Ruentex Development (Taiwan) Market Value
| 9945 Stock | TWD 42.45 0.20 0.47% |
| Symbol | Ruentex |
Ruentex Development '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 Ruentex Development'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 Ruentex Development.
| 02/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Ruentex Development on February 4, 2024 and sell it all today you would earn a total of 0.00 from holding Ruentex Development Co or generate 0.0% return on investment in Ruentex Development over 90 days. Ruentex Development is related to or competes with Chainqui Construction, BES Engineering, Zinwell, and Sincere Navigation. Ruentex Development Co., Ltd. provides construction and civil engineering contracting services in Taiwan More
Ruentex Development 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 Ruentex Development'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 Ruentex Development Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.1406 | |||
| Maximum Drawdown | 6.29 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 2.85 |
Ruentex Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ruentex Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ruentex Development's standard deviation. In reality, there are many statistical measures that can use Ruentex Development historical prices to predict the future Ruentex Development's volatility.| Risk Adjusted Performance | 0.1168 | |||
| Jensen Alpha | 0.2871 | |||
| Total Risk Alpha | 0.1703 | |||
| Sortino Ratio | 0.2177 | |||
| Treynor Ratio | 1.67 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ruentex Development'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.
Ruentex Development Backtested Returns
Ruentex Development appears to be very steady, given 3 months investment horizon. Ruentex Development maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ruentex Development, which you can use to evaluate the volatility of the company. Please evaluate Ruentex Development's Semi Deviation of 0.7561, risk adjusted performance of 0.1168, and Coefficient Of Variation of 582.72 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ruentex Development holds a performance score of 13. The company holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ruentex Development's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ruentex Development is expected to be smaller as well. Please check Ruentex Development's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Ruentex Development's historical price patterns will revert.
Auto-correlation | -0.61 |
Very good reverse predictability
Ruentex Development Co has very good reverse predictability. Overlapping area represents the amount of predictability between Ruentex Development time series from 4th of February 2024 to 20th of March 2024 and 20th of March 2024 to 4th 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 Ruentex Development price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Ruentex Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Ruentex Development lagged returns against current returns
Autocorrelation, which is Ruentex Development 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 Ruentex Development's stock expected returns. We can calculate the autocorrelation of Ruentex Development returns to help us make a trade decision. For example, suppose you find that Ruentex Development 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 |
Ruentex Development 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 Ruentex Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ruentex Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ruentex Development stock over time.
Current vs Lagged Prices |
| Timeline |
Ruentex Development Lagged Returns
When evaluating Ruentex Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ruentex Development stock have on its future price. Ruentex Development 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, Ruentex Development autocorrelation shows the relationship between Ruentex Development stock current value and its past values and can show if there is a momentum factor associated with investing in Ruentex Development Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Ruentex Development Correlation, Ruentex Development Volatility and Ruentex Development Alpha and Beta module to complement your research on Ruentex Development. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Ruentex Stock analysis
When running Ruentex Development's price analysis, check to measure Ruentex Development'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 Ruentex Development is operating at the current time. Most of Ruentex Development's value examination focuses on studying past and present price action to predict the probability of Ruentex Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ruentex Development's price. Additionally, you may evaluate how the addition of Ruentex Development to your portfolios can decrease your overall portfolio volatility.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |
Ruentex Development 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.