Renoworks Software Stock Market Value
| RW Stock | CAD 0.22 0.01 4.35% |
| Symbol | Renoworks |
Renoworks Software Price To Book Ratio
Renoworks Software '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 Renoworks Software'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 Renoworks Software.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Renoworks Software on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Renoworks Software or generate 0.0% return on investment in Renoworks Software over 90 days. Renoworks Software is related to or competes with AirIQ, NamSys, Bewhere Holdings, and Ackroo. RenoWorks Software Inc. develops and distributes digital visualization software for the renovation and new home construc... More
Renoworks Software 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 Renoworks Software'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 Renoworks Software upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 18.95 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 3.7 |
Renoworks Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renoworks Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renoworks Software's standard deviation. In reality, there are many statistical measures that can use Renoworks Software historical prices to predict the future Renoworks Software's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (3.54) |
Renoworks Software Backtested Returns
Renoworks Software maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11 % return per unit of risk over the last 3 months. Renoworks Software exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renoworks Software's Variance of 10.22, risk adjusted performance of (0.11), and Coefficient Of Variation of (766.09) to confirm the risk estimate we provide. The company holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, Renoworks Software's returns are expected to increase less than the market. However, during the bear market, the loss of holding Renoworks Software is expected to be smaller as well. At this point, Renoworks Software has a negative expected return of -0.34%. Please make sure to check Renoworks Software's jensen alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Renoworks Software performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Renoworks Software has very weak reverse predictability. Overlapping area represents the amount of predictability between Renoworks Software time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Renoworks Software price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Renoworks Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Renoworks Software lagged returns against current returns
Autocorrelation, which is Renoworks Software 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 Renoworks Software's stock expected returns. We can calculate the autocorrelation of Renoworks Software returns to help us make a trade decision. For example, suppose you find that Renoworks Software 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 |
Renoworks Software 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 Renoworks Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renoworks Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renoworks Software stock over time.
Current vs Lagged Prices |
| Timeline |
Renoworks Software Lagged Returns
When evaluating Renoworks Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renoworks Software stock have on its future price. Renoworks Software 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, Renoworks Software autocorrelation shows the relationship between Renoworks Software stock current value and its past values and can show if there is a momentum factor associated with investing in Renoworks Software.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Renoworks Stock Analysis
When running Renoworks Software's price analysis, check to measure Renoworks Software's 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 Renoworks Software is operating at the current time. Most of Renoworks Software's value examination focuses on studying past and present price action to predict the probability of Renoworks Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renoworks Software's price. Additionally, you may evaluate how the addition of Renoworks Software to your portfolios can decrease your overall portfolio volatility.