Roof Renovation (Poland) Market Value
| RRH Stock | 0.14 0.01 7.69% |
| Symbol | Roof |
Roof Renovation '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 Roof Renovation'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 Roof Renovation.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Roof Renovation on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Roof Renovation SA or generate 0.0% return on investment in Roof Renovation over 180 days.
Roof Renovation 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 Roof Renovation'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 Roof Renovation SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.93 | |||
| Information Ratio | 0.0371 | |||
| Maximum Drawdown | 45.24 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 16.67 |
Roof Renovation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roof Renovation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roof Renovation's standard deviation. In reality, there are many statistical measures that can use Roof Renovation historical prices to predict the future Roof Renovation's volatility.| Risk Adjusted Performance | 0.0502 | |||
| Jensen Alpha | 0.5213 | |||
| Total Risk Alpha | (0.95) | |||
| Sortino Ratio | 0.0282 | |||
| Treynor Ratio | (0.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Roof Renovation'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.
Roof Renovation SA Backtested Returns
Roof Renovation appears to be out of control, given 3 months investment horizon. Roof Renovation SA maintains Sharpe Ratio (i.e., Efficiency) of 0.0417, which implies the firm had a 0.0417% return per unit of risk over the last 3 months. We have found thirty technical indicators for Roof Renovation SA, which you can use to evaluate the volatility of the company. Please evaluate Roof Renovation's Semi Deviation of 6.48, coefficient of variation of 1860.37, and Risk Adjusted Performance of 0.0502 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Roof Renovation holds a performance score of 3. The company holds a Beta of -0.67, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Roof Renovation are expected to decrease at a much lower rate. During the bear market, Roof Renovation is likely to outperform the market. Please check Roof Renovation's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether Roof Renovation's historical price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
Roof Renovation SA has very weak predictability. Overlapping area represents the amount of predictability between Roof Renovation time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Roof Renovation SA price movement. The serial correlation of 0.18 indicates that over 18.0% of current Roof Renovation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Roof Renovation SA lagged returns against current returns
Autocorrelation, which is Roof Renovation 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 Roof Renovation's stock expected returns. We can calculate the autocorrelation of Roof Renovation returns to help us make a trade decision. For example, suppose you find that Roof Renovation 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 |
Roof Renovation 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 Roof Renovation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roof Renovation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roof Renovation stock over time.
Current vs Lagged Prices |
| Timeline |
Roof Renovation Lagged Returns
When evaluating Roof Renovation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roof Renovation stock have on its future price. Roof Renovation 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, Roof Renovation autocorrelation shows the relationship between Roof Renovation stock current value and its past values and can show if there is a momentum factor associated with investing in Roof Renovation SA.
Regressed Prices |
| Timeline |
Pair Trading with Roof Renovation
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 Roof Renovation 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 Roof Renovation will appreciate offsetting losses from the drop in the long position's value.Moving against Roof Stock
| 0.71 | PCO | Pepco Group BV | PairCorr |
| 0.55 | PKN | Polski Koncern Naftowy | PairCorr |
| 0.55 | KGH | KGHM Polska Miedz | PairCorr |
| 0.45 | ALE | Allegroeu SA | PairCorr |
The ability to find closely correlated positions to Roof Renovation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Roof Renovation 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 Roof Renovation - 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 Roof Renovation SA to buy it.
The correlation of Roof Renovation 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 Roof Renovation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Roof Renovation SA 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 Roof Renovation 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 Roof Stock Analysis
When running Roof Renovation's price analysis, check to measure Roof Renovation'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 Roof Renovation is operating at the current time. Most of Roof Renovation's value examination focuses on studying past and present price action to predict the probability of Roof Renovation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roof Renovation's price. Additionally, you may evaluate how the addition of Roof Renovation to your portfolios can decrease your overall portfolio volatility.