Rolling Optics (Sweden) Market Value
| RO Stock | SEK 0.69 0.02 2.82% |
| Symbol | Rolling |
Rolling Optics '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 Rolling Optics' 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 Rolling Optics.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Rolling Optics on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Rolling Optics Holding or generate 0.0% return on investment in Rolling Optics over 30 days. Rolling Optics is related to or competes with Integrum, Concejo AB, Diadrom Holding, and Greater Than. Rolling Optics Holding AB develops, designs, produces, and sells products in visual authentication based on in-house dev... More
Rolling Optics 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 Rolling Optics' 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 Rolling Optics Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 21.72 | |||
| Value At Risk | (6.17) | |||
| Potential Upside | 5.26 |
Rolling Optics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rolling Optics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rolling Optics' standard deviation. In reality, there are many statistical measures that can use Rolling Optics historical prices to predict the future Rolling Optics' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rolling Optics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Rolling Optics Holding Backtested Returns
Rolling Optics Holding maintains Sharpe Ratio (i.e., Efficiency) of -0.0628, which implies the firm had a -0.0628% return per unit of risk over the last 3 months. Rolling Optics Holding exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rolling Optics' Variance of 16.56, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,655) to confirm the risk estimate we provide. The company holds a Beta of 2.01, 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, Rolling Optics will likely underperform. At this point, Rolling Optics Holding has a negative expected return of -0.26%. Please make sure to check Rolling Optics' jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Rolling Optics Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Rolling Optics Holding has very good reverse predictability. Overlapping area represents the amount of predictability between Rolling Optics time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Rolling Optics Holding price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Rolling Optics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rolling Optics Holding lagged returns against current returns
Autocorrelation, which is Rolling Optics 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 Rolling Optics' stock expected returns. We can calculate the autocorrelation of Rolling Optics returns to help us make a trade decision. For example, suppose you find that Rolling Optics 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 |
Rolling Optics 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 Rolling Optics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rolling Optics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rolling Optics stock over time.
Current vs Lagged Prices |
| Timeline |
Rolling Optics Lagged Returns
When evaluating Rolling Optics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rolling Optics stock have on its future price. Rolling Optics 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, Rolling Optics autocorrelation shows the relationship between Rolling Optics stock current value and its past values and can show if there is a momentum factor associated with investing in Rolling Optics Holding.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Rolling Stock Analysis
When running Rolling Optics' price analysis, check to measure Rolling Optics' 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 Rolling Optics is operating at the current time. Most of Rolling Optics' value examination focuses on studying past and present price action to predict the probability of Rolling Optics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rolling Optics' price. Additionally, you may evaluate how the addition of Rolling Optics to your portfolios can decrease your overall portfolio volatility.