Randstad (Germany) Market Value
| RSH Stock | EUR 41.48 0.03 0.07% |
| Symbol | Randstad |
Randstad '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'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 Randstad.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Randstad on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Randstad NV or generate 0.0% return on investment in Randstad over 30 days. Randstad is related to or competes with Aedas Homes, Tri Pointe, Sporttotal, DFS Furniture, SPORT LISBOA, and NTG Nordic. Randstad N.V. provides solutions in the field of work and human resources services More
Randstad 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'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 Randstad NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 8.33 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.51 |
Randstad Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Randstad's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Randstad's standard deviation. In reality, there are many statistical measures that can use Randstad historical prices to predict the future Randstad's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.08) |
Randstad NV Backtested Returns
Randstad NV maintains Sharpe Ratio (i.e., Efficiency) of -0.009, which implies the firm had a -0.009% return per unit of risk over the last 3 months. Randstad NV exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Randstad's Coefficient Of Variation of (6,962), risk adjusted performance of (0.01), and Variance of 2.35 to confirm the risk estimate we provide. The company holds a Beta of 0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Randstad's returns are expected to increase less than the market. However, during the bear market, the loss of holding Randstad is expected to be smaller as well. At this point, Randstad NV has a negative expected return of -0.0138%. Please make sure to check Randstad's daily balance of power, price action indicator, and the relationship between the skewness and day median price , to decide if Randstad NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Randstad NV has modest reverse predictability. Overlapping area represents the amount of predictability between Randstad time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Randstad NV price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Randstad price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Randstad NV lagged returns against current returns
Autocorrelation, which is Randstad 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 Randstad's stock expected returns. We can calculate the autocorrelation of Randstad returns to help us make a trade decision. For example, suppose you find that Randstad 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 |
Randstad 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Randstad stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Randstad stock over time.
Current vs Lagged Prices |
| Timeline |
Randstad Lagged Returns
When evaluating Randstad's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Randstad stock have on its future price. Randstad 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 autocorrelation shows the relationship between Randstad stock current value and its past values and can show if there is a momentum factor associated with investing in Randstad NV.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Randstad Stock
Randstad financial ratios help investors to determine whether Randstad 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 Randstad with respect to the benefits of owning Randstad security.