Rogers Communications Stock Market Value
| RCI-A Stock | CAD 44.25 0.40 0.91% |
| Symbol | Rogers |
Rogers Communications Price To Book Ratio
Rogers Communications '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 Rogers Communications' 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 Rogers Communications.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Rogers Communications on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Rogers Communications or generate 0.0% return on investment in Rogers Communications over 90 days. Rogers Communications is related to or competes with CVS HEALTH, Summa Silver, DRI Healthcare, Jamieson Wellness, Globex Mining, NeXGold Mining, and NexPoint Hospitality. Rogers Communications Inc. operates as a communications and media company in Canada More
Rogers Communications 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 Rogers Communications' 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 Rogers Communications upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.59 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 3.82 |
Rogers Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rogers Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rogers Communications' standard deviation. In reality, there are many statistical measures that can use Rogers Communications historical prices to predict the future Rogers Communications' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 39.23 |
Rogers Communications Backtested Returns
Rogers Communications maintains Sharpe Ratio (i.e., Efficiency) of -0.0734, which implies the firm had a -0.0734 % return per unit of risk over the last 3 months. Rogers Communications exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rogers Communications' Risk Adjusted Performance of (0.10), variance of 4.12, and Coefficient Of Variation of (802.41) to confirm the risk estimate we provide. The company holds a Beta of -0.0067, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rogers Communications are expected to decrease at a much lower rate. During the bear market, Rogers Communications is likely to outperform the market. At this point, Rogers Communications has a negative expected return of -0.15%. Please make sure to check Rogers Communications' jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Rogers Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Rogers Communications has virtually no predictability. Overlapping area represents the amount of predictability between Rogers Communications time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Rogers Communications price movement. The serial correlation of 0.03 indicates that only 3.0% of current Rogers Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Rogers Communications lagged returns against current returns
Autocorrelation, which is Rogers Communications 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 Rogers Communications' stock expected returns. We can calculate the autocorrelation of Rogers Communications returns to help us make a trade decision. For example, suppose you find that Rogers Communications 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 |
Rogers Communications 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 Rogers Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rogers Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rogers Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Rogers Communications Lagged Returns
When evaluating Rogers Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rogers Communications stock have on its future price. Rogers Communications 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, Rogers Communications autocorrelation shows the relationship between Rogers Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Rogers Communications.
Regressed Prices |
| Timeline |
Pair Trading with Rogers Communications
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 Rogers Communications 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 Rogers Communications will appreciate offsetting losses from the drop in the long position's value.Moving together with Rogers Stock
Moving against Rogers Stock
The ability to find closely correlated positions to Rogers Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rogers Communications 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 Rogers Communications - 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 Rogers Communications to buy it.
The correlation of Rogers Communications 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 Rogers Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rogers Communications 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 Rogers Communications 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.Additional Tools for Rogers Stock Analysis
When running Rogers Communications' price analysis, check to measure Rogers Communications' 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 Rogers Communications is operating at the current time. Most of Rogers Communications' value examination focuses on studying past and present price action to predict the probability of Rogers Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rogers Communications' price. Additionally, you may evaluate how the addition of Rogers Communications to your portfolios can decrease your overall portfolio volatility.