Redbubble Limited Stock Market Value
| RDBBF Stock | USD 0.17 0.05 22.73% |
| Symbol | Redbubble |
Redbubble '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 Redbubble's pink sheet 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 Redbubble.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Redbubble on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Redbubble Limited or generate 0.0% return on investment in Redbubble over 30 days. Redbubble is related to or competes with PDD Holdings, JD, Baozun, Global E, Sea, MercadoLibre, and Etsy. Redbubble Limited operates as an online marketplace that facilitates the sale of art and design products More
Redbubble 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 Redbubble's pink sheet 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 Redbubble Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 37.74 | |||
| Value At Risk | (16.00) | |||
| Potential Upside | 9.52 |
Redbubble Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Redbubble's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Redbubble's standard deviation. In reality, there are many statistical measures that can use Redbubble historical prices to predict the future Redbubble's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (1.60) | |||
| Treynor Ratio | 0.7546 |
Redbubble Limited Backtested Returns
Redbubble Limited maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Redbubble Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Redbubble's Variance of 44.3, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,403) to confirm the risk estimate we provide. The company holds a Beta of -0.64, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Redbubble are expected to decrease at a much lower rate. During the bear market, Redbubble is likely to outperform the market. At this point, Redbubble Limited has a negative expected return of -0.71%. Please make sure to check Redbubble's jensen alpha, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Redbubble Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Redbubble Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Redbubble time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Redbubble Limited price movement. The serial correlation of -0.01 indicates that just 1.0% of current Redbubble price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Redbubble Limited lagged returns against current returns
Autocorrelation, which is Redbubble pink sheet'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 Redbubble's pink sheet expected returns. We can calculate the autocorrelation of Redbubble returns to help us make a trade decision. For example, suppose you find that Redbubble has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Redbubble 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 Redbubble pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Redbubble pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Redbubble pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Redbubble Lagged Returns
When evaluating Redbubble's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Redbubble pink sheet have on its future price. Redbubble 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, Redbubble autocorrelation shows the relationship between Redbubble pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Redbubble Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Redbubble Pink Sheet
Redbubble financial ratios help investors to determine whether Redbubble Pink Sheet 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 Redbubble with respect to the benefits of owning Redbubble security.