Realord Group (Germany) Market Value
| CUV Stock | EUR 0.62 0.01 1.59% |
| Symbol | Realord |
Realord 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 Realord 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 Realord Group.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Realord Group on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Realord Group Holdings or generate 0.0% return on investment in Realord Group over 30 days. Realord Group is related to or competes with Superior Plus, Origin Agritech, Identiv, INTUITIVE SURGICAL, Intel, and Volkswagen. Realord Group Holdings Limited, an investment holding company, engages in the commercial printing, hangtag, motor vehicl... More
Realord 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 Realord 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 Realord Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.25 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.64 |
Realord Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Realord Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Realord Group's standard deviation. In reality, there are many statistical measures that can use Realord Group historical prices to predict the future Realord Group's volatility.| Risk Adjusted Performance | 0.0222 | |||
| Jensen Alpha | 0.0068 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1308 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Realord Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Realord Group Holdings Backtested Returns
We consider Realord Group out of control. Realord Group Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.0049, which implies the firm had a 0.0049% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Realord Group Holdings, which you can use to evaluate the volatility of the company. Please check Realord Group's Coefficient Of Variation of 3375.54, risk adjusted performance of 0.0222, and Semi Deviation of 0.7457 to confirm if the risk estimate we provide is consistent with the expected return of 0.0049%. The company holds a Beta of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, Realord Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Realord Group is expected to be smaller as well. Realord Group Holdings right now holds a risk of 1.0%. Please check Realord Group Holdings information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to decide if Realord Group Holdings will be following its historical price patterns.
Auto-correlation | 0.68 |
Good predictability
Realord Group Holdings has good predictability. Overlapping area represents the amount of predictability between Realord Group time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Realord Group Holdings price movement. The serial correlation of 0.68 indicates that around 68.0% of current Realord Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Realord Group Holdings lagged returns against current returns
Autocorrelation, which is Realord 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 Realord Group's stock expected returns. We can calculate the autocorrelation of Realord Group returns to help us make a trade decision. For example, suppose you find that Realord 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 |
| Timeline |
Realord 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 Realord Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Realord Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Realord Group stock over time.
Current vs Lagged Prices |
| Timeline |
Realord Group Lagged Returns
When evaluating Realord Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Realord Group stock have on its future price. Realord 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, Realord Group autocorrelation shows the relationship between Realord Group stock current value and its past values and can show if there is a momentum factor associated with investing in Realord Group Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Realord Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Realord Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Realord Group will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Realord Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Realord Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Realord Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Realord Group Holdings to buy it.
The correlation of Realord Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Realord Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Realord Group Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Realord Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Realord Group Correlation, Realord Group Volatility and Realord Group Alpha and Beta module to complement your research on Realord Group. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Realord Stock analysis
When running Realord Group's price analysis, check to measure Realord Group'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 Realord Group is operating at the current time. Most of Realord Group's value examination focuses on studying past and present price action to predict the probability of Realord Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Realord Group's price. Additionally, you may evaluate how the addition of Realord Group to your portfolios can decrease your overall portfolio volatility.
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Realord 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.