Rainbow Robotics (Korea) Market Value
| 277810 Stock | KRW 151,700 800.00 0.53% |
| Symbol | Rainbow |
Rainbow Robotics '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 Rainbow Robotics' 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 Rainbow Robotics.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Rainbow Robotics on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Rainbow Robotics or generate 0.0% return on investment in Rainbow Robotics over 30 days. Rainbow Robotics is related to or competes with COWINTECH, CS BEARING, Young Poong, DAEMO Engineering, SP Systems, and Seoam Machinery. ,Ltd., a professional technological mechatronics company, provides robotic system engineering technology More
Rainbow Robotics 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 Rainbow Robotics' 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 Rainbow Robotics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.75 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 5.09 |
Rainbow Robotics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rainbow Robotics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rainbow Robotics' standard deviation. In reality, there are many statistical measures that can use Rainbow Robotics historical prices to predict the future Rainbow Robotics' volatility.| Risk Adjusted Performance | 0.008 | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.01) |
Rainbow Robotics Backtested Returns
At this point, Rainbow Robotics is very steady. Rainbow Robotics maintains Sharpe Ratio (i.e., Efficiency) of 0.0483, which implies the firm had a 0.0483% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Rainbow Robotics, which you can use to evaluate the volatility of the company. Please check Rainbow Robotics' Risk Adjusted Performance of 0.008, semi deviation of 2.24, and Coefficient Of Variation of 109248.89 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Rainbow Robotics has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 1.3, 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, Rainbow Robotics will likely underperform. Rainbow Robotics right now holds a risk of 2.87%. Please check Rainbow Robotics mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Rainbow Robotics will be following its historical price patterns.
Auto-correlation | 0.41 |
Average predictability
Rainbow Robotics has average predictability. Overlapping area represents the amount of predictability between Rainbow Robotics time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Rainbow Robotics price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Rainbow Robotics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 36.2 M |
Rainbow Robotics lagged returns against current returns
Autocorrelation, which is Rainbow Robotics 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 Rainbow Robotics' stock expected returns. We can calculate the autocorrelation of Rainbow Robotics returns to help us make a trade decision. For example, suppose you find that Rainbow Robotics 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 |
Rainbow Robotics 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 Rainbow Robotics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rainbow Robotics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rainbow Robotics stock over time.
Current vs Lagged Prices |
| Timeline |
Rainbow Robotics Lagged Returns
When evaluating Rainbow Robotics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rainbow Robotics stock have on its future price. Rainbow Robotics 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, Rainbow Robotics autocorrelation shows the relationship between Rainbow Robotics stock current value and its past values and can show if there is a momentum factor associated with investing in Rainbow Robotics.
Regressed Prices |
| Timeline |
Pair Trading with Rainbow Robotics
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 Rainbow Robotics 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 Rainbow Robotics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Rainbow Robotics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rainbow Robotics 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 Rainbow Robotics - 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 Rainbow Robotics to buy it.
The correlation of Rainbow Robotics 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 Rainbow Robotics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rainbow Robotics 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 Rainbow Robotics 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.Other Information on Investing in Rainbow Stock
Rainbow Robotics financial ratios help investors to determine whether Rainbow Stock 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 Rainbow with respect to the benefits of owning Rainbow Robotics security.