RIO TINTO FIN Market Value
| 76720AAD8 | 93.17 2.03 2.23% |
| Symbol | 76720AAD8 |
76720AAD8 '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 76720AAD8's bond 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 76720AAD8.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in 76720AAD8 on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding RIO TINTO FIN or generate 0.0% return on investment in 76720AAD8 over 90 days. 76720AAD8 is related to or competes with JD Sports, Emerson Radio, Academy Sports, Hasbro, ATRenew, Mattel, and Cosan SA. More
76720AAD8 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 76720AAD8's bond 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 RIO TINTO FIN upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0364 | |||
| Maximum Drawdown | 11.29 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 1.59 |
76720AAD8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 76720AAD8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 76720AAD8's standard deviation. In reality, there are many statistical measures that can use 76720AAD8 historical prices to predict the future 76720AAD8's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | 0.226 | |||
| Treynor Ratio | 0.0724 |
RIO TINTO FIN Backtested Returns
At this point, 76720AAD8 is very steady. RIO TINTO FIN secures Sharpe Ratio (or Efficiency) of 0.036, which signifies that the bond had a 0.036 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for RIO TINTO FIN, which you can use to evaluate the volatility of the entity. Please confirm 76720AAD8's Market Risk Adjusted Performance of 0.0824, variance of 4.29, and Mean Deviation of 1.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.0377%. The bond shows a Beta (market volatility) of -0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 76720AAD8 are expected to decrease at a much lower rate. During the bear market, 76720AAD8 is likely to outperform the market.
Auto-correlation | -0.31 |
Poor reverse predictability
RIO TINTO FIN has poor reverse predictability. Overlapping area represents the amount of predictability between 76720AAD8 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 RIO TINTO FIN price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current 76720AAD8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
RIO TINTO FIN lagged returns against current returns
Autocorrelation, which is 76720AAD8 bond'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 76720AAD8's bond expected returns. We can calculate the autocorrelation of 76720AAD8 returns to help us make a trade decision. For example, suppose you find that 76720AAD8 has exhibited high autocorrelation historically, and you observe that the bond 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 |
76720AAD8 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 76720AAD8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 76720AAD8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 76720AAD8 bond over time.
Current vs Lagged Prices |
| Timeline |
76720AAD8 Lagged Returns
When evaluating 76720AAD8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 76720AAD8 bond have on its future price. 76720AAD8 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, 76720AAD8 autocorrelation shows the relationship between 76720AAD8 bond current value and its past values and can show if there is a momentum factor associated with investing in RIO TINTO FIN.
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.Other Information on Investing in 76720AAD8 Bond
76720AAD8 financial ratios help investors to determine whether 76720AAD8 Bond 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 76720AAD8 with respect to the benefits of owning 76720AAD8 security.