Renault SA (Germany) Market Value
| RNL Stock | EUR 47.62 0.63 1.34% |
| Symbol | Renault |
Renault SA '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 Renault SA'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 Renault SA.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Renault SA on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Renault SA or generate 0.0% return on investment in Renault SA over 30 days. Renault SA is related to or competes with MeVis Medical, EAT WELL, MTI INVESTMENT, Investment Latour, and VIRGIN WINES. Renault SA designs, manufactures, sells, and distributes vehicles in France and internationally More
Renault SA 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 Renault SA'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 Renault SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.2015 | |||
| Maximum Drawdown | 12.5 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.8 |
Renault SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renault SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renault SA's standard deviation. In reality, there are many statistical measures that can use Renault SA historical prices to predict the future Renault SA's volatility.| Risk Adjusted Performance | 0.1594 | |||
| Jensen Alpha | 0.5501 | |||
| Total Risk Alpha | 0.2353 | |||
| Sortino Ratio | 0.1991 | |||
| Treynor Ratio | (0.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Renault SA'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.
Renault SA Backtested Returns
Renault SA appears to be very steady, given 3 months investment horizon. Renault SA maintains Sharpe Ratio (i.e., Efficiency) of 0.27, which implies the firm had a 0.27% return per unit of risk over the last 3 months. By analyzing Renault SA's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please evaluate Renault SA's Risk Adjusted Performance of 0.1594, semi deviation of 1.53, and Coefficient Of Variation of 409.37 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Renault SA holds a performance score of 21. The company holds a Beta of -0.76, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Renault SA are expected to decrease at a much lower rate. During the bear market, Renault SA is likely to outperform the market. Please check Renault SA's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Renault SA's historical price patterns will revert.
Auto-correlation | -0.86 |
Excellent reverse predictability
Renault SA has excellent reverse predictability. Overlapping area represents the amount of predictability between Renault SA time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Renault SA price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Renault SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 2.11 |
Renault SA lagged returns against current returns
Autocorrelation, which is Renault SA 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 Renault SA's stock expected returns. We can calculate the autocorrelation of Renault SA returns to help us make a trade decision. For example, suppose you find that Renault SA 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 |
Renault SA 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 Renault SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renault SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renault SA stock over time.
Current vs Lagged Prices |
| Timeline |
Renault SA Lagged Returns
When evaluating Renault SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renault SA stock have on its future price. Renault SA 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, Renault SA autocorrelation shows the relationship between Renault SA stock current value and its past values and can show if there is a momentum factor associated with investing in Renault SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Renault SA Correlation, Renault SA Volatility and Renault SA Alpha and Beta module to complement your research on Renault SA. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Renault Stock analysis
When running Renault SA's price analysis, check to measure Renault SA'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 Renault SA is operating at the current time. Most of Renault SA's value examination focuses on studying past and present price action to predict the probability of Renault SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renault SA's price. Additionally, you may evaluate how the addition of Renault SA to your portfolios can decrease your overall portfolio volatility.
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Renault SA 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.