Resaas Services Stock Market Value
| RSS Stock | CAD 0.28 0.02 7.69% |
| Symbol | Resaas |
Resaas Services Price To Book Ratio
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.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Resaas Services on November 5, 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 60 days. Resaas Services is related to or competes with Micron Technology,, Canadian Imperial, Laurentian Bank, Questor Technology, Broadcom, IA Financial, and Queens Road. 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.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 33.85 | |||
| Value At Risk | (9.68) | |||
| Potential Upside | 10.0 |
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) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (1.99) |
Resaas Services Backtested Returns
Resaas Services maintains Sharpe Ratio (i.e., Efficiency) of -0.018, which implies the firm had a -0.018% return per unit of risk over the last 3 months. Resaas Services exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Resaas Services' insignificant Risk Adjusted Performance, coefficient of variation of (5,981), and Variance of 46.38 to confirm the risk estimate we provide. The company holds a Beta of 0.0624, which implies not very significant fluctuations relative to the market. As returns on the market increase, Resaas Services' returns are expected to increase less than the market. However, during the bear market, the loss of holding Resaas Services is expected to be smaller as well. At this point, Resaas Services has a negative expected return of -0.13%. Please make sure to check Resaas Services' total risk alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Resaas Services performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Resaas Services has virtually no predictability. Overlapping area represents the amount of predictability between Resaas Services time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 0.01 indicates that just 1.0% of current Resaas Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.57 | |
| 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.