RMB Holdings (South Africa) Market Value
| RMH Stock | 44.00 1.00 2.22% |
| Symbol | RMB |
RMB 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 RMB Holdings' 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 RMB Holdings.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in RMB Holdings on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding RMB Holdings or generate 0.0% return on investment in RMB Holdings over 30 days. RMB Holdings is related to or competes with ABSA Bank, Capitec Bank, Standard Bank, Capitec Bank, Absa, Nedbank, and Investec. More
RMB 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 RMB Holdings' 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 RMB Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.79 | |||
| Information Ratio | 0.0924 | |||
| Maximum Drawdown | 7.38 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.56 |
RMB Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RMB Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RMB Holdings' standard deviation. In reality, there are many statistical measures that can use RMB Holdings historical prices to predict the future RMB Holdings' volatility.| Risk Adjusted Performance | 0.093 | |||
| Jensen Alpha | 0.1912 | |||
| Total Risk Alpha | 0.1384 | |||
| Sortino Ratio | 0.0597 | |||
| Treynor Ratio | (1.76) |
RMB Holdings Backtested Returns
At this point, RMB Holdings is very steady. RMB Holdings retains Efficiency (Sharpe Ratio) of 0.0913, which implies the firm had a 0.0913% return per unit of risk over the last 3 months. We have found thirty technical indicators for RMB Holdings, which you can use to evaluate the volatility of the company. Please check RMB Holdings' semi deviation of 1.15, and Market Risk Adjusted Performance of (1.75) to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. RMB Holdings has a performance score of 7 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning RMB Holdings are expected to decrease at a much lower rate. During the bear market, RMB Holdings is likely to outperform the market. RMB Holdings currently owns a risk of 1.81%. Please check RMB Holdings total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if RMB Holdings will be following its current price history.
Auto-correlation | 0.14 |
Insignificant predictability
RMB Holdings has insignificant predictability. Overlapping area represents the amount of predictability between RMB Holdings time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 RMB Holdings price movement. The serial correlation of 0.14 indicates that less than 14.0% of current RMB Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 1.36 |
RMB Holdings lagged returns against current returns
Autocorrelation, which is RMB Holdings 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 RMB Holdings' stock expected returns. We can calculate the autocorrelation of RMB Holdings returns to help us make a trade decision. For example, suppose you find that RMB Holdings 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 |
RMB 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 RMB Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RMB Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RMB Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
RMB Holdings Lagged Returns
When evaluating RMB Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RMB Holdings stock have on its future price. RMB 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, RMB Holdings autocorrelation shows the relationship between RMB Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in RMB Holdings.
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.Other Information on Investing in RMB Stock
RMB Holdings financial ratios help investors to determine whether RMB 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 RMB with respect to the benefits of owning RMB Holdings security.