Roblon AS (Denmark) Market Value
| RBLN-B Stock | DKK 103.00 1.00 0.98% |
| Symbol | Roblon |
Roblon AS '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 Roblon AS'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 Roblon AS.
| 08/05/2023 |
| 11/27/2024 |
If you would invest 0.00 in Roblon AS on August 5, 2023 and sell it all today you would earn a total of 0.00 from holding Roblon AS or generate 0.0% return on investment in Roblon AS over 480 days. Roblon AS is related to or competes with RTX AS, Matas AS, DFDS AS, Schouw, and Per Aarsleff. Roblon AS produces and sells products for cable and offshore industries More
Roblon AS 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 Roblon AS'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 Roblon AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.083 | |||
| Maximum Drawdown | 10.64 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 4.08 |
Roblon AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roblon AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roblon AS's standard deviation. In reality, there are many statistical measures that can use Roblon AS historical prices to predict the future Roblon AS's volatility.| Risk Adjusted Performance | 0.1175 | |||
| Jensen Alpha | 0.2947 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0815 | |||
| Treynor Ratio | (40.81) |
Roblon AS Backtested Returns
Roblon AS appears to be very steady, given 3 months investment horizon. Roblon AS maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Roblon AS, which you can use to evaluate the volatility of the company. Please evaluate Roblon AS's Coefficient Of Variation of 688.03, risk adjusted performance of 0.1175, and Semi Deviation of 1.34 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Roblon AS holds a performance score of 8. The company holds a Beta of -0.0072, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Roblon AS are expected to decrease at a much lower rate. During the bear market, Roblon AS is likely to outperform the market. Please check Roblon AS's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Roblon AS's historical price patterns will revert.
Auto-correlation | -0.61 |
Very good reverse predictability
Roblon AS has very good reverse predictability. Overlapping area represents the amount of predictability between Roblon AS time series from 5th of August 2023 to 1st of April 2024 and 1st of April 2024 to 27th 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 Roblon AS price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Roblon AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 44.61 |
Roblon AS lagged returns against current returns
Autocorrelation, which is Roblon AS 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 Roblon AS's stock expected returns. We can calculate the autocorrelation of Roblon AS returns to help us make a trade decision. For example, suppose you find that Roblon AS 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 |
Roblon AS 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 Roblon AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roblon AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roblon AS stock over time.
Current vs Lagged Prices |
| Timeline |
Roblon AS Lagged Returns
When evaluating Roblon AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roblon AS stock have on its future price. Roblon AS 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, Roblon AS autocorrelation shows the relationship between Roblon AS stock current value and its past values and can show if there is a momentum factor associated with investing in Roblon AS.
Regressed Prices |
| Timeline |
Pair Trading with Roblon AS
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Roblon AS position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Roblon AS will appreciate offsetting losses from the drop in the long position's value.Moving together with Roblon Stock
Moving against Roblon Stock
| 0.71 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.66 | CARL-A | Carlsberg AS | PairCorr |
| 0.54 | GJ | Glunz Jensen | PairCorr |
| 0.45 | DANSKE | Danske Bank AS | PairCorr |
| 0.34 | CARL-B | Carlsberg AS | PairCorr |
The ability to find closely correlated positions to Roblon AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Roblon AS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Roblon AS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Roblon AS to buy it.
The correlation of Roblon AS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Roblon AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Roblon AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Roblon AS can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Roblon Stock
Roblon AS financial ratios help investors to determine whether Roblon 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 Roblon with respect to the benefits of owning Roblon AS security.