Randstad Holdings Nv Stock Market Value
| RANJY Stock | USD 24.57 0.19 0.78% |
| Symbol | Randstad |
Randstad Holdings '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 Randstad Holdings' 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 Randstad Holdings.
| 05/21/2024 |
| 06/20/2024 |
If you would invest 0.00 in Randstad Holdings on May 21, 2024 and sell it all today you would earn a total of 0.00 from holding Randstad Holdings NV or generate 0.0% return on investment in Randstad Holdings over 30 days. Randstad Holdings is related to or competes with Kelly Services, Ziprecruiter, Robert Half, Upwork, Caldwell Partners, Adecco, and Randstad Holdings. Randstad N.V. provides solutions in the field of work and human resources services More
Randstad Holdings 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 Randstad Holdings' 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 Randstad Holdings NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.87 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.45 |
Randstad Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Randstad Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Randstad Holdings' standard deviation. In reality, there are many statistical measures that can use Randstad Holdings historical prices to predict the future Randstad Holdings' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Randstad Holdings' 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.
Randstad Holdings Backtested Returns
Randstad Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.0559, which implies the firm had a -0.0559% return per unit of risk over the last 3 months. Randstad Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Randstad Holdings' Variance of 3.27, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,300) to confirm the risk estimate we provide. The company holds a Beta of 0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Randstad Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Randstad Holdings is expected to be smaller as well. At this point, Randstad Holdings has a negative expected return of -0.1%. Please make sure to check Randstad Holdings' total risk alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and relative strength index , to decide if Randstad Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Randstad Holdings NV has good predictability. Overlapping area represents the amount of predictability between Randstad Holdings time series from 21st of May 2024 to 5th of June 2024 and 5th of June 2024 to 20th of June 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 Randstad Holdings price movement. The serial correlation of 0.74 indicates that around 74.0% of current Randstad Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Randstad Holdings lagged returns against current returns
Autocorrelation, which is Randstad Holdings 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 Randstad Holdings' pink sheet expected returns. We can calculate the autocorrelation of Randstad Holdings returns to help us make a trade decision. For example, suppose you find that Randstad Holdings 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 |
Randstad Holdings 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 Randstad Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Randstad Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Randstad Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Randstad Holdings Lagged Returns
When evaluating Randstad Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Randstad Holdings pink sheet have on its future price. Randstad Holdings 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, Randstad Holdings autocorrelation shows the relationship between Randstad Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Randstad Holdings NV.
Regressed Prices |
| Timeline |
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Additional Tools for Randstad Pink Sheet Analysis
When running Randstad Holdings' price analysis, check to measure Randstad Holdings' 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 Randstad Holdings is operating at the current time. Most of Randstad Holdings' value examination focuses on studying past and present price action to predict the probability of Randstad Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Randstad Holdings' price. Additionally, you may evaluate how the addition of Randstad Holdings to your portfolios can decrease your overall portfolio volatility.