Red Electrica Corporacion Stock Market Value
| RDEIY Stock | USD 8.64 0.06 0.69% |
| Symbol | Red |
Red Electrica '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 Red Electrica'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 Red Electrica.
| 12/25/2022 |
| 12/14/2024 |
If you would invest 0.00 in Red Electrica on December 25, 2022 and sell it all today you would earn a total of 0.00 from holding Red Electrica Corporacion or generate 0.0% return on investment in Red Electrica over 720 days. Red Electrica is related to or competes with Avangrid, Dominion Energy, Centrais Electricas, Enel Chile, Edison International, American Electric, and Endesa SA. Red Elctrica Corporacin, S.A. engages in the electricity transmission, and system operation and management of the transm... More
Red Electrica 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 Red Electrica'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 Red Electrica Corporacion upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 7.86 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 1.71 |
Red Electrica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Red Electrica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Red Electrica's standard deviation. In reality, there are many statistical measures that can use Red Electrica historical prices to predict the future Red Electrica's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.2843 |
Red Electrica Corporacion Backtested Returns
Red Electrica Corporacion maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Red Electrica Corporacion exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Red Electrica's Coefficient Of Variation of (867.50), variance of 1.56, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The company holds a Beta of -0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Red Electrica are expected to decrease at a much lower rate. During the bear market, Red Electrica is likely to outperform the market. At this point, Red Electrica Corporacion has a negative expected return of -0.17%. Please make sure to check Red Electrica's coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and rate of daily change , to decide if Red Electrica Corporacion performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Red Electrica Corporacion has modest reverse predictability. Overlapping area represents the amount of predictability between Red Electrica time series from 25th of December 2022 to 20th of December 2023 and 20th of December 2023 to 14th 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 Red Electrica Corporacion price movement. The serial correlation of -0.48 indicates that about 48.0% of current Red Electrica price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Red Electrica Corporacion lagged returns against current returns
Autocorrelation, which is Red Electrica 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 Red Electrica's pink sheet expected returns. We can calculate the autocorrelation of Red Electrica returns to help us make a trade decision. For example, suppose you find that Red Electrica 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 |
Red Electrica 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 Red Electrica pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Red Electrica pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Red Electrica pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Red Electrica Lagged Returns
When evaluating Red Electrica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Red Electrica pink sheet have on its future price. Red Electrica 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, Red Electrica autocorrelation shows the relationship between Red Electrica pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Red Electrica Corporacion.
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 Red Pink Sheet Analysis
When running Red Electrica's price analysis, check to measure Red Electrica'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 Red Electrica is operating at the current time. Most of Red Electrica's value examination focuses on studying past and present price action to predict the probability of Red Electrica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Electrica's price. Additionally, you may evaluate how the addition of Red Electrica to your portfolios can decrease your overall portfolio volatility.