Royce Global Value Stock Market Value
| RGT Stock | USD 11.79 0.07 0.60% |
| Symbol | Royce |
Royce Global Value Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Royce Global. If investors know Royce will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Royce Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.79 | Return On Equity (27.07) |
The market value of Royce Global Value is measured differently than its book value, which is the value of Royce that is recorded on the company's balance sheet. Investors also form their own opinion of Royce Global's value that differs from its market value or its book value, called intrinsic value, which is Royce Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Royce Global's market value can be influenced by many factors that don't directly affect Royce Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Royce Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royce Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royce Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Royce Global '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 Royce Global'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 Royce Global.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Royce Global on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Royce Global Value or generate 0.0% return on investment in Royce Global over 30 days. Royce Global is related to or competes with Western Asset, Invesco Trust, Logan Ridge, Invesco Advantage, Invesco Municipal, Rand Capital, and Noah Holdings. Royce Global Value Trust, Inc. was a closed ended equity mutual fund launched and managed by Royce Associates, LLC More
Royce Global 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 Royce Global'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 Royce Global Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9349 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.27 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.31 |
Royce Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royce Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royce Global's standard deviation. In reality, there are many statistical measures that can use Royce Global historical prices to predict the future Royce Global's volatility.| Risk Adjusted Performance | 0.0447 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.0519 |
Royce Global Value Backtested Returns
Currently, Royce Global Value is very steady. Royce Global Value maintains Sharpe Ratio (i.e., Efficiency) of 0.0631, which implies the firm had a 0.0631% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Royce Global Value, which you can use to evaluate the volatility of the company. Please check Royce Global's Risk Adjusted Performance of 0.0447, semi deviation of 0.824, and Coefficient Of Variation of 1739.77 to confirm if the risk estimate we provide is consistent with the expected return of 0.0502%. Royce Global has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.73, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Royce Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Royce Global is expected to be smaller as well. Royce Global Value right now holds a risk of 0.8%. Please check Royce Global Value maximum drawdown, skewness, as well as the relationship between the Skewness and day typical price , to decide if Royce Global Value will be following its historical price patterns.
Auto-correlation | 0.17 |
Very weak predictability
Royce Global Value has very weak predictability. Overlapping area represents the amount of predictability between Royce Global time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Royce Global Value price movement. The serial correlation of 0.17 indicates that over 17.0% of current Royce Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Royce Global Value lagged returns against current returns
Autocorrelation, which is Royce Global 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 Royce Global's stock expected returns. We can calculate the autocorrelation of Royce Global returns to help us make a trade decision. For example, suppose you find that Royce Global 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 |
Royce Global 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 Royce Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royce Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royce Global stock over time.
Current vs Lagged Prices |
| Timeline |
Royce Global Lagged Returns
When evaluating Royce Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royce Global stock have on its future price. Royce Global 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, Royce Global autocorrelation shows the relationship between Royce Global stock current value and its past values and can show if there is a momentum factor associated with investing in Royce Global Value.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Royce Stock Analysis
When running Royce Global's price analysis, check to measure Royce Global'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 Royce Global is operating at the current time. Most of Royce Global's value examination focuses on studying past and present price action to predict the probability of Royce Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royce Global's price. Additionally, you may evaluate how the addition of Royce Global to your portfolios can decrease your overall portfolio volatility.