Renrenle Commercial (China) Market Value
| 002336 Stock | 6.33 0.30 4.98% |
| Symbol | Renrenle |
Renrenle Commercial '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 Renrenle Commercial'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 Renrenle Commercial.
| 09/28/2024 |
| 12/27/2024 |
If you would invest 0.00 in Renrenle Commercial on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Renrenle Commercial Group or generate 0.0% return on investment in Renrenle Commercial over 90 days. Renrenle Commercial is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, China Mobile, Ping An, and Shanghai Pudong. Renrenle Commercial is entity of China. It is traded as Stock on SHE exchange. More
Renrenle Commercial 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 Renrenle Commercial'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 Renrenle Commercial Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.3368 | |||
| Maximum Drawdown | 10.18 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 5.06 |
Renrenle Commercial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renrenle Commercial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renrenle Commercial's standard deviation. In reality, there are many statistical measures that can use Renrenle Commercial historical prices to predict the future Renrenle Commercial's volatility.| Risk Adjusted Performance | 0.287 | |||
| Jensen Alpha | 1.21 | |||
| Total Risk Alpha | 1.05 | |||
| Sortino Ratio | 0.3819 | |||
| Treynor Ratio | 1.48 |
Renrenle Commercial Backtested Returns
Renrenle Commercial is slightly risky given 3 months investment horizon. Renrenle Commercial maintains Sharpe Ratio (i.e., Efficiency) of 0.34, which implies the firm had a 0.34% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.26% are justified by taking the suggested risk. Use Renrenle Commercial Risk Adjusted Performance of 0.287, semi deviation of 2.6, and Coefficient Of Variation of 284.33 to evaluate company specific risk that cannot be diversified away. Renrenle Commercial holds a performance score of 27 on a scale of zero to a hundred. The company holds a Beta of 0.84, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Renrenle Commercial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Renrenle Commercial is expected to be smaller as well. Use Renrenle Commercial semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to analyze future returns on Renrenle Commercial.
Auto-correlation | 0.88 |
Very good predictability
Renrenle Commercial Group has very good predictability. Overlapping area represents the amount of predictability between Renrenle Commercial time series from 28th of September 2024 to 12th of November 2024 and 12th of November 2024 to 27th of December 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 Renrenle Commercial price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Renrenle Commercial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Renrenle Commercial lagged returns against current returns
Autocorrelation, which is Renrenle Commercial 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 Renrenle Commercial's stock expected returns. We can calculate the autocorrelation of Renrenle Commercial returns to help us make a trade decision. For example, suppose you find that Renrenle Commercial 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 |
Renrenle Commercial 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 Renrenle Commercial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renrenle Commercial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renrenle Commercial stock over time.
Current vs Lagged Prices |
| Timeline |
Renrenle Commercial Lagged Returns
When evaluating Renrenle Commercial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renrenle Commercial stock have on its future price. Renrenle Commercial 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, Renrenle Commercial autocorrelation shows the relationship between Renrenle Commercial stock current value and its past values and can show if there is a momentum factor associated with investing in Renrenle Commercial Group.
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 Renrenle Stock
Renrenle Commercial financial ratios help investors to determine whether Renrenle Stock 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 Renrenle with respect to the benefits of owning Renrenle Commercial security.