Richmond International (Taiwan) Market Value
| 2743 Stock | TWD 153.50 2.50 1.66% |
| Symbol | Richmond |
Richmond International '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 Richmond International'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 Richmond International.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Richmond International on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Richmond International Travel or generate 0.0% return on investment in Richmond International over 30 days. Richmond International is related to or competes with Chung Hung, Wei Chih, Camellia Metal, ECOVE Environment, Forest Water, Chernan Metal, and Great China. More
Richmond International 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 Richmond International'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 Richmond International Travel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.69 | |||
| Information Ratio | 0.1223 | |||
| Maximum Drawdown | 13.11 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 8.0 |
Richmond International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Richmond International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Richmond International's standard deviation. In reality, there are many statistical measures that can use Richmond International historical prices to predict the future Richmond International's volatility.| Risk Adjusted Performance | 0.0988 | |||
| Jensen Alpha | 0.405 | |||
| Total Risk Alpha | 0.1877 | |||
| Sortino Ratio | 0.1393 | |||
| Treynor Ratio | 1.12 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Richmond International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Richmond International Backtested Returns
Richmond International appears to be very steady, given 3 months investment horizon. Richmond International maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Richmond International, which you can use to evaluate the volatility of the company. Please evaluate Richmond International's Risk Adjusted Performance of 0.0988, coefficient of variation of 705.78, and Semi Deviation of 2.15 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Richmond International holds a performance score of 11. The company holds a Beta of 0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Richmond International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Richmond International is expected to be smaller as well. Please check Richmond International's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Richmond International's historical price patterns will revert.
Auto-correlation | 0.65 |
Good predictability
Richmond International Travel has good predictability. Overlapping area represents the amount of predictability between Richmond International time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Richmond International price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Richmond International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 211.9 |
Richmond International lagged returns against current returns
Autocorrelation, which is Richmond International 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 Richmond International's stock expected returns. We can calculate the autocorrelation of Richmond International returns to help us make a trade decision. For example, suppose you find that Richmond International 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 |
Richmond International 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 Richmond International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Richmond International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Richmond International stock over time.
Current vs Lagged Prices |
| Timeline |
Richmond International Lagged Returns
When evaluating Richmond International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Richmond International stock have on its future price. Richmond International 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, Richmond International autocorrelation shows the relationship between Richmond International stock current value and its past values and can show if there is a momentum factor associated with investing in Richmond International Travel.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Richmond International Correlation, Richmond International Volatility and Richmond International Alpha and Beta module to complement your research on Richmond International. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Richmond Stock analysis
When running Richmond International's price analysis, check to measure Richmond International'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 Richmond International is operating at the current time. Most of Richmond International's value examination focuses on studying past and present price action to predict the probability of Richmond International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Richmond International's price. Additionally, you may evaluate how the addition of Richmond International to your portfolios can decrease your overall portfolio volatility.
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Richmond International technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.