Roku (Germany) Market Value
| R35 Stock | EUR 65.85 0.35 0.53% |
| Symbol | Roku |
Roku '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 Roku'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 Roku.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Roku on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Roku Inc or generate 0.0% return on investment in Roku over 270 days. Roku is related to or competes with Comcast, Liberty Broadband, Liberty Broadband, WideOpenWest, and Sporttotal. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, an... More
Roku 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 Roku'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 Roku Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.12 | |||
| Information Ratio | 0.0523 | |||
| Maximum Drawdown | 25.84 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 7.41 |
Roku Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roku's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roku's standard deviation. In reality, there are many statistical measures that can use Roku historical prices to predict the future Roku's volatility.| Risk Adjusted Performance | 0.0743 | |||
| Jensen Alpha | 0.3097 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0485 | |||
| Treynor Ratio | 3.48 |
Roku Inc Backtested Returns
At this point, Roku is very steady. Roku Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.0469, which implies the firm had a 0.0469% return per unit of risk over the last 3 months. We have found thirty technical indicators for Roku Inc, which you can use to evaluate the volatility of the company. Please check Roku's Semi Deviation of 3.61, coefficient of variation of 1156.07, and Risk Adjusted Performance of 0.0743 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Roku has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.0922, which implies not very significant fluctuations relative to the market. As returns on the market increase, Roku's returns are expected to increase less than the market. However, during the bear market, the loss of holding Roku is expected to be smaller as well. Roku Inc right now holds a risk of 3.6%. Please check Roku Inc total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Roku Inc will be following its historical price patterns.
Auto-correlation | -0.6 |
Good reverse predictability
Roku Inc has good reverse predictability. Overlapping area represents the amount of predictability between Roku time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Roku Inc price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Roku price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 54.91 |
Roku Inc lagged returns against current returns
Autocorrelation, which is Roku 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 Roku's stock expected returns. We can calculate the autocorrelation of Roku returns to help us make a trade decision. For example, suppose you find that Roku 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 |
Roku 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 Roku stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roku stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roku stock over time.
Current vs Lagged Prices |
| Timeline |
Roku Lagged Returns
When evaluating Roku's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roku stock have on its future price. Roku 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, Roku autocorrelation shows the relationship between Roku stock current value and its past values and can show if there is a momentum factor associated with investing in Roku Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Roku Stock
When determining whether Roku Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Roku Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Roku Inc Stock. Highlighted below are key reports to facilitate an investment decision about Roku Inc Stock:Check out Roku Correlation, Roku Volatility and Roku Alpha and Beta module to complement your research on Roku. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Roku 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.