Resaas Services Stock Market Value
| RSS Stock | CAD 0.33 0.01 2.94% |
| Symbol | Resaas |
Resaas Services '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 Resaas Services' 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 Resaas Services.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Resaas Services on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Resaas Services or generate 0.0% return on investment in Resaas Services over 30 days. Resaas Services is related to or competes with Canaf Investments, Cogeco Communications, Quorum Information, Labrador Iron, Atrium Mortgage, and Western Investment. RESAAS Services Inc. develops cloud-based social business platform for the real estate services industry More
Resaas Services 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 Resaas Services' 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 Resaas Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.39 | |||
| Information Ratio | 0.036 | |||
| Maximum Drawdown | 41.11 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
Resaas Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Resaas Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Resaas Services' standard deviation. In reality, there are many statistical measures that can use Resaas Services historical prices to predict the future Resaas Services' volatility.| Risk Adjusted Performance | 0.042 | |||
| Jensen Alpha | 0.3359 | |||
| Total Risk Alpha | 0.1255 | |||
| Sortino Ratio | 0.0365 | |||
| Treynor Ratio | (0.63) |
Resaas Services Backtested Returns
Resaas Services appears to be out of control, given 3 months investment horizon. Resaas Services maintains Sharpe Ratio (i.e., Efficiency) of 0.0395, which implies the firm had a 0.0395 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Resaas Services, which you can use to evaluate the volatility of the company. Please evaluate Resaas Services' Risk Adjusted Performance of 0.042, semi deviation of 5.9, and Coefficient Of Variation of 2531.17 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Resaas Services holds a performance score of 3. The company holds a Beta of -0.52, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Resaas Services are expected to decrease at a much lower rate. During the bear market, Resaas Services is likely to outperform the market. Please check Resaas Services' potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Resaas Services' historical price patterns will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Resaas Services has insignificant predictability. Overlapping area represents the amount of predictability between Resaas Services time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 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 Resaas Services price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Resaas Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Resaas Services lagged returns against current returns
Autocorrelation, which is Resaas Services 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 Resaas Services' stock expected returns. We can calculate the autocorrelation of Resaas Services returns to help us make a trade decision. For example, suppose you find that Resaas Services 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 |
Resaas Services 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 Resaas Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Resaas Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Resaas Services stock over time.
Current vs Lagged Prices |
| Timeline |
Resaas Services Lagged Returns
When evaluating Resaas Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Resaas Services stock have on its future price. Resaas Services 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, Resaas Services autocorrelation shows the relationship between Resaas Services stock current value and its past values and can show if there is a momentum factor associated with investing in Resaas Services.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Resaas Stock Analysis
When running Resaas Services' price analysis, check to measure Resaas Services' 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 Resaas Services is operating at the current time. Most of Resaas Services' value examination focuses on studying past and present price action to predict the probability of Resaas Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Resaas Services' price. Additionally, you may evaluate how the addition of Resaas Services to your portfolios can decrease your overall portfolio volatility.