Rakuten Inc Adr Stock Market Value
| RKUNY Stock | USD 6.04 0.15 2.55% |
| Symbol | Rakuten |
Rakuten '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 Rakuten'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 Rakuten.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Rakuten on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Rakuten Inc ADR or generate 0.0% return on investment in Rakuten over 510 days. Rakuten is related to or competes with Delivery Hero, Liquidity Services, Wayfair, ThredUp, EBay, Chewy, and Vipshop Holdings. Rakuten Group, Inc. offers internet services in Japan and internationally More
Rakuten 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 Rakuten'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 Rakuten Inc ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 19.87 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 3.88 |
Rakuten Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rakuten's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rakuten's standard deviation. In reality, there are many statistical measures that can use Rakuten historical prices to predict the future Rakuten's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.15) |
Rakuten Inc ADR Backtested Returns
Rakuten Inc ADR maintains Sharpe Ratio (i.e., Efficiency) of -0.0466, which implies the firm had a -0.0466% return per unit of risk over the last 3 months. Rakuten Inc ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rakuten's Coefficient Of Variation of (4,655), variance of 7.92, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of 0.47, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rakuten's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rakuten is expected to be smaller as well. At this point, Rakuten Inc ADR has a negative expected return of -0.13%. Please make sure to check Rakuten's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Rakuten Inc ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Rakuten Inc ADR has poor predictability. Overlapping area represents the amount of predictability between Rakuten time series from 20th of July 2023 to 31st of March 2024 and 31st of March 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 Rakuten Inc ADR price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Rakuten price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Rakuten Inc ADR lagged returns against current returns
Autocorrelation, which is Rakuten 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 Rakuten's pink sheet expected returns. We can calculate the autocorrelation of Rakuten returns to help us make a trade decision. For example, suppose you find that Rakuten 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 |
Rakuten 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 Rakuten pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rakuten pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rakuten pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Rakuten Lagged Returns
When evaluating Rakuten's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rakuten pink sheet have on its future price. Rakuten 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, Rakuten autocorrelation shows the relationship between Rakuten pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Rakuten Inc ADR.
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 Rakuten Pink Sheet Analysis
When running Rakuten's price analysis, check to measure Rakuten'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 Rakuten is operating at the current time. Most of Rakuten's value examination focuses on studying past and present price action to predict the probability of Rakuten's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rakuten's price. Additionally, you may evaluate how the addition of Rakuten to your portfolios can decrease your overall portfolio volatility.