Robit Oyj (Finland) Market Value
| ROBIT Stock | EUR 1.29 0.01 0.78% |
| Symbol | Robit |
Robit Oyj '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 Robit Oyj'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 Robit Oyj.
| 06/30/2024 |
| 12/27/2024 |
If you would invest 0.00 in Robit Oyj on June 30, 2024 and sell it all today you would earn a total of 0.00 from holding Robit Oyj or generate 0.0% return on investment in Robit Oyj over 180 days. Robit Oyj is related to or competes with Kamux Suomi, Tokmanni Group, Wartsila Oyj, Tecnotree Oyj, and Qt Group. Robit Oyj manufactures and sells drilling consumables for applications in mining, construction and contracting, tunnelin... More
Robit Oyj 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 Robit Oyj'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 Robit Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 11.82 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 2.19 |
Robit Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Robit Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Robit Oyj's standard deviation. In reality, there are many statistical measures that can use Robit Oyj historical prices to predict the future Robit Oyj's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 5.87 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Robit Oyj'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.
Robit Oyj Backtested Returns
Robit Oyj maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Robit Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Robit Oyj's Coefficient Of Variation of (593.25), variance of 4.52, and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide. The company holds a Beta of -0.0628, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Robit Oyj are expected to decrease at a much lower rate. During the bear market, Robit Oyj is likely to outperform the market. At this point, Robit Oyj has a negative expected return of -0.36%. Please make sure to check Robit Oyj's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Robit Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Robit Oyj has poor predictability. Overlapping area represents the amount of predictability between Robit Oyj time series from 30th of June 2024 to 28th of September 2024 and 28th of September 2024 to 27th 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 Robit Oyj price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Robit Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Robit Oyj lagged returns against current returns
Autocorrelation, which is Robit Oyj 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 Robit Oyj's stock expected returns. We can calculate the autocorrelation of Robit Oyj returns to help us make a trade decision. For example, suppose you find that Robit Oyj 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 |
Robit Oyj 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 Robit Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Robit Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Robit Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Robit Oyj Lagged Returns
When evaluating Robit Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Robit Oyj stock have on its future price. Robit Oyj 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, Robit Oyj autocorrelation shows the relationship between Robit Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Robit Oyj.
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 Robit Stock
Robit Oyj financial ratios help investors to determine whether Robit 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 Robit with respect to the benefits of owning Robit Oyj security.