RBC Bearings (Germany) Market Value
| B1X Stock | EUR 320.00 2.00 0.62% |
| Symbol | RBC |
RBC Bearings '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 RBC Bearings' 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 RBC Bearings.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in RBC Bearings on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding RBC Bearings Incorporated or generate 0.0% return on investment in RBC Bearings over 180 days. RBC Bearings is related to or competes with Lincoln Electric, AB SKF, MISUMI GROUP, Makita. RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe... More
RBC Bearings 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 RBC Bearings' 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 RBC Bearings Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.0851 | |||
| Maximum Drawdown | 12.04 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 3.05 |
RBC Bearings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RBC Bearings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RBC Bearings' standard deviation. In reality, there are many statistical measures that can use RBC Bearings historical prices to predict the future RBC Bearings' volatility.| Risk Adjusted Performance | 0.132 | |||
| Jensen Alpha | 0.0863 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0855 | |||
| Treynor Ratio | 0.1865 |
RBC Bearings Backtested Returns
RBC Bearings appears to be very steady, given 3 months investment horizon. RBC Bearings retains Efficiency (Sharpe Ratio) of 0.17, which implies the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for RBC Bearings, which you can use to evaluate the volatility of the entity. Please evaluate RBC Bearings' market risk adjusted performance of 0.1965, and Semi Deviation of 1.13 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RBC Bearings holds a performance score of 13. The firm owns a Beta (Systematic Risk) of 1.47, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, RBC Bearings will likely underperform. Please check RBC Bearings' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether RBC Bearings' current price history will revert.
Auto-correlation | 0.06 |
Virtually no predictability
RBC Bearings Incorporated has virtually no predictability. Overlapping area represents the amount of predictability between RBC Bearings time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 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 RBC Bearings price movement. The serial correlation of 0.06 indicates that barely 6.0% of current RBC Bearings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 415.37 |
RBC Bearings lagged returns against current returns
Autocorrelation, which is RBC Bearings 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 RBC Bearings' stock expected returns. We can calculate the autocorrelation of RBC Bearings returns to help us make a trade decision. For example, suppose you find that RBC Bearings 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 |
RBC Bearings 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 RBC Bearings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RBC Bearings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RBC Bearings stock over time.
Current vs Lagged Prices |
| Timeline |
RBC Bearings Lagged Returns
When evaluating RBC Bearings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RBC Bearings stock have on its future price. RBC Bearings 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, RBC Bearings autocorrelation shows the relationship between RBC Bearings stock current value and its past values and can show if there is a momentum factor associated with investing in RBC Bearings Incorporated.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in RBC Stock
When determining whether RBC Bearings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of RBC Bearings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Rbc Bearings Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rbc Bearings Incorporated Stock:Check out RBC Bearings Correlation, RBC Bearings Volatility and RBC Bearings Alpha and Beta module to complement your research on RBC Bearings. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
RBC Bearings 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.