Rogers Stock Market Value
| ROG Stock | USD 104.75 2.17 2.12% |
| Symbol | Rogers |
Is Chemicals 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 Rogers. If investors know Rogers 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 Rogers 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 Rogers is measured differently than its book value, which is the value of Rogers that is recorded on the company's balance sheet. Investors also form their own opinion of Rogers' value that differs from its market value or its book value, called intrinsic value, which is Rogers' 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 Rogers' market value can be influenced by many factors that don't directly affect Rogers' 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 Rogers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Rogers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rogers' 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.
Rogers '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 Rogers' 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 Rogers.
| 08/24/2024 |
| 11/22/2024 |
If you would invest 0.00 in Rogers on August 24, 2024 and sell it all today you would earn a total of 0.00 from holding Rogers or generate 0.0% return on investment in Rogers over 90 days. Rogers is related to or competes with Taiwan Semiconductor, Entegris, Boston Omaha, ON Semiconductor, Advanced Micro, ASML Holding, and KLA Tencor. Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide More
Rogers 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 Rogers' 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 Rogers upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.97 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 2.51 |
Rogers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rogers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rogers' standard deviation. In reality, there are many statistical measures that can use Rogers historical prices to predict the future Rogers' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (11.68) |
Rogers Backtested Returns
Rogers maintains Sharpe Ratio (i.e., Efficiency) of -0.0176, which implies the firm had a -0.0176% return per unit of risk over the last 3 months. Rogers exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rogers' Variance of 4.33, risk adjusted performance of (0.01), and Coefficient Of Variation of (5,668) to confirm the risk estimate we provide. The company holds a Beta of 0.004, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rogers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Rogers is expected to be smaller as well. At this point, Rogers has a negative expected return of -0.0367%. Please make sure to check Rogers' value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Rogers performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Rogers has below average predictability. Overlapping area represents the amount of predictability between Rogers time series from 24th of August 2024 to 8th of October 2024 and 8th of October 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 Rogers price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Rogers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 8.77 |
Rogers lagged returns against current returns
Autocorrelation, which is Rogers 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 Rogers' stock expected returns. We can calculate the autocorrelation of Rogers returns to help us make a trade decision. For example, suppose you find that Rogers 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 |
Rogers 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 Rogers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rogers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rogers stock over time.
Current vs Lagged Prices |
| Timeline |
Rogers Lagged Returns
When evaluating Rogers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rogers stock have on its future price. Rogers 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, Rogers autocorrelation shows the relationship between Rogers stock current value and its past values and can show if there is a momentum factor associated with investing in Rogers.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Rogers is a strong investment it is important to analyze Rogers' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Rogers' future performance. For an informed investment choice regarding Rogers Stock, refer to the following important reports:Check out Rogers Correlation, Rogers Volatility and Rogers Alpha and Beta module to complement your research on Rogers. For more detail on how to invest in Rogers Stock please use our How to Invest in Rogers guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Rogers technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.