Reinsurance Group (Germany) Market Value
| RGPB Stock | EUR 216.00 2.00 0.92% |
| Symbol | Reinsurance |
Reinsurance 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 Reinsurance 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 Reinsurance Group.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Reinsurance Group on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Reinsurance Group of or generate 0.0% return on investment in Reinsurance Group over 240 days. Reinsurance Group is related to or competes with MUENCHRUECKUNSADR, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and Talanx AG. Reinsurance Group of America, Incorporated engages in reinsurance business More
Reinsurance 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 Reinsurance 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 Reinsurance Group of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.0041 | |||
| Maximum Drawdown | 11.74 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 3.34 |
Reinsurance Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reinsurance Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reinsurance Group's standard deviation. In reality, there are many statistical measures that can use Reinsurance Group historical prices to predict the future Reinsurance Group's volatility.| Risk Adjusted Performance | 0.0581 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0038 | |||
| Treynor Ratio | 0.0876 |
Reinsurance Group Backtested Returns
At this point, Reinsurance Group is very steady. Reinsurance Group maintains Sharpe Ratio (i.e., Efficiency) of 0.0716, which implies the firm had a 0.0716% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Reinsurance Group, which you can use to evaluate the volatility of the company. Please check Reinsurance Group's Coefficient Of Variation of 1481.32, semi deviation of 1.9, and Risk Adjusted Performance of 0.0581 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Reinsurance Group has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of 1.56, 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, Reinsurance Group will likely underperform. Reinsurance Group right now holds a risk of 2.18%. Please check Reinsurance Group information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Reinsurance Group will be following its historical price patterns.
Auto-correlation | 0.77 |
Good predictability
Reinsurance Group of has good predictability. Overlapping area represents the amount of predictability between Reinsurance Group time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd 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 Reinsurance Group price movement. The serial correlation of 0.77 indicates that around 77.0% of current Reinsurance Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 112.76 |
Reinsurance Group lagged returns against current returns
Autocorrelation, which is Reinsurance 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 Reinsurance Group's stock expected returns. We can calculate the autocorrelation of Reinsurance Group returns to help us make a trade decision. For example, suppose you find that Reinsurance 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 |
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Reinsurance 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 Reinsurance Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reinsurance Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reinsurance Group stock over time.
Current vs Lagged Prices |
| Timeline |
Reinsurance Group Lagged Returns
When evaluating Reinsurance Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reinsurance Group stock have on its future price. Reinsurance 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, Reinsurance Group autocorrelation shows the relationship between Reinsurance Group stock current value and its past values and can show if there is a momentum factor associated with investing in Reinsurance Group of.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Reinsurance Stock
When determining whether Reinsurance Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Reinsurance Group'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 Reinsurance Group Of Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Reinsurance Group Of Stock:Check out Reinsurance Group Correlation, Reinsurance Group Volatility and Reinsurance Group Alpha and Beta module to complement your research on Reinsurance Group. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Reinsurance Group 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.