RANPAK HLD (Germany) Market Value
| 0ZA Stock | EUR 4.06 0.00 0.00% |
| Symbol | RANPAK |
RANPAK HLD '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 RANPAK HLD'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 RANPAK HLD.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in RANPAK HLD on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding RANPAK HLD CLA or generate 0.0% return on investment in RANPAK HLD over 30 days. RANPAK HLD is related to or competes with Aozora Bank, REVO INSURANCE, Charter Communications, CVW CLEANTECH, JSC Halyk, QBE Insurance, and Cleanaway Waste. Ranpak Holdings Corp., together with its subsidiaries, provide product protection solutions for e-commerce and industria... More
RANPAK HLD 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 RANPAK HLD'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 RANPAK HLD CLA upside and downside potential and time the market with a certain degree of confidence.
RANPAK HLD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RANPAK HLD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RANPAK HLD's standard deviation. In reality, there are many statistical measures that can use RANPAK HLD historical prices to predict the future RANPAK HLD's volatility.RANPAK HLD CLA Backtested Returns
We have found three technical indicators for RANPAK HLD CLA, which you can use to evaluate the volatility of the entity. The firm holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and RANPAK HLD are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
RANPAK HLD CLA has no correlation between past and present. Overlapping area represents the amount of predictability between RANPAK HLD time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 RANPAK HLD CLA price movement. The serial correlation of 0.0 indicates that just 0.0% of current RANPAK HLD price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
RANPAK HLD CLA lagged returns against current returns
Autocorrelation, which is RANPAK HLD 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 RANPAK HLD's stock expected returns. We can calculate the autocorrelation of RANPAK HLD returns to help us make a trade decision. For example, suppose you find that RANPAK HLD 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 |
RANPAK HLD 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 RANPAK HLD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RANPAK HLD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RANPAK HLD stock over time.
Current vs Lagged Prices |
| Timeline |
RANPAK HLD Lagged Returns
When evaluating RANPAK HLD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RANPAK HLD stock have on its future price. RANPAK HLD 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, RANPAK HLD autocorrelation shows the relationship between RANPAK HLD stock current value and its past values and can show if there is a momentum factor associated with investing in RANPAK HLD CLA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in RANPAK Stock
RANPAK HLD financial ratios help investors to determine whether RANPAK 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 RANPAK with respect to the benefits of owning RANPAK HLD security.