Renault Sa Stock Market Value
| RNLSY Stock | USD 10.51 0.23 2.24% |
| Symbol | Renault |
Renault SA '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 Renault SA'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 Renault SA.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Renault SA on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Renault SA or generate 0.0% return on investment in Renault SA over 90 days. Renault SA is related to or competes with Mazda, Subaru Corp, Isuzu Motors, Yamaha, Mazda, Mercedes-Benz Group, and Mercedes-Benz Group. Renault SA designs, manufactures, sells, and distributes vehicles in France and internationally More
Renault SA 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 Renault SA'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 Renault SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.65 | |||
| Information Ratio | 0.1988 | |||
| Maximum Drawdown | 8.62 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 2.97 |
Renault SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renault SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renault SA's standard deviation. In reality, there are many statistical measures that can use Renault SA historical prices to predict the future Renault SA's volatility.| Risk Adjusted Performance | 0.1118 | |||
| Jensen Alpha | 0.2943 | |||
| Total Risk Alpha | 0.5253 | |||
| Sortino Ratio | 0.2196 | |||
| Treynor Ratio | 0.4145 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Renault SA'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.
Renault SA Backtested Returns
Renault SA appears to be not too volatile, given 3 months investment horizon. Renault SA 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 twenty-eight technical indicators for Renault SA, which you can use to evaluate the volatility of the company. Please evaluate Renault SA's Semi Deviation of 1.47, coefficient of variation of 793.32, and Risk Adjusted Performance of 0.1118 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Renault SA holds a performance score of 9. The company holds a Beta of 0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Renault SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Renault SA is expected to be smaller as well. Please check Renault SA's potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to make a quick decision on whether Renault SA's historical price patterns will revert.
Auto-correlation | 0.01 |
Virtually no predictability
Renault SA has virtually no predictability. Overlapping area represents the amount of predictability between Renault SA time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Renault SA price movement. The serial correlation of 0.01 indicates that just 1.0% of current Renault SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Renault SA lagged returns against current returns
Autocorrelation, which is Renault SA 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 Renault SA's pink sheet expected returns. We can calculate the autocorrelation of Renault SA returns to help us make a trade decision. For example, suppose you find that Renault SA 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 |
Renault SA 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 Renault SA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renault SA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renault SA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Renault SA Lagged Returns
When evaluating Renault SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renault SA pink sheet have on its future price. Renault SA 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, Renault SA autocorrelation shows the relationship between Renault SA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Renault SA.
Regressed Prices |
| Timeline |
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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 Renault Pink Sheet Analysis
When running Renault SA's price analysis, check to measure Renault SA'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 Renault SA is operating at the current time. Most of Renault SA's value examination focuses on studying past and present price action to predict the probability of Renault SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renault SA's price. Additionally, you may evaluate how the addition of Renault SA to your portfolios can decrease your overall portfolio volatility.