Rotork Plc Stock Market Value
| RTOXF Stock | USD 3.64 0.00 0.00% |
| Symbol | Rotork |
Rotork Plc '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 Rotork Plc's pink sheet 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 Rotork Plc.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in Rotork Plc on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding Rotork plc or generate 0.0% return on investment in Rotork Plc over 420 days. Rotork Plc is related to or competes with Dear Cashmere. Rotork plc designs, manufactures, and markets flow control and instrumentation solutions for the oil and gas, water and ... More
Rotork Plc 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 Rotork Plc's pink sheet 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 Rotork plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 30.3 | |||
| Value At Risk | (11.49) | |||
| Potential Upside | 5.73 |
Rotork Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rotork Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rotork Plc's standard deviation. In reality, there are many statistical measures that can use Rotork Plc historical prices to predict the future Rotork Plc's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | 0.8394 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rotork Plc'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.
Rotork plc Backtested Returns
Rotork plc maintains Sharpe Ratio (i.e., Efficiency) of -0.023, which implies the firm had a -0.023% return per unit of risk over the last 3 months. Rotork plc exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rotork Plc's Risk Adjusted Performance of (0.01), variance of 20.81, and Coefficient Of Variation of (4,448) to confirm the risk estimate we provide. The company holds a Beta of -0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rotork Plc are expected to decrease at a much lower rate. During the bear market, Rotork Plc is likely to outperform the market. At this point, Rotork plc has a negative expected return of -0.11%. Please make sure to check Rotork Plc's market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness , to decide if Rotork plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Rotork plc has weak reverse predictability. Overlapping area represents the amount of predictability between Rotork Plc time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd 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 Rotork plc price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Rotork Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Rotork plc lagged returns against current returns
Autocorrelation, which is Rotork Plc pink sheet'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 Rotork Plc's pink sheet expected returns. We can calculate the autocorrelation of Rotork Plc returns to help us make a trade decision. For example, suppose you find that Rotork Plc has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Rotork Plc 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 Rotork Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rotork Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rotork Plc pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Rotork Plc Lagged Returns
When evaluating Rotork Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rotork Plc pink sheet have on its future price. Rotork Plc 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, Rotork Plc autocorrelation shows the relationship between Rotork Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Rotork plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Rotork Pink Sheet
Rotork Plc financial ratios help investors to determine whether Rotork Pink Sheet 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 Rotork with respect to the benefits of owning Rotork Plc security.