REN Redes (Portugal) Market Value
| RENE Stock | EUR 2.66 0.03 1.12% |
| Symbol | REN |
REN Redes '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 REN Redes' 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 REN Redes.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in REN Redes on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding REN Redes or generate 0.0% return on investment in REN Redes over 90 days. REN Redes is related to or competes with Sonae SGPS, Navigator, EDP Energias, NOS SGPS, and Altri SGPS. REN - Redes Energticas Nacionais, SGPS, S.A., through its subsidiaries, engages in the transmission of electricity and n... More
REN Redes 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 REN Redes' 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 REN Redes upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | 0.2836 | |||
| Maximum Drawdown | 5.23 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.67 |
REN Redes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for REN Redes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as REN Redes' standard deviation. In reality, there are many statistical measures that can use REN Redes historical prices to predict the future REN Redes' volatility.| Risk Adjusted Performance | 0.1743 | |||
| Jensen Alpha | 0.1913 | |||
| Total Risk Alpha | 0.361 | |||
| Sortino Ratio | 0.3001 | |||
| Treynor Ratio | (0.92) |
REN Redes Backtested Returns
REN Redes appears to be slightly risky, given 3 months investment horizon. REN Redes maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the firm had a 0.21 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for REN Redes, which you can use to evaluate the volatility of the company. Please evaluate REN Redes' Risk Adjusted Performance of 0.1743, semi deviation of 0.6256, and Market Risk Adjusted Performance of (0.91) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, REN Redes holds a performance score of 16. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning REN Redes are expected to decrease at a much lower rate. During the bear market, REN Redes is likely to outperform the market. Please check REN Redes' total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether REN Redes' historical price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
REN Redes has good predictability. Overlapping area represents the amount of predictability between REN Redes time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 REN Redes price movement. The serial correlation of 0.72 indicates that around 72.0% of current REN Redes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
REN Redes lagged returns against current returns
Autocorrelation, which is REN Redes 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 REN Redes' stock expected returns. We can calculate the autocorrelation of REN Redes returns to help us make a trade decision. For example, suppose you find that REN Redes 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 |
REN Redes 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 REN Redes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if REN Redes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in REN Redes stock over time.
Current vs Lagged Prices |
| Timeline |
REN Redes Lagged Returns
When evaluating REN Redes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of REN Redes stock have on its future price. REN Redes 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, REN Redes autocorrelation shows the relationship between REN Redes stock current value and its past values and can show if there is a momentum factor associated with investing in REN Redes.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for REN Stock Analysis
When running REN Redes' price analysis, check to measure REN Redes' 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 REN Redes is operating at the current time. Most of REN Redes' value examination focuses on studying past and present price action to predict the probability of REN Redes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move REN Redes' price. Additionally, you may evaluate how the addition of REN Redes to your portfolios can decrease your overall portfolio volatility.