RADIANCE HLDGS (Germany) Market Value
| RDH Stock | EUR 0.37 0.02 5.71% |
| Symbol | RADIANCE |
RADIANCE HLDGS '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 RADIANCE HLDGS'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 RADIANCE HLDGS.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in RADIANCE HLDGS on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding RADIANCE HLDGS GRPHD 01 or generate 0.0% return on investment in RADIANCE HLDGS over 240 days. RADIANCE HLDGS is related to or competes with Bank of America, Ross Stores, RETAIL FOOD, Singapore Telecommunicatio, BURLINGTON STORES, Entravision Communications, and MARKET VECTR. Radiance Holdings Company Limited operates as a real estate development company in China More
RADIANCE HLDGS 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 RADIANCE HLDGS'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 RADIANCE HLDGS GRPHD 01 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.13 | |||
| Information Ratio | 0.0911 | |||
| Maximum Drawdown | 57.3 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 12.82 |
RADIANCE HLDGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RADIANCE HLDGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RADIANCE HLDGS's standard deviation. In reality, there are many statistical measures that can use RADIANCE HLDGS historical prices to predict the future RADIANCE HLDGS's volatility.| Risk Adjusted Performance | 0.0842 | |||
| Jensen Alpha | 0.7733 | |||
| Total Risk Alpha | 0.5791 | |||
| Sortino Ratio | 0.0989 | |||
| Treynor Ratio | 0.3464 |
RADIANCE HLDGS GRPHD Backtested Returns
RADIANCE HLDGS appears to be out of control, given 3 months investment horizon. RADIANCE HLDGS GRPHD maintains Sharpe Ratio (i.e., Efficiency) of 0.0891, which implies the company had a 0.0891% return per unit of volatility over the last 3 months. By examining RADIANCE HLDGS's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please evaluate RADIANCE HLDGS's market risk adjusted performance of 0.3564, and Coefficient Of Variation of 1055.45 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RADIANCE HLDGS holds a performance score of 7. The firm holds a Beta of 2.39, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, RADIANCE HLDGS will likely underperform. Please check RADIANCE HLDGS's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether RADIANCE HLDGS's historical price patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
RADIANCE HLDGS GRPHD 01 has poor predictability. Overlapping area represents the amount of predictability between RADIANCE HLDGS time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 RADIANCE HLDGS GRPHD price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current RADIANCE HLDGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
RADIANCE HLDGS GRPHD lagged returns against current returns
Autocorrelation, which is RADIANCE HLDGS 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 RADIANCE HLDGS's stock expected returns. We can calculate the autocorrelation of RADIANCE HLDGS returns to help us make a trade decision. For example, suppose you find that RADIANCE HLDGS 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 |
RADIANCE HLDGS 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 RADIANCE HLDGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RADIANCE HLDGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RADIANCE HLDGS stock over time.
Current vs Lagged Prices |
| Timeline |
RADIANCE HLDGS Lagged Returns
When evaluating RADIANCE HLDGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RADIANCE HLDGS stock have on its future price. RADIANCE HLDGS 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, RADIANCE HLDGS autocorrelation shows the relationship between RADIANCE HLDGS stock current value and its past values and can show if there is a momentum factor associated with investing in RADIANCE HLDGS GRPHD 01.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in RADIANCE Stock
RADIANCE HLDGS financial ratios help investors to determine whether RADIANCE 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 RADIANCE with respect to the benefits of owning RADIANCE HLDGS security.