Rohm Co Ltd Stock Market Value
| ROHCY Stock | USD 9.14 0.36 3.79% |
| Symbol | Rohm |
Rohm Co '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 Rohm Co's pink sheet 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 Rohm Co.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Rohm Co on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Rohm Co Ltd or generate 0.0% return on investment in Rohm Co over 60 days. Rohm Co is related to or competes with NVIDIA, Intel, Taiwan Semiconductor, Marvell Technology, Micron Technology, and Advanced Micro. ROHM Co., Ltd. manufactures and sells electronic components worldwide More
Rohm Co 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 Rohm Co's pink sheet 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 Rohm Co Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 15.73 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 2.98 |
Rohm Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rohm Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rohm Co's standard deviation. In reality, there are many statistical measures that can use Rohm Co historical prices to predict the future Rohm Co's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (2.57) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rohm Co's 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.
Rohm Co Backtested Returns
Rohm Co maintains Sharpe Ratio (i.e., Efficiency) of -0.19, which implies the firm had a -0.19% return per unit of risk over the last 3 months. Rohm Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rohm Co's Coefficient Of Variation of (683.36), variance of 5.91, and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide. The company holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rohm Co's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rohm Co is expected to be smaller as well. At this point, Rohm Co has a negative expected return of -0.44%. Please make sure to check Rohm Co's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Rohm Co performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Rohm Co Ltd has good predictability. Overlapping area represents the amount of predictability between Rohm Co time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Rohm Co price movement. The serial correlation of 0.69 indicates that around 69.0% of current Rohm Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
Rohm Co lagged returns against current returns
Autocorrelation, which is Rohm Co pink sheet'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 Rohm Co's pink sheet expected returns. We can calculate the autocorrelation of Rohm Co returns to help us make a trade decision. For example, suppose you find that Rohm Co has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Rohm Co 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 Rohm Co pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rohm Co pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rohm Co pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Rohm Co Lagged Returns
When evaluating Rohm Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rohm Co pink sheet have on its future price. Rohm Co 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, Rohm Co autocorrelation shows the relationship between Rohm Co pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Rohm Co Ltd.
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 Rohm Pink Sheet Analysis
When running Rohm Co's price analysis, check to measure Rohm Co'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 Rohm Co is operating at the current time. Most of Rohm Co's value examination focuses on studying past and present price action to predict the probability of Rohm Co's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rohm Co's price. Additionally, you may evaluate how the addition of Rohm Co to your portfolios can decrease your overall portfolio volatility.