ROCKWOOL International (Denmark) Market Value
| ROCK-B Stock | DKK 2,688 66.00 2.52% |
| Symbol | ROCKWOOL |
ROCKWOOL International '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 ROCKWOOL International'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 ROCKWOOL International.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in ROCKWOOL International on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding ROCKWOOL International AS or generate 0.0% return on investment in ROCKWOOL International over 540 days. ROCKWOOL International is related to or competes with FLSmidth, GN Store, Ambu AS, DSV Panalpina, and Genmab AS. ROCKWOOL International AS, together with its subsidiaries, manufactures and sells stone wool insulations in Western Euro... More
ROCKWOOL International 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 ROCKWOOL International'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 ROCKWOOL International AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 15.07 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 2.79 |
ROCKWOOL International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ROCKWOOL International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ROCKWOOL International's standard deviation. In reality, there are many statistical measures that can use ROCKWOOL International historical prices to predict the future ROCKWOOL International's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.84) |
ROCKWOOL International Backtested Returns
ROCKWOOL International retains Efficiency (Sharpe Ratio) of -0.0528, which implies the firm had a -0.0528% return per unit of risk over the last 3 months. ROCKWOOL International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ROCKWOOL International's coefficient of variation of (2,418), and Market Risk Adjusted Performance of (0.83) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, ROCKWOOL International's returns are expected to increase less than the market. However, during the bear market, the loss of holding ROCKWOOL International is expected to be smaller as well. At this point, ROCKWOOL International has a negative expected return of -0.11%. Please make sure to check ROCKWOOL International's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if ROCKWOOL International performance from the past will be repeated at future time.
Auto-correlation | 0.29 |
Poor predictability
ROCKWOOL International AS has poor predictability. Overlapping area represents the amount of predictability between ROCKWOOL International time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 ROCKWOOL International price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current ROCKWOOL International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 100.5 K |
ROCKWOOL International lagged returns against current returns
Autocorrelation, which is ROCKWOOL International 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 ROCKWOOL International's stock expected returns. We can calculate the autocorrelation of ROCKWOOL International returns to help us make a trade decision. For example, suppose you find that ROCKWOOL International 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 |
ROCKWOOL International 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 ROCKWOOL International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ROCKWOOL International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ROCKWOOL International stock over time.
Current vs Lagged Prices |
| Timeline |
ROCKWOOL International Lagged Returns
When evaluating ROCKWOOL International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ROCKWOOL International stock have on its future price. ROCKWOOL International 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, ROCKWOOL International autocorrelation shows the relationship between ROCKWOOL International stock current value and its past values and can show if there is a momentum factor associated with investing in ROCKWOOL International AS.
Regressed Prices |
| Timeline |
Pair Trading with ROCKWOOL International
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 ROCKWOOL International 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 ROCKWOOL International will appreciate offsetting losses from the drop in the long position's value.Moving together with ROCKWOOL Stock
The ability to find closely correlated positions to ROCKWOOL International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ROCKWOOL International 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 ROCKWOOL International - 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 ROCKWOOL International AS to buy it.
The correlation of ROCKWOOL International 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 ROCKWOOL International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ROCKWOOL International 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 ROCKWOOL International 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 ROCKWOOL Stock
ROCKWOOL International financial ratios help investors to determine whether ROCKWOOL 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 ROCKWOOL with respect to the benefits of owning ROCKWOOL International security.