Road Studio (Poland) Market Value
| RST Stock | 5.20 0.14 2.62% |
| Symbol | Road |
Road Studio '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 Road Studio'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 Road Studio.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Road Studio on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Road Studio SA or generate 0.0% return on investment in Road Studio over 30 days.
Road Studio 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 Road Studio'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 Road Studio SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 12.9 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 1.91 |
Road Studio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Road Studio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Road Studio's standard deviation. In reality, there are many statistical measures that can use Road Studio historical prices to predict the future Road Studio's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 2.01 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Road Studio'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.
Road Studio SA Backtested Returns
Road Studio SA maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Road Studio SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Road Studio's Coefficient Of Variation of (483.69), risk adjusted performance of (0.15), and Variance of 3.82 to confirm the risk estimate we provide. The company holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Road Studio are expected to decrease at a much lower rate. During the bear market, Road Studio is likely to outperform the market. At this point, Road Studio SA has a negative expected return of -0.33%. Please make sure to check Road Studio's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Road Studio SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Road Studio SA has weak reverse predictability. Overlapping area represents the amount of predictability between Road Studio time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Road Studio SA price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Road Studio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Road Studio SA lagged returns against current returns
Autocorrelation, which is Road Studio 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 Road Studio's stock expected returns. We can calculate the autocorrelation of Road Studio returns to help us make a trade decision. For example, suppose you find that Road Studio 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 |
Road Studio 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 Road Studio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Road Studio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Road Studio stock over time.
Current vs Lagged Prices |
| Timeline |
Road Studio Lagged Returns
When evaluating Road Studio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Road Studio stock have on its future price. Road Studio 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, Road Studio autocorrelation shows the relationship between Road Studio stock current value and its past values and can show if there is a momentum factor associated with investing in Road Studio SA.
Regressed Prices |
| Timeline |
Pair Trading with Road Studio
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 Road Studio 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 Road Studio will appreciate offsetting losses from the drop in the long position's value.Moving together with Road Stock
Moving against Road Stock
| 0.66 | DNP | Dino Polska SA | PairCorr |
| 0.65 | CEZ | CEZ as | PairCorr |
| 0.62 | UCG | UniCredit SpA | PairCorr |
| 0.6 | SAN | Banco Santander SA | PairCorr |
The ability to find closely correlated positions to Road Studio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Road Studio 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 Road Studio - 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 Road Studio SA to buy it.
The correlation of Road Studio 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 Road Studio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Road Studio 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 Road Studio 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 Road Stock Analysis
When running Road Studio's price analysis, check to measure Road Studio'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 Road Studio is operating at the current time. Most of Road Studio's value examination focuses on studying past and present price action to predict the probability of Road Studio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Road Studio's price. Additionally, you may evaluate how the addition of Road Studio to your portfolios can decrease your overall portfolio volatility.