Rinnai Corp Stock Market Value
| RINIY Stock | USD 12.07 0.00 0.00% |
| Symbol | Rinnai |
Rinnai Corp '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 Rinnai Corp's otc 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 Rinnai Corp.
| 07/23/2024 |
| 12/20/2024 |
If you would invest 0.00 in Rinnai Corp on July 23, 2024 and sell it all today you would earn a total of 0.00 from holding Rinnai Corp or generate 0.0% return on investment in Rinnai Corp over 150 days. Rinnai Corp is related to or competes with Titan Machinery, Simon Property, Alaska Air, Cedar Realty, Asbury Automotive, and ATRenew. More
Rinnai Corp 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 Rinnai Corp's otc 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 Rinnai Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 1.09 |
Rinnai Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rinnai Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rinnai Corp's standard deviation. In reality, there are many statistical measures that can use Rinnai Corp historical prices to predict the future Rinnai Corp's volatility.| Risk Adjusted Performance | 0.0485 | |||
| Jensen Alpha | 0.0068 | |||
| Total Risk Alpha | 0.0025 | |||
| Treynor Ratio | (0.52) |
Rinnai Corp Backtested Returns
At this stage we consider Rinnai OTC Stock to be very steady. Rinnai Corp 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. We have found sixteen technical indicators for Rinnai Corp, which you can use to evaluate the volatility of the company. Please check Rinnai Corp's Risk Adjusted Performance of 0.0485, coefficient of variation of 812.4, and Variance of 0.018 to confirm if the risk estimate we provide is consistent with the expected return of 0.0168%. Rinnai Corp has a performance score of 9 on a scale of 0 to 100. The company holds a Beta of -0.0125, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rinnai Corp are expected to decrease at a much lower rate. During the bear market, Rinnai Corp is likely to outperform the market. Rinnai Corp right now holds a risk of 0.14%. Please check Rinnai Corp treynor ratio and day typical price , to decide if Rinnai Corp will be following its historical price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Rinnai Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Rinnai Corp time series from 23rd of July 2024 to 6th of October 2024 and 6th of October 2024 to 20th 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 Rinnai Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Rinnai Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rinnai Corp lagged returns against current returns
Autocorrelation, which is Rinnai Corp otc 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 Rinnai Corp's otc stock expected returns. We can calculate the autocorrelation of Rinnai Corp returns to help us make a trade decision. For example, suppose you find that Rinnai Corp has exhibited high autocorrelation historically, and you observe that the otc 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 |
Rinnai Corp 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 Rinnai Corp otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rinnai Corp otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rinnai Corp otc stock over time.
Current vs Lagged Prices |
| Timeline |
Rinnai Corp Lagged Returns
When evaluating Rinnai Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rinnai Corp otc stock have on its future price. Rinnai Corp 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, Rinnai Corp autocorrelation shows the relationship between Rinnai Corp otc stock current value and its past values and can show if there is a momentum factor associated with investing in Rinnai Corp.
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 Rinnai OTC Stock Analysis
When running Rinnai Corp's price analysis, check to measure Rinnai Corp'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 Rinnai Corp is operating at the current time. Most of Rinnai Corp's value examination focuses on studying past and present price action to predict the probability of Rinnai Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rinnai Corp's price. Additionally, you may evaluate how the addition of Rinnai Corp to your portfolios can decrease your overall portfolio volatility.