RED METAL (Germany) Market Value
| RMX Stock | EUR 0.08 0.00 0.00% |
| Symbol | RED |
RED METAL '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 RED METAL'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 RED METAL.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in RED METAL on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding RED METAL or generate 0.0% return on investment in RED METAL over 720 days. RED METAL is related to or competes with Liberty Broadband, Scientific Games, Zoom Video, EVS Broadcast, Hochschild Mining, and HOCHSCHILD MINING. More
RED METAL 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 RED METAL'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 RED METAL upside and downside potential and time the market with a certain degree of confidence.
RED METAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RED METAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RED METAL's standard deviation. In reality, there are many statistical measures that can use RED METAL historical prices to predict the future RED METAL's volatility.RED METAL Backtested Returns
We have found three technical indicators for RED METAL, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and RED METAL are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
RED METAL has no correlation between past and present. Overlapping area represents the amount of predictability between RED METAL time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 RED METAL price movement. The serial correlation of 0.0 indicates that just 0.0% of current RED METAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
RED METAL lagged returns against current returns
Autocorrelation, which is RED METAL 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 RED METAL's stock expected returns. We can calculate the autocorrelation of RED METAL returns to help us make a trade decision. For example, suppose you find that RED METAL 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 |
RED METAL 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 RED METAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RED METAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RED METAL stock over time.
Current vs Lagged Prices |
| Timeline |
RED METAL Lagged Returns
When evaluating RED METAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RED METAL stock have on its future price. RED METAL 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, RED METAL autocorrelation shows the relationship between RED METAL stock current value and its past values and can show if there is a momentum factor associated with investing in RED METAL.
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 RED Stock
RED METAL financial ratios help investors to determine whether RED 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 RED with respect to the benefits of owning RED METAL security.