Route1 Inc Stock Market Value
| ROI Stock | CAD 0.02 0.01 33.33% |
| Symbol | Route1 |
Route1 Inc Price To Book Ratio
Route1 '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 Route1'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 Route1.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Route1 on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Route1 Inc or generate 0.0% return on investment in Route1 over 30 days. Route1 is related to or competes with IShares Canadian, PHN Multi, Altagas Cum, Invesco SP, and EcoSynthetix. Route1 Inc. provides data security and user authentication, data acquisition and analytics, data visualization technolog... More
Route1 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 Route1'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 Route1 Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0106 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) |
Route1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Route1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Route1's standard deviation. In reality, there are many statistical measures that can use Route1 historical prices to predict the future Route1's volatility.| Risk Adjusted Performance | 0.0236 | |||
| Jensen Alpha | 0.6291 | |||
| Total Risk Alpha | (1.53) | |||
| Treynor Ratio | (0.06) |
Route1 Inc Backtested Returns
Route1 appears to be out of control, given 3 months investment horizon. Route1 Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.0192, which implies the firm had a 0.0192% return per unit of risk over the last 3 months. We have found twenty technical indicators for Route1 Inc, which you can use to evaluate the volatility of the company. Please evaluate Route1's Variance of 183.7, risk adjusted performance of 0.0236, and Coefficient Of Variation of 5367.16 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Route1 holds a performance score of 1. The company holds a Beta of -3.89, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Route1 are expected to decrease by larger amounts. On the other hand, during market turmoil, Route1 is expected to outperform it. Please check Route1's value at risk, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to make a quick decision on whether Route1's historical price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Route1 Inc has average predictability. Overlapping area represents the amount of predictability between Route1 time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Route1 Inc price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Route1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Route1 Inc lagged returns against current returns
Autocorrelation, which is Route1 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 Route1's stock expected returns. We can calculate the autocorrelation of Route1 returns to help us make a trade decision. For example, suppose you find that Route1 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 |
Route1 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 Route1 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Route1 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Route1 stock over time.
Current vs Lagged Prices |
| Timeline |
Route1 Lagged Returns
When evaluating Route1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Route1 stock have on its future price. Route1 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, Route1 autocorrelation shows the relationship between Route1 stock current value and its past values and can show if there is a momentum factor associated with investing in Route1 Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Route1 Stock Analysis
When running Route1's price analysis, check to measure Route1'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 Route1 is operating at the current time. Most of Route1's value examination focuses on studying past and present price action to predict the probability of Route1's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Route1's price. Additionally, you may evaluate how the addition of Route1 to your portfolios can decrease your overall portfolio volatility.