Renoworks Software Stock Market Value
| RW Stock | CAD 0.44 0.04 10.00% |
| 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.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Renoworks Software on April 21, 2025 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 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.
| Downside Deviation | 6.63 | |||
| Information Ratio | 0.228 | |||
| Maximum Drawdown | 25.34 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 9.52 |
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 | 0.2463 | |||
| Jensen Alpha | 1.36 | |||
| Total Risk Alpha | 0.5914 | |||
| Sortino Ratio | 0.1799 | |||
| Treynor Ratio | (5.16) |
Renoworks Software Backtested Returns
Renoworks Software is out of control given 3 months investment horizon. Renoworks Software maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the firm had a 0.22 % return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use Renoworks Software Coefficient Of Variation of 392.3, risk adjusted performance of 0.2463, and Semi Deviation of 3.39 to evaluate company specific risk that cannot be diversified away. Renoworks Software holds a performance score of 17 on a scale of zero to a hundred. The company holds a Beta of -0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Renoworks Software are expected to decrease at a much lower rate. During the bear market, Renoworks Software is likely to outperform the market. Use Renoworks Software value at risk, as well as the relationship between the skewness and day typical price , to analyze future returns on Renoworks Software.
Auto-correlation | 0.88 |
Very good predictability
Renoworks Software has very good predictability. Overlapping area represents the amount of predictability between Renoworks Software time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 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 0.88 indicates that approximately 88.0% of current Renoworks Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.9 | |
| 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.