Ridley (Australia) Market Value
| RIC Stock | 2.52 0.03 1.20% |
| Symbol | Ridley |
Ridley '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 Ridley'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 Ridley.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Ridley on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Ridley or generate 0.0% return on investment in Ridley over 30 days. Ridley is related to or competes with Dug Technology, Technology One, Step One, and Spirit Telecom. Ridley is entity of Australia. It is traded as Stock on AU exchange. More
Ridley 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 Ridley'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 Ridley upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.11 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.49 |
Ridley Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ridley's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ridley's standard deviation. In reality, there are many statistical measures that can use Ridley historical prices to predict the future Ridley's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.15) |
Ridley Backtested Returns
Ridley maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12 % return per unit of risk over the last 3 months. Ridley exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ridley's Coefficient Of Variation of (1,347), risk adjusted performance of (0.05), and Variance of 2.02 to confirm the risk estimate we provide. The company holds a Beta of 0.77, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ridley's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ridley is expected to be smaller as well. At this point, Ridley has a negative expected return of -0.17%. Please make sure to check Ridley's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Ridley performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Ridley has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Ridley time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Ridley price movement. The serial correlation of -0.74 indicates that around 74.0% of current Ridley price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ridley lagged returns against current returns
Autocorrelation, which is Ridley 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 Ridley's stock expected returns. We can calculate the autocorrelation of Ridley returns to help us make a trade decision. For example, suppose you find that Ridley 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 |
Ridley 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 Ridley stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ridley stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ridley stock over time.
Current vs Lagged Prices |
| Timeline |
Ridley Lagged Returns
When evaluating Ridley's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ridley stock have on its future price. Ridley 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, Ridley autocorrelation shows the relationship between Ridley stock current value and its past values and can show if there is a momentum factor associated with investing in Ridley.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ridley Stock Analysis
When running Ridley's price analysis, check to measure Ridley'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 Ridley is operating at the current time. Most of Ridley's value examination focuses on studying past and present price action to predict the probability of Ridley's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ridley's price. Additionally, you may evaluate how the addition of Ridley to your portfolios can decrease your overall portfolio volatility.