Ripley Corp (Chile) Market Value
| RIPLEY Stock | CLP 265.64 3.26 1.21% |
| Symbol | Ripley |
Ripley 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 Ripley Corp'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 Ripley Corp.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in Ripley Corp on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Ripley Corp or generate 0.0% return on investment in Ripley Corp over 90 days. Ripley Corp is related to or competes with Falabella, Cencosud, Parq Arauco, Empresas Copec, and Vapores. Ripley Corp S.A. engages in the retail sale of apparel, accessories, and home products through department stores and e-c... More
Ripley 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 Ripley Corp'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 Ripley Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.16 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.82 |
Ripley Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ripley Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ripley Corp's standard deviation. In reality, there are many statistical measures that can use Ripley Corp historical prices to predict the future Ripley Corp's volatility.| Risk Adjusted Performance | 2.0E-4 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.5432 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ripley Corp'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.
Ripley Corp Backtested Returns
At this point, Ripley Corp is very steady. Ripley Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0962, which implies the firm had a 0.0962% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Ripley Corp, which you can use to evaluate the volatility of the company. Please check Ripley Corp's Variance of 1.31, coefficient of variation of (20,462), and Risk Adjusted Performance of 2.0E-4 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Ripley Corp has a performance score of 7 on a scale of 0 to 100. The company holds a Beta of -0.0287, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ripley Corp are expected to decrease at a much lower rate. During the bear market, Ripley Corp is likely to outperform the market. Ripley Corp right now holds a risk of 1.11%. Please check Ripley Corp skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Ripley Corp will be following its historical price patterns.
Auto-correlation | -0.81 |
Excellent reverse predictability
Ripley Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Ripley Corp time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 Ripley Corp price movement. The serial correlation of -0.81 indicates that around 81.0% of current Ripley Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 28.54 |
Ripley Corp lagged returns against current returns
Autocorrelation, which is Ripley Corp 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 Ripley Corp's stock expected returns. We can calculate the autocorrelation of Ripley Corp returns to help us make a trade decision. For example, suppose you find that Ripley Corp 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 |
Ripley 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 Ripley Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ripley Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ripley Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Ripley Corp Lagged Returns
When evaluating Ripley Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ripley Corp stock have on its future price. Ripley 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, Ripley Corp autocorrelation shows the relationship between Ripley Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Ripley Corp.
Regressed Prices |
| Timeline |
Pair Trading with Ripley Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ripley Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ripley Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Ripley Stock
The ability to find closely correlated positions to Ripley Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ripley Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ripley Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ripley Corp to buy it.
The correlation of Ripley Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ripley Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ripley Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ripley Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Ripley Stock
Ripley Corp financial ratios help investors to determine whether Ripley Stock 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 Ripley with respect to the benefits of owning Ripley Corp security.