Renewal Fuels Stock Market Value
Renewal Fuels' market value is the price at which a share of Renewal Fuels trades on a public exchange. It measures the collective expectations of Renewal Fuels investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Renewal Fuels and determine expected loss or profit from investing in Renewal Fuels over a given investment horizon. Check out Renewal Fuels Correlation, Renewal Fuels Volatility and Renewal Fuels Alpha and Beta module to complement your research on Renewal Fuels.
| Symbol | Renewal |
Renewal Fuels '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 Renewal Fuels' 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 Renewal Fuels.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Renewal Fuels on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Renewal Fuels or generate 0.0% return on investment in Renewal Fuels over 30 days. Renewal Fuels is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High Yield, Via Renewables, and CARPENTER. Renewal Fuels, Inc. provides various products and services for consumers and businesses in various sectors More
Renewal Fuels 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 Renewal Fuels' 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 Renewal Fuels upside and downside potential and time the market with a certain degree of confidence.
Renewal Fuels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renewal Fuels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renewal Fuels' standard deviation. In reality, there are many statistical measures that can use Renewal Fuels historical prices to predict the future Renewal Fuels' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Renewal Fuels' 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.
Renewal Fuels Backtested Returns
Renewal Fuels maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Renewal Fuels exposes zero different technical indicators, which can help you to evaluate volatility embedded in its price movement. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Renewal Fuels are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Renewal Fuels has no correlation between past and present. Overlapping area represents the amount of predictability between Renewal Fuels time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Renewal Fuels price movement. The serial correlation of 0.0 indicates that just 0.0% of current Renewal Fuels price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Renewal Fuels lagged returns against current returns
Autocorrelation, which is Renewal Fuels 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 Renewal Fuels' pink sheet expected returns. We can calculate the autocorrelation of Renewal Fuels returns to help us make a trade decision. For example, suppose you find that Renewal Fuels 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 |
Renewal Fuels 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 Renewal Fuels pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renewal Fuels pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renewal Fuels pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Renewal Fuels Lagged Returns
When evaluating Renewal Fuels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renewal Fuels pink sheet have on its future price. Renewal Fuels 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, Renewal Fuels autocorrelation shows the relationship between Renewal Fuels pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Renewal Fuels.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Renewal Pink Sheet
Renewal Fuels financial ratios help investors to determine whether Renewal Pink Sheet 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 Renewal with respect to the benefits of owning Renewal Fuels security.