Roots Corp Stock Market Value
| ROOT Stock | CAD 2.24 0.09 4.19% |
| Symbol | Roots |
Roots Corp Price To Book Ratio
Roots Corp '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 Roots Corp'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 Roots Corp.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Roots Corp on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Roots Corp or generate 0.0% return on investment in Roots Corp over 720 days. Roots Corp is related to or competes with Canada Goose, Spin Master, and Aritzia. Roots Corporation, together with its subsidiaries, provides womens, mens, kids, toddler, and baby apparel leather goods ... More
Roots Corp 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 Roots Corp'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 Roots Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | 0.0129 | |||
| Maximum Drawdown | 12.2 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 4.15 |
Roots Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roots Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roots Corp's standard deviation. In reality, there are many statistical measures that can use Roots Corp historical prices to predict the future Roots Corp's volatility.| Risk Adjusted Performance | 0.0603 | |||
| Jensen Alpha | 0.2288 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0112 | |||
| Treynor Ratio | (0.23) |
Roots Corp Backtested Returns
As of now, Roots Stock is risky. Roots Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0426, which implies the firm had a 0.0426% return per unit of risk over the last 3 months. We have found thirty technical indicators for Roots Corp, which you can use to evaluate the volatility of the company. Please check Roots Corp's Semi Deviation of 1.98, risk adjusted performance of 0.0603, and Coefficient Of Variation of 1429.18 to confirm if the risk estimate we provide is consistent with the expected return of 0.097%. Roots Corp has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of -0.65, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Roots Corp are expected to decrease at a much lower rate. During the bear market, Roots Corp is likely to outperform the market. Roots Corp right now holds a risk of 2.28%. Please check Roots Corp treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Roots Corp will be following its historical price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
Roots Corp has virtually no predictability. Overlapping area represents the amount of predictability between Roots Corp time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Roots Corp price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Roots Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Roots Corp lagged returns against current returns
Autocorrelation, which is Roots Corp 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 Roots Corp's stock expected returns. We can calculate the autocorrelation of Roots Corp returns to help us make a trade decision. For example, suppose you find that Roots Corp 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 |
Roots Corp 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 Roots Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roots Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roots Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Roots Corp Lagged Returns
When evaluating Roots Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roots Corp stock have on its future price. Roots Corp 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, Roots Corp autocorrelation shows the relationship between Roots Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Roots Corp.
Regressed Prices |
| Timeline |
Pair Trading with Roots Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Roots Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Roots Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Roots Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Roots Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Roots Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Roots Corp to buy it.
The correlation of Roots Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Roots Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Roots Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Roots Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Roots Stock
Roots Corp financial ratios help investors to determine whether Roots 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 Roots with respect to the benefits of owning Roots Corp security.