Redflex Holdings Ltd Stock Market Value
| RFLXF Stock | USD 0.04 0 6.38% |
| Symbol | REDFLEX |
REDFLEX HOLDINGS '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 REDFLEX HOLDINGS'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 REDFLEX HOLDINGS.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in REDFLEX HOLDINGS on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding REDFLEX HOLDINGS LTD or generate 0.0% return on investment in REDFLEX HOLDINGS over 90 days. REDFLEX HOLDINGS is related to or competes with NH Foods, Merit Medical, Neogen, Cardinal Health, Paranovus Entertainment, Village Super, and Bridgford Foods. Freedom Battery Metals Inc. engages in the business of exploration of mineral properties in Canada More
REDFLEX HOLDINGS 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 REDFLEX HOLDINGS'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 REDFLEX HOLDINGS LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.73 | |||
| Information Ratio | 0.1655 | |||
| Maximum Drawdown | 99.02 | |||
| Value At Risk | (23.40) | |||
| Potential Upside | 35.24 |
REDFLEX HOLDINGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for REDFLEX HOLDINGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as REDFLEX HOLDINGS's standard deviation. In reality, there are many statistical measures that can use REDFLEX HOLDINGS historical prices to predict the future REDFLEX HOLDINGS's volatility.| Risk Adjusted Performance | 0.149 | |||
| Jensen Alpha | 2.86 | |||
| Total Risk Alpha | 5.36 | |||
| Sortino Ratio | 0.1979 | |||
| Treynor Ratio | (2.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of REDFLEX HOLDINGS'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.
REDFLEX HOLDINGS LTD Backtested Returns
REDFLEX HOLDINGS is out of control given 3 months investment horizon. REDFLEX HOLDINGS LTD maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16 % return per unit of volatility over the last 3 months. We have analyzed and interpolated twenty-seven different technical indicators, which can help you to evaluate if expected returns of 3.01% are justified by taking the suggested risk. Use REDFLEX HOLDINGS semi deviation of 13.67, and Risk Adjusted Performance of 0.149 to evaluate company specific risk that cannot be diversified away. REDFLEX HOLDINGS holds a performance score of 12 on a scale of zero to a hundred. The company holds a Beta of -1.29, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning REDFLEX HOLDINGS are expected to decrease by larger amounts. On the other hand, during market turmoil, REDFLEX HOLDINGS is expected to outperform it. Use REDFLEX HOLDINGS total risk alpha and the relationship between the potential upside and price action indicator , to analyze future returns on REDFLEX HOLDINGS.
Auto-correlation | -0.2 |
Insignificant reverse predictability
REDFLEX HOLDINGS LTD has insignificant reverse predictability. Overlapping area represents the amount of predictability between REDFLEX HOLDINGS time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 REDFLEX HOLDINGS LTD price movement. The serial correlation of -0.2 indicates that over 20.0% of current REDFLEX HOLDINGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
REDFLEX HOLDINGS LTD lagged returns against current returns
Autocorrelation, which is REDFLEX HOLDINGS 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 REDFLEX HOLDINGS's pink sheet expected returns. We can calculate the autocorrelation of REDFLEX HOLDINGS returns to help us make a trade decision. For example, suppose you find that REDFLEX HOLDINGS 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 |
REDFLEX HOLDINGS 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 REDFLEX HOLDINGS pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if REDFLEX HOLDINGS pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in REDFLEX HOLDINGS pink sheet over time.
Current vs Lagged Prices |
| Timeline |
REDFLEX HOLDINGS Lagged Returns
When evaluating REDFLEX HOLDINGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of REDFLEX HOLDINGS pink sheet have on its future price. REDFLEX HOLDINGS 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, REDFLEX HOLDINGS autocorrelation shows the relationship between REDFLEX HOLDINGS pink sheet current value and its past values and can show if there is a momentum factor associated with investing in REDFLEX HOLDINGS LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in REDFLEX Pink Sheet
REDFLEX HOLDINGS financial ratios help investors to determine whether REDFLEX Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in REDFLEX with respect to the benefits of owning REDFLEX HOLDINGS security.