AROBS TRANSILVANIA (Romania) Market Value
| AROBS Stock | 0.68 0.04 5.56% |
| Symbol | AROBS |
AROBS TRANSILVANIA '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 AROBS TRANSILVANIA'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 AROBS TRANSILVANIA.
| 09/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in AROBS TRANSILVANIA on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding AROBS TRANSILVANIA SOFTWARE or generate 0.0% return on investment in AROBS TRANSILVANIA over 90 days.
AROBS TRANSILVANIA 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 AROBS TRANSILVANIA'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 AROBS TRANSILVANIA SOFTWARE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 6.19 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 1.16 |
AROBS TRANSILVANIA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AROBS TRANSILVANIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AROBS TRANSILVANIA's standard deviation. In reality, there are many statistical measures that can use AROBS TRANSILVANIA historical prices to predict the future AROBS TRANSILVANIA's volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 3.52 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AROBS TRANSILVANIA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
AROBS TRANSILVANIA Backtested Returns
AROBS TRANSILVANIA secures Sharpe Ratio (or Efficiency) of -0.28, which signifies that the company had a -0.28% return per unit of risk over the last 3 months. AROBS TRANSILVANIA SOFTWARE exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AROBS TRANSILVANIA's mean deviation of 0.9755, and Risk Adjusted Performance of (0.21) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AROBS TRANSILVANIA are expected to decrease at a much lower rate. During the bear market, AROBS TRANSILVANIA is likely to outperform the market. At this point, AROBS TRANSILVANIA has a negative expected return of -0.39%. Please make sure to confirm AROBS TRANSILVANIA's information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if AROBS TRANSILVANIA performance from the past will be repeated at future time.
Auto-correlation | 0.59 |
Modest predictability
AROBS TRANSILVANIA SOFTWARE has modest predictability. Overlapping area represents the amount of predictability between AROBS TRANSILVANIA time series from 5th of September 2024 to 20th of October 2024 and 20th of October 2024 to 4th 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 AROBS TRANSILVANIA price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current AROBS TRANSILVANIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AROBS TRANSILVANIA lagged returns against current returns
Autocorrelation, which is AROBS TRANSILVANIA 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 AROBS TRANSILVANIA's stock expected returns. We can calculate the autocorrelation of AROBS TRANSILVANIA returns to help us make a trade decision. For example, suppose you find that AROBS TRANSILVANIA 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 |
AROBS TRANSILVANIA 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 AROBS TRANSILVANIA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AROBS TRANSILVANIA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AROBS TRANSILVANIA stock over time.
Current vs Lagged Prices |
| Timeline |
AROBS TRANSILVANIA Lagged Returns
When evaluating AROBS TRANSILVANIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AROBS TRANSILVANIA stock have on its future price. AROBS TRANSILVANIA 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, AROBS TRANSILVANIA autocorrelation shows the relationship between AROBS TRANSILVANIA stock current value and its past values and can show if there is a momentum factor associated with investing in AROBS TRANSILVANIA SOFTWARE.
Regressed Prices |
| Timeline |
Pair Trading with AROBS TRANSILVANIA
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 AROBS TRANSILVANIA 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 AROBS TRANSILVANIA will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to AROBS TRANSILVANIA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AROBS TRANSILVANIA 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 AROBS TRANSILVANIA - 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 AROBS TRANSILVANIA SOFTWARE to buy it.
The correlation of AROBS TRANSILVANIA 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 AROBS TRANSILVANIA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AROBS TRANSILVANIA 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 AROBS TRANSILVANIA 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 AROBS Stock Analysis
When running AROBS TRANSILVANIA's price analysis, check to measure AROBS TRANSILVANIA'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 AROBS TRANSILVANIA is operating at the current time. Most of AROBS TRANSILVANIA's value examination focuses on studying past and present price action to predict the probability of AROBS TRANSILVANIA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AROBS TRANSILVANIA's price. Additionally, you may evaluate how the addition of AROBS TRANSILVANIA to your portfolios can decrease your overall portfolio volatility.