Indstrias Romi (Brazil) Market Value
| ROMI3 Stock | BRL 9.34 0.06 0.65% |
| Symbol | Indstrias |
Indstrias Romi '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 Indstrias Romi'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 Indstrias Romi.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Indstrias Romi on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Indstrias Romi SA or generate 0.0% return on investment in Indstrias Romi over 30 days. Indstrias Romi is related to or competes with SLC Agrcola, Camil Alimentos, Marcopolo, Movida Participaes, and Iochpe Maxion. Romi S.A. manufactures and sells machine tools, plastic processing machines, and cast and machined cast iron parts in Br... More
Indstrias Romi 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 Indstrias Romi'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 Indstrias Romi SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.0305 | |||
| Maximum Drawdown | 7.84 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 3.53 |
Indstrias Romi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indstrias Romi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indstrias Romi's standard deviation. In reality, there are many statistical measures that can use Indstrias Romi historical prices to predict the future Indstrias Romi's volatility.| Risk Adjusted Performance | 0.03 | |||
| Jensen Alpha | 0.059 | |||
| Total Risk Alpha | 0.0707 | |||
| Sortino Ratio | 0.0292 | |||
| Treynor Ratio | 0.0619 |
Indstrias Romi SA Backtested Returns
Currently, Indstrias Romi SA is not too volatile. Indstrias Romi SA holds Efficiency (Sharpe) Ratio of 0.0391, which attests that the entity had a 0.0391 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Indstrias Romi SA, which you can use to evaluate the volatility of the firm. Please check out Indstrias Romi's Downside Deviation of 2.05, risk adjusted performance of 0.03, and Market Risk Adjusted Performance of 0.0719 to validate if the risk estimate we provide is consistent with the expected return of 0.0736%. Indstrias Romi has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.86, which attests to possible diversification benefits within a given portfolio. Indstrias Romi returns are very sensitive to returns on the market. As the market goes up or down, Indstrias Romi is expected to follow. Indstrias Romi SA right now retains a risk of 1.88%. Please check out Indstrias Romi downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Indstrias Romi will be following its current trending patterns.
Auto-correlation | 0.69 |
Good predictability
Indstrias Romi SA has good predictability. Overlapping area represents the amount of predictability between Indstrias Romi time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th 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 Indstrias Romi SA price movement. The serial correlation of 0.69 indicates that around 69.0% of current Indstrias Romi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Indstrias Romi SA lagged returns against current returns
Autocorrelation, which is Indstrias Romi 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 Indstrias Romi's stock expected returns. We can calculate the autocorrelation of Indstrias Romi returns to help us make a trade decision. For example, suppose you find that Indstrias Romi 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 |
Indstrias Romi 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 Indstrias Romi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indstrias Romi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indstrias Romi stock over time.
Current vs Lagged Prices |
| Timeline |
Indstrias Romi Lagged Returns
When evaluating Indstrias Romi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indstrias Romi stock have on its future price. Indstrias Romi 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, Indstrias Romi autocorrelation shows the relationship between Indstrias Romi stock current value and its past values and can show if there is a momentum factor associated with investing in Indstrias Romi SA.
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 Tools for Indstrias Stock Analysis
When running Indstrias Romi's price analysis, check to measure Indstrias Romi's 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 Indstrias Romi is operating at the current time. Most of Indstrias Romi's value examination focuses on studying past and present price action to predict the probability of Indstrias Romi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indstrias Romi's price. Additionally, you may evaluate how the addition of Indstrias Romi to your portfolios can decrease your overall portfolio volatility.