Rex Trueform (South Africa) Market Value
| RTN Stock | 1,172 0.00 0.00% |
| Symbol | Rex |
Rex Trueform '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 Rex Trueform'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 Rex Trueform.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Rex Trueform on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Rex Trueform Group or generate 0.0% return on investment in Rex Trueform over 30 days. Rex Trueform is related to or competes with Harmony Gold, Frontier Transport, Life Healthcare, Kap Industrial, CA Sales, and Capitec Bank. More
Rex Trueform 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 Rex Trueform'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 Rex Trueform Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 7.44 |
Rex Trueform Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rex Trueform's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rex Trueform's standard deviation. In reality, there are many statistical measures that can use Rex Trueform historical prices to predict the future Rex Trueform's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 0.6112 |
Rex Trueform Group Backtested Returns
Rex Trueform Group maintains Sharpe Ratio (i.e., Efficiency) of -0.0958, which implies the firm had a -0.0958% return per unit of risk over the last 3 months. Rex Trueform Group exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rex Trueform's Coefficient Of Variation of (1,044), risk adjusted performance of (0.07), and Variance of 1.02 to confirm the risk estimate we provide. The company holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rex Trueform are expected to decrease at a much lower rate. During the bear market, Rex Trueform is likely to outperform the market. At this point, Rex Trueform Group has a negative expected return of -0.097%. Please make sure to check Rex Trueform's mean deviation, information ratio, kurtosis, as well as the relationship between the standard deviation and maximum drawdown , to decide if Rex Trueform Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -1 |
Near perfect reversele predictability
Rex Trueform Group has near perfect reversele predictability. Overlapping area represents the amount of predictability between Rex Trueform time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Rex Trueform Group price movement. The serial correlation of -1.0 indicates that 100.0% of current Rex Trueform price fluctuation can be explain by its past prices.
| Correlation Coefficient | -1.0 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 2.38 |
Rex Trueform Group lagged returns against current returns
Autocorrelation, which is Rex Trueform 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 Rex Trueform's stock expected returns. We can calculate the autocorrelation of Rex Trueform returns to help us make a trade decision. For example, suppose you find that Rex Trueform 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 |
Rex Trueform 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 Rex Trueform stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rex Trueform stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rex Trueform stock over time.
Current vs Lagged Prices |
| Timeline |
Rex Trueform Lagged Returns
When evaluating Rex Trueform's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rex Trueform stock have on its future price. Rex Trueform 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, Rex Trueform autocorrelation shows the relationship between Rex Trueform stock current value and its past values and can show if there is a momentum factor associated with investing in Rex Trueform Group.
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.Other Information on Investing in Rex Stock
Rex Trueform financial ratios help investors to determine whether Rex 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 Rex with respect to the benefits of owning Rex Trueform security.