RTX AS (Denmark) Market Value
| RTX Stock | DKK 73.00 1.00 1.39% |
| Symbol | RTX |
RTX AS '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 RTX AS'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 RTX AS.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in RTX AS on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding RTX AS or generate 0.0% return on investment in RTX AS over 90 days. RTX AS is related to or competes with NKT AS, Zealand Pharma, CBrain AS, and Columbus. RTX AS designs and develops advanced wireless short range radio systems and products in Denmark and internationally More
RTX AS 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 RTX AS'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 RTX AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.1682 | |||
| Maximum Drawdown | 11.96 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 5.07 |
RTX AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RTX AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RTX AS's standard deviation. In reality, there are many statistical measures that can use RTX AS historical prices to predict the future RTX AS's volatility.| Risk Adjusted Performance | 0.122 | |||
| Jensen Alpha | 0.2842 | |||
| Total Risk Alpha | 0.7 | |||
| Sortino Ratio | 0.2479 | |||
| Treynor Ratio | (0.55) |
RTX AS Backtested Returns
RTX AS appears to be very steady, given 3 months investment horizon. RTX AS maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15 % return per unit of risk over the last 3 months. We have found thirty technical indicators for RTX AS, which you can use to evaluate the volatility of the company. Please evaluate RTX AS's Semi Deviation of 1.64, coefficient of variation of 755.93, and Risk Adjusted Performance of 0.122 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RTX AS holds a performance score of 12. The company holds a Beta of -0.65, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning RTX AS are expected to decrease at a much lower rate. During the bear market, RTX AS is likely to outperform the market. Please check RTX AS's expected short fall, daily balance of power, and the relationship between the downside variance and kurtosis , to make a quick decision on whether RTX AS's historical price patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
RTX AS has poor reverse predictability. Overlapping area represents the amount of predictability between RTX AS time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 RTX AS price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current RTX AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 9.15 |
RTX AS lagged returns against current returns
Autocorrelation, which is RTX AS 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 RTX AS's stock expected returns. We can calculate the autocorrelation of RTX AS returns to help us make a trade decision. For example, suppose you find that RTX AS 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 |
RTX AS 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 RTX AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RTX AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RTX AS stock over time.
Current vs Lagged Prices |
| Timeline |
RTX AS Lagged Returns
When evaluating RTX AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RTX AS stock have on its future price. RTX AS 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, RTX AS autocorrelation shows the relationship between RTX AS stock current value and its past values and can show if there is a momentum factor associated with investing in RTX AS.
Regressed Prices |
| Timeline |
Pair Trading with RTX AS
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RTX AS position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RTX AS will appreciate offsetting losses from the drop in the long position's value.Moving against RTX Stock
The ability to find closely correlated positions to RTX AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RTX AS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RTX AS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RTX AS to buy it.
The correlation of RTX AS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RTX AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RTX AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RTX AS can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in RTX Stock
RTX AS financial ratios help investors to determine whether RTX 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 RTX with respect to the benefits of owning RTX AS security.