Rocky Brands Stock Market Value
| RCKY Stock | USD 20.91 0.05 0.24% |
| Symbol | Rocky |
Rocky Brands Price To Book Ratio
Is Textiles, Apparel & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rocky Brands. If investors know Rocky will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rocky Brands listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.24) | Dividend Share 0.62 | Earnings Share 1.79 | Revenue Per Share 60.866 | Quarterly Revenue Growth (0.09) |
The market value of Rocky Brands is measured differently than its book value, which is the value of Rocky that is recorded on the company's balance sheet. Investors also form their own opinion of Rocky Brands' value that differs from its market value or its book value, called intrinsic value, which is Rocky Brands' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rocky Brands' market value can be influenced by many factors that don't directly affect Rocky Brands' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rocky Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Rocky Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rocky Brands' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Rocky Brands '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 Rocky Brands' 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 Rocky Brands.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Rocky Brands on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Rocky Brands or generate 0.0% return on investment in Rocky Brands over 30 days. Rocky Brands is related to or competes with Wolverine World, Continental, Weyco, and Designer Brands. Rocky Brands, Inc. designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehig... More
Rocky Brands 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 Rocky Brands' 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 Rocky Brands upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 34.79 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 4.07 |
Rocky Brands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rocky Brands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rocky Brands' standard deviation. In reality, there are many statistical measures that can use Rocky Brands historical prices to predict the future Rocky Brands' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (0.20) |
Rocky Brands Backtested Returns
Rocky Brands maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Rocky Brands exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rocky Brands' Risk Adjusted Performance of (0.06), variance of 16.61, and Coefficient Of Variation of (1,060) to confirm the risk estimate we provide. The company holds a Beta of 1.97, 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, Rocky Brands will likely underperform. At this point, Rocky Brands has a negative expected return of -0.54%. Please make sure to check Rocky Brands' maximum drawdown, as well as the relationship between the daily balance of power and relative strength index , to decide if Rocky Brands performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Rocky Brands has very good predictability. Overlapping area represents the amount of predictability between Rocky Brands time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Rocky Brands price movement. The serial correlation of 0.85 indicates that around 85.0% of current Rocky Brands price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Rocky Brands lagged returns against current returns
Autocorrelation, which is Rocky Brands 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 Rocky Brands' stock expected returns. We can calculate the autocorrelation of Rocky Brands returns to help us make a trade decision. For example, suppose you find that Rocky Brands 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 |
Rocky Brands 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 Rocky Brands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rocky Brands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rocky Brands stock over time.
Current vs Lagged Prices |
| Timeline |
Rocky Brands Lagged Returns
When evaluating Rocky Brands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rocky Brands stock have on its future price. Rocky Brands 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, Rocky Brands autocorrelation shows the relationship between Rocky Brands stock current value and its past values and can show if there is a momentum factor associated with investing in Rocky Brands.
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.Additional Tools for Rocky Stock Analysis
When running Rocky Brands' price analysis, check to measure Rocky Brands' 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 Rocky Brands is operating at the current time. Most of Rocky Brands' value examination focuses on studying past and present price action to predict the probability of Rocky Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocky Brands' price. Additionally, you may evaluate how the addition of Rocky Brands to your portfolios can decrease your overall portfolio volatility.