Relx PLC (Germany) Market Value
| RDED Stock | EUR 43.60 0.60 1.36% |
| Symbol | Relx |
Relx PLC '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 Relx PLC'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 Relx PLC.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Relx PLC on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Relx PLC ADR or generate 0.0% return on investment in Relx PLC over 60 days. Relx PLC is related to or competes with RELX PLC, Wolters Kluwer, WOLTERS KLUWER, Informa PLC, Pearson Plc, and Pearson Plc. RELX PLC provides information based-analytics and decision tools for professional and business customers in the United S... More
Relx PLC 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 Relx PLC'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 Relx PLC ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 7.0 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 2.75 |
Relx PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Relx PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Relx PLC's standard deviation. In reality, there are many statistical measures that can use Relx PLC historical prices to predict the future Relx PLC's volatility.| Risk Adjusted Performance | 0.0217 | |||
| Jensen Alpha | 0.0157 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1083 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Relx PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Relx PLC ADR Backtested Returns
At this point, Relx PLC is very steady. Relx PLC ADR maintains Sharpe Ratio (i.e., Efficiency) of 0.0065, which implies the firm had a 0.0065% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Relx PLC ADR, which you can use to evaluate the volatility of the company. Please check Relx PLC's Coefficient Of Variation of 4481.54, risk adjusted performance of 0.0217, and Semi Deviation of 1.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.0086%. The company holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, Relx PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Relx PLC is expected to be smaller as well. Relx PLC ADR right now holds a risk of 1.32%. Please check Relx PLC ADR sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Relx PLC ADR will be following its historical price patterns.
Auto-correlation | 0.08 |
Virtually no predictability
Relx PLC ADR has virtually no predictability. Overlapping area represents the amount of predictability between Relx PLC time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Relx PLC ADR price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Relx PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Relx PLC ADR lagged returns against current returns
Autocorrelation, which is Relx PLC 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 Relx PLC's stock expected returns. We can calculate the autocorrelation of Relx PLC returns to help us make a trade decision. For example, suppose you find that Relx PLC 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 |
Relx PLC 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 Relx PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Relx PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Relx PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Relx PLC Lagged Returns
When evaluating Relx PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Relx PLC stock have on its future price. Relx PLC 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, Relx PLC autocorrelation shows the relationship between Relx PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Relx PLC ADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Relx Stock
When determining whether Relx PLC ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Relx PLC's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Relx Plc Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Relx Plc Adr Stock:Check out Relx PLC Correlation, Relx PLC Volatility and Relx PLC Alpha and Beta module to complement your research on Relx PLC. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Relx PLC technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.