RomReal (Norway) Market Value
| ROM Stock | NOK 2.72 0.02 0.74% |
| Symbol | RomReal |
RomReal '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 RomReal'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 RomReal.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in RomReal on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding RomReal Limited or generate 0.0% return on investment in RomReal over 30 days. RomReal is related to or competes with Grieg Seafood, Cloudberry Clean, Eidesvik Offshore, Odfjell Drilling, Goodtech, and Vow Green. RomReal Limited, together with its subsidiaries, invests in and develops real estate properties in Romania More
RomReal 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 RomReal'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 RomReal Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 30.09 | |||
| Value At Risk | (8.82) | |||
| Potential Upside | 8.39 |
RomReal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RomReal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RomReal's standard deviation. In reality, there are many statistical measures that can use RomReal historical prices to predict the future RomReal's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | 0.2442 |
RomReal Limited Backtested Returns
RomReal Limited maintains Sharpe Ratio (i.e., Efficiency) of -0.0284, which implies the firm had a -0.0284% return per unit of risk over the last 3 months. RomReal Limited exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RomReal's Coefficient Of Variation of (5,122), risk adjusted performance of (0.01), and Variance of 29.14 to confirm the risk estimate we provide. The company holds a Beta of -0.47, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning RomReal are expected to decrease at a much lower rate. During the bear market, RomReal is likely to outperform the market. At this point, RomReal Limited has a negative expected return of -0.15%. Please make sure to check RomReal's kurtosis, and the relationship between the treynor ratio and day median price , to decide if RomReal Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
RomReal Limited has poor reverse predictability. Overlapping area represents the amount of predictability between RomReal time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 RomReal Limited price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current RomReal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
RomReal Limited lagged returns against current returns
Autocorrelation, which is RomReal 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 RomReal's stock expected returns. We can calculate the autocorrelation of RomReal returns to help us make a trade decision. For example, suppose you find that RomReal 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 |
RomReal 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 RomReal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RomReal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RomReal stock over time.
Current vs Lagged Prices |
| Timeline |
RomReal Lagged Returns
When evaluating RomReal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RomReal stock have on its future price. RomReal 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, RomReal autocorrelation shows the relationship between RomReal stock current value and its past values and can show if there is a momentum factor associated with investing in RomReal Limited.
Regressed Prices |
| Timeline |
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RomReal financial ratios help investors to determine whether RomReal 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 RomReal with respect to the benefits of owning RomReal security.