Rede DOr (Brazil) Market Value
| RDOR3 Stock | BRL 27.65 0.53 1.95% |
| Symbol | Rede |
Rede DOr '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 Rede DOr'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 Rede DOr.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Rede DOr on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Rede DOr So or generate 0.0% return on investment in Rede DOr over 480 days. Rede DOr is related to or competes with Pet Center, Hapvida Participaes, Natura Co, Banco BTG, and Mliuz SA. Rede DOr So Luiz S.A. operates a network of hospitals in Brazil More
Rede DOr 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 Rede DOr'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 Rede DOr So upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 7.81 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 2.54 |
Rede DOr Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rede DOr's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rede DOr's standard deviation. In reality, there are many statistical measures that can use Rede DOr historical prices to predict the future Rede DOr's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (1.42) |
Rede DOr So Backtested Returns
Rede DOr So maintains Sharpe Ratio (i.e., Efficiency) of -0.19, which implies the firm had a -0.19% return per unit of risk over the last 3 months. Rede DOr So exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rede DOr's Variance of 2.49, risk adjusted performance of (0.12), and Coefficient Of Variation of (581.75) to confirm the risk estimate we provide. The company holds a Beta of 0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rede DOr's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rede DOr is expected to be smaller as well. At this point, Rede DOr So has a negative expected return of -0.31%. Please make sure to check Rede DOr's value at risk, accumulation distribution, and the relationship between the treynor ratio and skewness , to decide if Rede DOr So performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Rede DOr So has poor predictability. Overlapping area represents the amount of predictability between Rede DOr time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Rede DOr So price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Rede DOr price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 6.26 |
Rede DOr So lagged returns against current returns
Autocorrelation, which is Rede DOr 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 Rede DOr's stock expected returns. We can calculate the autocorrelation of Rede DOr returns to help us make a trade decision. For example, suppose you find that Rede DOr 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 |
Rede DOr 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 Rede DOr stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rede DOr stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rede DOr stock over time.
Current vs Lagged Prices |
| Timeline |
Rede DOr Lagged Returns
When evaluating Rede DOr's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rede DOr stock have on its future price. Rede DOr 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, Rede DOr autocorrelation shows the relationship between Rede DOr stock current value and its past values and can show if there is a momentum factor associated with investing in Rede DOr So.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Rede Stock Analysis
When running Rede DOr's price analysis, check to measure Rede DOr's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rede DOr is operating at the current time. Most of Rede DOr's value examination focuses on studying past and present price action to predict the probability of Rede DOr's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rede DOr's price. Additionally, you may evaluate how the addition of Rede DOr to your portfolios can decrease your overall portfolio volatility.