Rovsing AS (Denmark) Market Value
| ROV Stock | DKK 40.80 0.20 0.49% |
| Symbol | Rovsing |
Rovsing AS '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 Rovsing AS'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 Rovsing AS.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Rovsing AS on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Rovsing AS or generate 0.0% return on investment in Rovsing AS over 30 days. Rovsing AS is related to or competes with BioPorto, CBrain AS, Orphazyme, North Media, and Zealand Pharma. Rovsing AS develops, manufactures, and delivers systems for functional and electrical testing of spacecrafts and their p... More
Rovsing AS 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 Rovsing AS'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 Rovsing AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.29 | |||
| Information Ratio | 0.0431 | |||
| Maximum Drawdown | 37.31 | |||
| Value At Risk | (6.48) | |||
| Potential Upside | 12.82 |
Rovsing AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rovsing AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rovsing AS's standard deviation. In reality, there are many statistical measures that can use Rovsing AS historical prices to predict the future Rovsing AS's volatility.| Risk Adjusted Performance | 0.0583 | |||
| Jensen Alpha | 0.3326 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.06 | |||
| Treynor Ratio | 1.0 |
Rovsing AS Backtested Returns
Rovsing AS appears to be not too volatile, given 3 months investment horizon. Rovsing AS maintains Sharpe Ratio (i.e., Efficiency) of 0.0857, which implies the firm had a 0.0857% return per unit of risk over the last 3 months. By analyzing Rovsing AS's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please evaluate Rovsing AS's Coefficient Of Variation of 1540.68, semi deviation of 3.76, and Risk Adjusted Performance of 0.0583 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rovsing AS holds a performance score of 6. The company holds a Beta of 0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rovsing AS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rovsing AS is expected to be smaller as well. Please check Rovsing AS's expected short fall, daily balance of power, and the relationship between the downside variance and kurtosis , to make a quick decision on whether Rovsing AS's historical price patterns will revert.
Auto-correlation | 0.66 |
Good predictability
Rovsing AS has good predictability. Overlapping area represents the amount of predictability between Rovsing AS time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Rovsing AS price movement. The serial correlation of 0.66 indicates that around 66.0% of current Rovsing AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 3.81 |
Rovsing AS lagged returns against current returns
Autocorrelation, which is Rovsing AS 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 Rovsing AS's stock expected returns. We can calculate the autocorrelation of Rovsing AS returns to help us make a trade decision. For example, suppose you find that Rovsing AS 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 |
Rovsing AS 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 Rovsing AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rovsing AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rovsing AS stock over time.
Current vs Lagged Prices |
| Timeline |
Rovsing AS Lagged Returns
When evaluating Rovsing AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rovsing AS stock have on its future price. Rovsing AS 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, Rovsing AS autocorrelation shows the relationship between Rovsing AS stock current value and its past values and can show if there is a momentum factor associated with investing in Rovsing AS.
Regressed Prices |
| Timeline |
Pair Trading with Rovsing AS
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 Rovsing AS 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 Rovsing AS will appreciate offsetting losses from the drop in the long position's value.Moving against Rovsing Stock
The ability to find closely correlated positions to Rovsing AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rovsing AS 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 Rovsing AS - 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 Rovsing AS to buy it.
The correlation of Rovsing AS 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 Rovsing AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rovsing AS 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 Rovsing AS 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 Rovsing Stock
Rovsing AS financial ratios help investors to determine whether Rovsing 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 Rovsing with respect to the benefits of owning Rovsing AS security.