Roku (Brazil) Market Value
| R1KU34 Stock | BRL 24.77 0.76 2.98% |
| Symbol | Roku |
Roku '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 Roku'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 Roku.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Roku on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Roku Inc or generate 0.0% return on investment in Roku over 30 days. Roku is related to or competes with Metalrgica Riosulense, Nordon Indstrias, Zoom Video, TC Traders, and Telecomunicaes Brasileiras. Roku, Inc., together with its subsidiaries, operates a TV streaming platform More
Roku 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 Roku'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 Roku Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.82 | |||
| Information Ratio | 0.078 | |||
| Maximum Drawdown | 15.65 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 7.21 |
Roku Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roku's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roku's standard deviation. In reality, there are many statistical measures that can use Roku historical prices to predict the future Roku's volatility.| Risk Adjusted Performance | 0.0684 | |||
| Jensen Alpha | 0.2547 | |||
| Total Risk Alpha | 0.2346 | |||
| Sortino Ratio | 0.0893 | |||
| Treynor Ratio | 0.7696 |
Roku Inc Backtested Returns
Roku appears to be not too volatile, given 3 months investment horizon. Roku Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Roku Inc, which you can use to evaluate the volatility of the company. Please evaluate Roku's Semi Deviation of 2.36, coefficient of variation of 1210.8, and Risk Adjusted Performance of 0.0684 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Roku holds a performance score of 10. The company holds a Beta of 0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Roku's returns are expected to increase less than the market. However, during the bear market, the loss of holding Roku is expected to be smaller as well. Please check Roku's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Roku's historical price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Roku Inc has insignificant predictability. Overlapping area represents the amount of predictability between Roku time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Roku Inc price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Roku price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1.77 |
Roku Inc lagged returns against current returns
Autocorrelation, which is Roku 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 Roku's stock expected returns. We can calculate the autocorrelation of Roku returns to help us make a trade decision. For example, suppose you find that Roku 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 |
Roku 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 Roku stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roku stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roku stock over time.
Current vs Lagged Prices |
| Timeline |
Roku Lagged Returns
When evaluating Roku's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roku stock have on its future price. Roku 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, Roku autocorrelation shows the relationship between Roku stock current value and its past values and can show if there is a momentum factor associated with investing in Roku 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.Additional Information and Resources on Investing in Roku Stock
When determining whether Roku Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Roku Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Roku Inc Stock. Highlighted below are key reports to facilitate an investment decision about Roku Inc Stock:Check out Roku Correlation, Roku Volatility and Roku Alpha and Beta module to complement your research on Roku. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Roku technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.