Roche Bobois (France) Market Value
| RBO Stock | 37.90 0.50 1.34% |
| Symbol | Roche |
Roche Bobois '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 Roche Bobois' 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 Roche Bobois.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Roche Bobois on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Roche Bobois or generate 0.0% return on investment in Roche Bobois over 30 days. Roche Bobois is related to or competes with SA Catana, Verallia, Thermador Groupe, Maisons Du, and Vetoquinol. More
Roche Bobois 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 Roche Bobois' 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 Roche Bobois upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 9.1 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 2.55 |
Roche Bobois Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roche Bobois' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roche Bobois' standard deviation. In reality, there are many statistical measures that can use Roche Bobois historical prices to predict the future Roche Bobois' volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | 0.9986 |
Roche Bobois Backtested Returns
Roche Bobois maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Roche Bobois exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Roche Bobois' Coefficient Of Variation of (508.19), variance of 3.09, and Risk Adjusted Performance of (0.15) to confirm the risk estimate we provide. The company holds a Beta of -0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Roche Bobois are expected to decrease at a much lower rate. During the bear market, Roche Bobois is likely to outperform the market. At this point, Roche Bobois has a negative expected return of -0.27%. Please make sure to check Roche Bobois' skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Roche Bobois performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Roche Bobois has average predictability. Overlapping area represents the amount of predictability between Roche Bobois 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 Roche Bobois price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Roche Bobois price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 3.23 |
Roche Bobois lagged returns against current returns
Autocorrelation, which is Roche Bobois 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 Roche Bobois' stock expected returns. We can calculate the autocorrelation of Roche Bobois returns to help us make a trade decision. For example, suppose you find that Roche Bobois 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 |
Roche Bobois 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 Roche Bobois stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roche Bobois stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roche Bobois stock over time.
Current vs Lagged Prices |
| Timeline |
Roche Bobois Lagged Returns
When evaluating Roche Bobois' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roche Bobois stock have on its future price. Roche Bobois 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, Roche Bobois autocorrelation shows the relationship between Roche Bobois stock current value and its past values and can show if there is a momentum factor associated with investing in Roche Bobois.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Roche Stock
Roche Bobois financial ratios help investors to determine whether Roche 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 Roche with respect to the benefits of owning Roche Bobois security.