Royce Micro Cap Stock Market Value
| RMT Stock | USD 10.01 0.02 0.20% |
| Symbol | Royce |
Is Asset Management & Custody Banks 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 Royce Micro. If investors know Royce 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 Royce Micro listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Royce Micro Cap is measured differently than its book value, which is the value of Royce that is recorded on the company's balance sheet. Investors also form their own opinion of Royce Micro's value that differs from its market value or its book value, called intrinsic value, which is Royce Micro's 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 Royce Micro's market value can be influenced by many factors that don't directly affect Royce Micro's 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 Royce Micro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royce Micro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royce Micro's 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.
Royce Micro '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 Royce Micro'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 Royce Micro.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Royce Micro on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Royce Micro Cap or generate 0.0% return on investment in Royce Micro over 30 days. Royce Micro is related to or competes with Tekla Healthcare, Allianzgi Equity, Cohen Steers, Cohen Steers, RiverNorth Specialty, Aberdeen Japan, and MFS Investment. Royce Micro-Cap Trust, Inc. is a closed-ended equity mutual fund launched and managed Royce Associates, LLC More
Royce Micro 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 Royce Micro'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 Royce Micro Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.0638 | |||
| Maximum Drawdown | 4.9 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.69 |
Royce Micro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royce Micro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royce Micro's standard deviation. In reality, there are many statistical measures that can use Royce Micro historical prices to predict the future Royce Micro's volatility.| Risk Adjusted Performance | 0.0559 | |||
| Jensen Alpha | 0.0667 | |||
| Total Risk Alpha | 0.0657 | |||
| Sortino Ratio | 0.0611 | |||
| Treynor Ratio | 0.1205 |
Royce Micro Cap Backtested Returns
Currently, Royce Micro Cap is very steady. Royce Micro Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.0745, which implies the firm had a 0.0745 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Royce Micro Cap, which you can use to evaluate the volatility of the company. Please check Royce Micro's Risk Adjusted Performance of 0.0559, coefficient of variation of 1343.14, and Semi Deviation of 0.9861 to confirm if the risk estimate we provide is consistent with the expected return of 0.0773%. Royce Micro has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of 0.56, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Royce Micro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Royce Micro is expected to be smaller as well. Royce Micro Cap right now holds a risk of 1.04%. Please check Royce Micro Cap maximum drawdown, skewness, as well as the relationship between the Skewness and day typical price , to decide if Royce Micro Cap will be following its historical price patterns.
Auto-correlation | 0.26 |
Poor predictability
Royce Micro Cap has poor predictability. Overlapping area represents the amount of predictability between Royce Micro time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Royce Micro Cap price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Royce Micro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Royce Micro Cap lagged returns against current returns
Autocorrelation, which is Royce Micro 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 Royce Micro's stock expected returns. We can calculate the autocorrelation of Royce Micro returns to help us make a trade decision. For example, suppose you find that Royce Micro 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 |
Royce Micro 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 Royce Micro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royce Micro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royce Micro stock over time.
Current vs Lagged Prices |
| Timeline |
Royce Micro Lagged Returns
When evaluating Royce Micro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royce Micro stock have on its future price. Royce Micro 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, Royce Micro autocorrelation shows the relationship between Royce Micro stock current value and its past values and can show if there is a momentum factor associated with investing in Royce Micro Cap.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Royce Stock Analysis
When running Royce Micro's price analysis, check to measure Royce Micro's 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 Royce Micro is operating at the current time. Most of Royce Micro's value examination focuses on studying past and present price action to predict the probability of Royce Micro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royce Micro's price. Additionally, you may evaluate how the addition of Royce Micro to your portfolios can decrease your overall portfolio volatility.