RELO GROUP (Germany) Market Value
| 665 Stock | EUR 11.60 0.30 2.52% |
| Symbol | RELO |
RELO GROUP '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 RELO GROUP'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 RELO GROUP.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in RELO GROUP on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding RELO GROUP INC or generate 0.0% return on investment in RELO GROUP over 30 days. RELO GROUP is related to or competes with Cintas, Superior Plus, SIVERS SEMICONDUCTORS, NorAm Drilling, Norsk Hydro, and Reliance Steel. Relo Group, Inc. provides corporate fringe benefit outsourcing services in Japan More
RELO GROUP 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 RELO GROUP'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 RELO GROUP INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.02 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 2.94 |
RELO GROUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RELO GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RELO GROUP's standard deviation. In reality, there are many statistical measures that can use RELO GROUP historical prices to predict the future RELO GROUP's volatility.| Risk Adjusted Performance | 0.0233 | |||
| Jensen Alpha | 0.0426 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 3.29 |
RELO GROUP INC Backtested Returns
At this point, RELO GROUP is not too volatile. RELO GROUP INC maintains Sharpe Ratio (i.e., Efficiency) of 3.0E-4, which implies the firm had a 3.0E-4% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for RELO GROUP INC, which you can use to evaluate the volatility of the company. Please check RELO GROUP's semi deviation of 1.82, and Risk Adjusted Performance of 0.0233 to confirm if the risk estimate we provide is consistent with the expected return of 6.0E-4%. The company holds a Beta of 0.0133, which implies not very significant fluctuations relative to the market. As returns on the market increase, RELO GROUP's returns are expected to increase less than the market. However, during the bear market, the loss of holding RELO GROUP is expected to be smaller as well. RELO GROUP INC currently holds a risk of 2.35%. Please check RELO GROUP INC coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if RELO GROUP INC will be following its historical price patterns.
Auto-correlation | 0.28 |
Poor predictability
RELO GROUP INC has poor predictability. Overlapping area represents the amount of predictability between RELO GROUP time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 RELO GROUP INC price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current RELO GROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
RELO GROUP INC lagged returns against current returns
Autocorrelation, which is RELO GROUP 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 RELO GROUP's stock expected returns. We can calculate the autocorrelation of RELO GROUP returns to help us make a trade decision. For example, suppose you find that RELO GROUP 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 |
RELO GROUP 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 RELO GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RELO GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RELO GROUP stock over time.
Current vs Lagged Prices |
| Timeline |
RELO GROUP Lagged Returns
When evaluating RELO GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RELO GROUP stock have on its future price. RELO GROUP 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, RELO GROUP autocorrelation shows the relationship between RELO GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in RELO GROUP INC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in RELO Stock
RELO GROUP financial ratios help investors to determine whether RELO 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 RELO with respect to the benefits of owning RELO GROUP security.