Rentokil Initial Plc Stock Market Value
| RKLIF Stock | USD 4.95 0.05 1.02% |
| Symbol | Rentokil |
Rentokil Initial '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 Rentokil Initial'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 Rentokil Initial.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Rentokil Initial on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Rentokil Initial plc or generate 0.0% return on investment in Rentokil Initial over 30 days. Rentokil Initial is related to or competes with Cintas, Thomson Reuters, Global Payments, Wolters Kluwer, Teleperformance, RB Global, and Teleperformance. Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom... More
Rentokil Initial 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 Rentokil Initial'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 Rentokil Initial plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.56 | |||
| Information Ratio | 0.0169 | |||
| Maximum Drawdown | 17.87 | |||
| Value At Risk | (5.63) | |||
| Potential Upside | 6.67 |
Rentokil Initial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rentokil Initial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rentokil Initial's standard deviation. In reality, there are many statistical measures that can use Rentokil Initial historical prices to predict the future Rentokil Initial's volatility.| Risk Adjusted Performance | 0.0287 | |||
| Jensen Alpha | 0.0923 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0074 | |||
| Treynor Ratio | (0.12) |
Rentokil Initial plc Backtested Returns
Rentokil Initial appears to be moderately volatile, given 3 months investment horizon. Rentokil Initial plc maintains Sharpe Ratio (i.e., Efficiency) of 0.0803, which implies the firm had a 0.0803% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Rentokil Initial plc, which you can use to evaluate the volatility of the company. Please evaluate Rentokil Initial's Semi Deviation of 2.46, coefficient of variation of 3751.47, and Risk Adjusted Performance of 0.0287 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rentokil Initial holds a performance score of 6. The company holds a Beta of -0.63, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Rentokil Initial are expected to decrease at a much lower rate. During the bear market, Rentokil Initial is likely to outperform the market. Please check Rentokil Initial's semi variance, and the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether Rentokil Initial's historical price patterns will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
Rentokil Initial plc has weak reverse predictability. Overlapping area represents the amount of predictability between Rentokil Initial time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Rentokil Initial plc price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Rentokil Initial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rentokil Initial plc lagged returns against current returns
Autocorrelation, which is Rentokil Initial 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 Rentokil Initial's pink sheet expected returns. We can calculate the autocorrelation of Rentokil Initial returns to help us make a trade decision. For example, suppose you find that Rentokil Initial 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 |
Rentokil Initial 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 Rentokil Initial pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rentokil Initial pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rentokil Initial pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Rentokil Initial Lagged Returns
When evaluating Rentokil Initial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rentokil Initial pink sheet have on its future price. Rentokil Initial 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, Rentokil Initial autocorrelation shows the relationship between Rentokil Initial pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Rentokil Initial plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Rentokil Pink Sheet
When determining whether Rentokil Initial plc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Rentokil Initial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Rentokil Initial Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rentokil Initial Plc Stock:Check out Rentokil Initial Correlation, Rentokil Initial Volatility and Rentokil Initial Alpha and Beta module to complement your research on Rentokil Initial. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Rentokil Initial technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.