Rex Trueform's market value is the price at which a share of Rex Trueform trades on a public exchange. It measures the collective expectations of Rex Trueform Group investors about its performance. Rex Trueform is trading at 1127.00 as of the 10th of January 2025, a No Change since the beginning of the trading day. The stock's lowest day price was 1127.0. With this module, you can estimate the performance of a buy and hold strategy of Rex Trueform Group and determine expected loss or profit from investing in Rex Trueform over a given investment horizon. Check out Rex Trueform Correlation, Rex Trueform Volatility and Rex Trueform Alpha and Beta module to complement your research on Rex Trueform.
Please note, there is a significant difference between Rex Trueform's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rex Trueform is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rex Trueform's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Rex Trueform '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 Rex Trueform'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 Rex Trueform.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Rex Trueform'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 Rex Trueform Group upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rex Trueform's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rex Trueform's standard deviation. In reality, there are many statistical measures that can use Rex Trueform historical prices to predict the future Rex Trueform's volatility.
At this point, Rex Trueform is very steady. Rex Trueform Group maintains Sharpe Ratio (i.e., Efficiency) of 0.0428, which implies the firm had a 0.0428% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Rex Trueform Group, which you can use to evaluate the volatility of the company. Please check Rex Trueform's Variance of 0.0012, risk adjusted performance of (0.19), and Coefficient Of Variation of 2337.13 to confirm if the risk estimate we provide is consistent with the expected return of 0.0015%. Rex Trueform has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of -0.007, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rex Trueform are expected to decrease at a much lower rate. During the bear market, Rex Trueform is likely to outperform the market. Rex Trueform Group right now holds a risk of 0.0346%. Please check Rex Trueform Group mean deviation, information ratio, kurtosis, as well as the relationship between the standard deviation and maximum drawdown , to decide if Rex Trueform Group will be following its historical price patterns.
Auto-correlation
0.64
Good predictability
Rex Trueform Group has good predictability. Overlapping area represents the amount of predictability between Rex Trueform time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th 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 Rex Trueform Group price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Rex Trueform price fluctuation can be explain by its past prices.
Correlation Coefficient
0.64
Spearman Rank Test
0.63
Residual Average
0.0
Price Variance
151.18
Rex Trueform Group lagged returns against current returns
Autocorrelation, which is Rex Trueform 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 Rex Trueform's stock expected returns. We can calculate the autocorrelation of Rex Trueform returns to help us make a trade decision. For example, suppose you find that Rex Trueform 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
Rex Trueform 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 Rex Trueform stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rex Trueform stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rex Trueform stock over time.
Current vs Lagged Prices
Timeline
Rex Trueform Lagged Returns
When evaluating Rex Trueform's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rex Trueform stock have on its future price. Rex Trueform 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, Rex Trueform autocorrelation shows the relationship between Rex Trueform stock current value and its past values and can show if there is a momentum factor associated with investing in Rex Trueform Group.
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.
Rex Trueform financial ratios help investors to determine whether Rex 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 Rex with respect to the benefits of owning Rex Trueform security.