Roctool (France) Market Value
| ALROC Stock | EUR 0.36 0.07 24.14% |
| Symbol | Roctool |
Roctool '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 Roctool'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 Roctool.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Roctool on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Roctool or generate 0.0% return on investment in Roctool over 30 days. Roctool is related to or competes with Prodways Group, Mediantechn, Jacquet Metal, Ekinops SA, and Lexibook Linguistic. RocTool S.A. provides induction heating systems, tooling hardware products, power units, and peripherals in France and i... More
Roctool 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 Roctool'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 Roctool upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 41.56 | |||
| Value At Risk | (9.38) | |||
| Potential Upside | 7.69 |
Roctool Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roctool's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roctool's standard deviation. In reality, there are many statistical measures that can use Roctool historical prices to predict the future Roctool's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.78) | |||
| Total Risk Alpha | (1.71) | |||
| Treynor Ratio | (1.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Roctool'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.
Roctool Backtested Returns
Roctool maintains Sharpe Ratio (i.e., Efficiency) of -0.0636, which implies the firm had a -0.0636% return per unit of risk over the last 3 months. Roctool exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Roctool's Variance of 40.91, coefficient of variation of (928.60), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The company holds a Beta of 0.63, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Roctool's returns are expected to increase less than the market. However, during the bear market, the loss of holding Roctool is expected to be smaller as well. At this point, Roctool has a negative expected return of -0.45%. Please make sure to check Roctool's standard deviation and the relationship between the treynor ratio and day median price , to decide if Roctool performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Roctool has very good predictability. Overlapping area represents the amount of predictability between Roctool time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Roctool price movement. The serial correlation of 0.85 indicates that around 85.0% of current Roctool price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Roctool lagged returns against current returns
Autocorrelation, which is Roctool 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 Roctool's stock expected returns. We can calculate the autocorrelation of Roctool returns to help us make a trade decision. For example, suppose you find that Roctool 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 |
Roctool 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 Roctool stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roctool stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roctool stock over time.
Current vs Lagged Prices |
| Timeline |
Roctool Lagged Returns
When evaluating Roctool's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roctool stock have on its future price. Roctool 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, Roctool autocorrelation shows the relationship between Roctool stock current value and its past values and can show if there is a momentum factor associated with investing in Roctool.
Regressed Prices |
| Timeline |
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When running Roctool's price analysis, check to measure Roctool'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 Roctool is operating at the current time. Most of Roctool's value examination focuses on studying past and present price action to predict the probability of Roctool's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roctool's price. Additionally, you may evaluate how the addition of Roctool to your portfolios can decrease your overall portfolio volatility.