ROYALTY PHARMA PLC Market Value
| 78081BAJ2 | 92.54 0.45 0.48% |
| Symbol | ROYALTY |
ROYALTY '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 ROYALTY's bond 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 ROYALTY.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in ROYALTY on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding ROYALTY PHARMA PLC or generate 0.0% return on investment in ROYALTY over 90 days. ROYALTY is related to or competes with WK Kellogg, Bridgford Foods, BBB Foods, Andersons, Solstad Offshore, and Willamette Valley. More
ROYALTY 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 ROYALTY's bond 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 ROYALTY PHARMA PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 0.5103 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.2159 |
ROYALTY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ROYALTY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ROYALTY's standard deviation. In reality, there are many statistical measures that can use ROYALTY historical prices to predict the future ROYALTY's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | 0.0276 | |||
| Treynor Ratio | (0.50) |
ROYALTY PHARMA PLC Backtested Returns
ROYALTY PHARMA PLC maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the entity had a -0.12 % return per unit of risk over the last 3 months. ROYALTY PHARMA PLC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ROYALTY's Coefficient Of Variation of (856.10), risk adjusted performance of (0.1), and Variance of 1.12 to confirm the risk estimate we provide. The bond holds a Beta of 0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, ROYALTY's returns are expected to increase less than the market. However, during the bear market, the loss of holding ROYALTY is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
ROYALTY PHARMA PLC has modest predictability. Overlapping area represents the amount of predictability between ROYALTY time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th 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 ROYALTY PHARMA PLC price movement. The serial correlation of 0.54 indicates that about 54.0% of current ROYALTY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
ROYALTY PHARMA PLC lagged returns against current returns
Autocorrelation, which is ROYALTY bond'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 ROYALTY's bond expected returns. We can calculate the autocorrelation of ROYALTY returns to help us make a trade decision. For example, suppose you find that ROYALTY has exhibited high autocorrelation historically, and you observe that the bond 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 |
ROYALTY 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 ROYALTY bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ROYALTY bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ROYALTY bond over time.
Current vs Lagged Prices |
| Timeline |
ROYALTY Lagged Returns
When evaluating ROYALTY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ROYALTY bond have on its future price. ROYALTY 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, ROYALTY autocorrelation shows the relationship between ROYALTY bond current value and its past values and can show if there is a momentum factor associated with investing in ROYALTY PHARMA PLC.
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.Other Information on Investing in ROYALTY Bond
ROYALTY financial ratios help investors to determine whether ROYALTY Bond 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 ROYALTY with respect to the benefits of owning ROYALTY security.