RPM INTL INC Market Value
| 749685AU7 | 93.43 2.51 2.62% |
| Symbol | 749685AU7 |
749685AU7 '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 749685AU7's bond 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 749685AU7.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in 749685AU7 on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding RPM INTL INC or generate 0.0% return on investment in 749685AU7 over 30 days. 749685AU7 is related to or competes with MagnaChip Semiconductor, IPG Photonics, Analog Devices, Micron Technology, and ASE Industrial. More
749685AU7 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 749685AU7's bond 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 RPM INTL INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.16 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 19.18 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 2.17 |
749685AU7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 749685AU7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 749685AU7's standard deviation. In reality, there are many statistical measures that can use 749685AU7 historical prices to predict the future 749685AU7's volatility.| Risk Adjusted Performance | 0.0273 | |||
| Jensen Alpha | 0.0578 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.7232 |
RPM INTL INC Backtested Returns
RPM INTL INC secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the bond had a -0.12% return per unit of risk over the last 3 months. RPM INTL INC exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 749685AU7's Coefficient Of Variation of 3873.73, mean deviation of 1.33, and Market Risk Adjusted Performance of 0.7332 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0951, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 749685AU7's returns are expected to increase less than the market. However, during the bear market, the loss of holding 749685AU7 is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
RPM INTL INC has very good predictability. Overlapping area represents the amount of predictability between 749685AU7 time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 RPM INTL INC price movement. The serial correlation of 0.83 indicates that around 83.0% of current 749685AU7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
RPM INTL INC lagged returns against current returns
Autocorrelation, which is 749685AU7 bond'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 749685AU7's bond expected returns. We can calculate the autocorrelation of 749685AU7 returns to help us make a trade decision. For example, suppose you find that 749685AU7 has exhibited high autocorrelation historically, and you observe that the bond 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 |
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749685AU7 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 749685AU7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 749685AU7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 749685AU7 bond over time.
Current vs Lagged Prices |
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749685AU7 Lagged Returns
When evaluating 749685AU7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 749685AU7 bond have on its future price. 749685AU7 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, 749685AU7 autocorrelation shows the relationship between 749685AU7 bond current value and its past values and can show if there is a momentum factor associated with investing in RPM INTL INC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in 749685AU7 Bond
749685AU7 financial ratios help investors to determine whether 749685AU7 Bond 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 749685AU7 with respect to the benefits of owning 749685AU7 security.