Remsense Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Remsense Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Remsense Stock Analysis
When running Remsense Technologies' price analysis, check to measure Remsense Technologies' 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 Remsense Technologies is operating at the current time. Most of Remsense Technologies' value examination focuses on studying past and present price action to predict the probability of Remsense Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Remsense Technologies' price. Additionally, you may evaluate how the addition of Remsense Technologies to your portfolios can decrease your overall portfolio volatility.