Rockworth Public (Thailand) Market Value
| ROCK Stock | THB 10.90 0.50 4.39% |
| Symbol | Rockworth |
Rockworth Public '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 Rockworth Public'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 Rockworth Public.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Rockworth Public on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Rockworth Public or generate 0.0% return on investment in Rockworth Public over 180 days. Rockworth Public is related to or competes with Ocean Glass, Siam Steel, Peoples Garment, RPCG Public, and PRG Public. Rockworth Public Company Limited manufactures, distributes, and markets office systems furniture in Thailand, rest of As... More
Rockworth Public 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 Rockworth Public'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 Rockworth Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 20.23 | |||
| Value At Risk | (7.27) | |||
| Potential Upside | 6.8 |
Rockworth Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rockworth Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rockworth Public's standard deviation. In reality, there are many statistical measures that can use Rockworth Public historical prices to predict the future Rockworth Public's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | 1.54 |
Rockworth Public Backtested Returns
Rockworth Public is out of control given 3 months investment horizon. Rockworth Public 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 were able to collect data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.2% are justified by taking the suggested risk. Use Rockworth Public Variance of 18.98, coefficient of variation of (3,915), and Risk Adjusted Performance of (0.01) to evaluate company specific risk that cannot be diversified away. Rockworth Public holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -0.0788, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rockworth Public are expected to decrease at a much lower rate. During the bear market, Rockworth Public is likely to outperform the market. Use Rockworth Public jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to analyze future returns on Rockworth Public.
Auto-correlation | -0.21 |
Weak reverse predictability
Rockworth Public has weak reverse predictability. Overlapping area represents the amount of predictability between Rockworth Public time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Rockworth Public price movement. The serial correlation of -0.21 indicates that over 21.0% of current Rockworth Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.91 |
Rockworth Public lagged returns against current returns
Autocorrelation, which is Rockworth Public 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 Rockworth Public's stock expected returns. We can calculate the autocorrelation of Rockworth Public returns to help us make a trade decision. For example, suppose you find that Rockworth Public 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 |
Rockworth Public 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 Rockworth Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rockworth Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rockworth Public stock over time.
Current vs Lagged Prices |
| Timeline |
Rockworth Public Lagged Returns
When evaluating Rockworth Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rockworth Public stock have on its future price. Rockworth Public 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, Rockworth Public autocorrelation shows the relationship between Rockworth Public stock current value and its past values and can show if there is a momentum factor associated with investing in Rockworth Public.
Regressed Prices |
| Timeline |
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Rockworth Public financial ratios help investors to determine whether Rockworth 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 Rockworth with respect to the benefits of owning Rockworth Public security.