Rocky Mountain Liquor Stock Market Value
| RUM Stock | CAD 0.12 0.01 7.69% |
| Symbol | Rocky |
Rocky Mountain '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 Rocky Mountain'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 Rocky Mountain.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Rocky Mountain on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Rocky Mountain Liquor or generate 0.0% return on investment in Rocky Mountain over 30 days. Rocky Mountain is related to or competes with High Liner, Quorum Information, Information Services, DIRTT Environmental, Plaza Retail, and Algoma Steel. Rocky Mountain Liquor Inc., through its subsidiary, Andersons Liquor Inc., owns and operates liquor stores in Canada More
Rocky Mountain 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 Rocky Mountain'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 Rocky Mountain Liquor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 16.03 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 7.69 |
Rocky Mountain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rocky Mountain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rocky Mountain's standard deviation. In reality, there are many statistical measures that can use Rocky Mountain historical prices to predict the future Rocky Mountain's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (0.15) |
Rocky Mountain Liquor Backtested Returns
Rocky Mountain Liquor maintains Sharpe Ratio (i.e., Efficiency) of -0.0289, which implies the firm had a -0.0289% return per unit of risk over the last 3 months. Rocky Mountain Liquor exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rocky Mountain's Variance of 12.44, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,066) to confirm the risk estimate we provide. The company holds a Beta of 1.17, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Rocky Mountain will likely underperform. At this point, Rocky Mountain Liquor has a negative expected return of -0.0857%. Please make sure to check Rocky Mountain's jensen alpha and the relationship between the potential upside and period momentum indicator , to decide if Rocky Mountain Liquor performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Rocky Mountain Liquor has insignificant predictability. Overlapping area represents the amount of predictability between Rocky Mountain 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 Rocky Mountain Liquor price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Rocky Mountain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rocky Mountain Liquor lagged returns against current returns
Autocorrelation, which is Rocky Mountain 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 Rocky Mountain's stock expected returns. We can calculate the autocorrelation of Rocky Mountain returns to help us make a trade decision. For example, suppose you find that Rocky Mountain 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 |
Rocky Mountain 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 Rocky Mountain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rocky Mountain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rocky Mountain stock over time.
Current vs Lagged Prices |
| Timeline |
Rocky Mountain Lagged Returns
When evaluating Rocky Mountain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rocky Mountain stock have on its future price. Rocky Mountain 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, Rocky Mountain autocorrelation shows the relationship between Rocky Mountain stock current value and its past values and can show if there is a momentum factor associated with investing in Rocky Mountain Liquor.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Rocky Stock Analysis
When running Rocky Mountain's price analysis, check to measure Rocky Mountain'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 Rocky Mountain is operating at the current time. Most of Rocky Mountain's value examination focuses on studying past and present price action to predict the probability of Rocky Mountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocky Mountain's price. Additionally, you may evaluate how the addition of Rocky Mountain to your portfolios can decrease your overall portfolio volatility.