Roularta (Belgium) Market Value
| ROU Stock | EUR 11.00 0.05 0.45% |
| Symbol | Roularta |
Roularta '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 Roularta'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 Roularta.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Roularta on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Roularta or generate 0.0% return on investment in Roularta over 30 days. Roularta is related to or competes with Tessenderlo, EVS Broadcast, Sipef NV, Exmar NV, and Van De. Roularta Media Group NV operates as a multimedia company in Belgium and the Netherlands More
Roularta 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 Roularta'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 Roularta upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.05 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.16 |
Roularta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roularta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roularta's standard deviation. In reality, there are many statistical measures that can use Roularta historical prices to predict the future Roularta's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0103 | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.0839 |
Roularta Backtested Returns
Currently, Roularta is not too volatile. Roularta maintains Sharpe Ratio (i.e., Efficiency) of 0.0058, which implies the firm had a 0.0058% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Roularta, which you can use to evaluate the volatility of the company. Please check Roularta's Variance of 1.37, risk adjusted performance of (0.01), and Coefficient Of Variation of (8,482) to confirm if the risk estimate we provide is consistent with the expected return of 0.0068%. The company holds a Beta of -0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Roularta are expected to decrease at a much lower rate. During the bear market, Roularta is likely to outperform the market. Roularta right now holds a risk of 1.17%. Please check Roularta rate of daily change, price action indicator, and the relationship between the accumulation distribution and day typical price , to decide if Roularta will be following its historical price patterns.
Auto-correlation | 0.47 |
Average predictability
Roularta has average predictability. Overlapping area represents the amount of predictability between Roularta time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Roularta price movement. The serial correlation of 0.47 indicates that about 47.0% of current Roularta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Roularta lagged returns against current returns
Autocorrelation, which is Roularta 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 Roularta's stock expected returns. We can calculate the autocorrelation of Roularta returns to help us make a trade decision. For example, suppose you find that Roularta 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 |
Roularta 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 Roularta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roularta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roularta stock over time.
Current vs Lagged Prices |
| Timeline |
Roularta Lagged Returns
When evaluating Roularta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roularta stock have on its future price. Roularta 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, Roularta autocorrelation shows the relationship between Roularta stock current value and its past values and can show if there is a momentum factor associated with investing in Roularta.
Regressed Prices |
| Timeline |
Pair Trading with Roularta
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 Roularta 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 Roularta will appreciate offsetting losses from the drop in the long position's value.Moving against Roularta Stock
The ability to find closely correlated positions to Roularta could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Roularta 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 Roularta - 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 Roularta to buy it.
The correlation of Roularta 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 Roularta moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Roularta 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 Roularta 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.Additional Tools for Roularta Stock Analysis
When running Roularta's price analysis, check to measure Roularta'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 Roularta is operating at the current time. Most of Roularta's value examination focuses on studying past and present price action to predict the probability of Roularta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roularta's price. Additionally, you may evaluate how the addition of Roularta to your portfolios can decrease your overall portfolio volatility.