Royal Bank Of Stock Market Value
| RY Stock | USD 101.17 1.95 1.97% |
| Symbol | Royal |
Royal Bank Price To Book Ratio
Is Royal Bank's industry 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 Royal Bank. If investors know Royal 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 Royal Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.121 | Dividend Share 5.4 | Earnings Share 7.85 | Revenue Per Share 38.304 | Quarterly Revenue Growth (0.01) |
The market value of Royal Bank is measured differently than its book value, which is the value of Royal that is recorded on the company's balance sheet. Investors also form their own opinion of Royal Bank's value that differs from its market value or its book value, called intrinsic value, which is Royal Bank'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 Royal Bank's market value can be influenced by many factors that don't directly affect Royal Bank'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 Royal Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royal Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royal Bank'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.
Royal Bank '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 Royal Bank'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 Royal Bank.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Royal Bank on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Royal Bank of or generate 0.0% return on investment in Royal Bank over 30 days. Royal Bank is related to or competes with Canadian Imperial, Bank of Montreal, Bank of Nova Scotia, Bank of America, Toronto Dominion, JPMorgan Chase, and Citigroup. Royal Bank of Canada operates as a diversified financial service company worldwide More
Royal Bank 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 Royal Bank'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 Royal Bank of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.01 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.62 |
Royal Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royal Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royal Bank's standard deviation. In reality, there are many statistical measures that can use Royal Bank historical prices to predict the future Royal Bank's volatility.| Risk Adjusted Performance | 0.0512 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0543 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Royal Bank'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.
Royal Bank Backtested Returns
We consider Royal Bank very steady. Royal Bank maintains Sharpe Ratio (i.e., Efficiency) of 0.097, which implies the firm had a 0.097% return per unit of risk over the last 3 months. We have found thirty technical indicators for Royal Bank, which you can use to evaluate the volatility of the company. Please check Royal Bank's Risk Adjusted Performance of 0.0512, semi deviation of 1.02, and Coefficient Of Variation of 1325.65 to confirm if the risk estimate we provide is consistent with the expected return of 0.0954%. Royal Bank has a performance score of 7 on a scale of 0 to 100. The company holds a Beta of 1.19, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Royal Bank will likely underperform. Royal Bank right now holds a risk of 0.98%. Please check Royal Bank downside variance, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Royal Bank will be following its historical price patterns.
Auto-correlation | -0.32 |
Poor reverse predictability
Royal Bank of has poor reverse predictability. Overlapping area represents the amount of predictability between Royal Bank time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 Royal Bank price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Royal Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 1.96 |
Royal Bank lagged returns against current returns
Autocorrelation, which is Royal Bank 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 Royal Bank's stock expected returns. We can calculate the autocorrelation of Royal Bank returns to help us make a trade decision. For example, suppose you find that Royal Bank 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 |
Royal Bank 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 Royal Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royal Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royal Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Royal Bank Lagged Returns
When evaluating Royal Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royal Bank stock have on its future price. Royal Bank 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, Royal Bank autocorrelation shows the relationship between Royal Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Royal Bank of.
Regressed Prices |
| Timeline |
Royal Bank Investors Sentiment
The influence of Royal Bank's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Royal. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Royal Bank's public news can be used to forecast risks associated with an investment in Royal. The trend in average sentiment can be used to explain how an investor holding Royal can time the market purely based on public headlines and social activities around Royal Bank of. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Royal Bank's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Royal Bank's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Royal Bank's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Royal Bank.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Royal Bank in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Royal Bank's short interest history, or implied volatility extrapolated from Royal Bank options trading.
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When determining whether Royal Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Royal Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Royal Bank Of Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Royal Bank Of Stock:Check out Royal Bank Correlation, Royal Bank Volatility and Royal Bank Alpha and Beta module to complement your research on Royal Bank. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Royal Stock analysis
When running Royal Bank's price analysis, check to measure Royal Bank'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 Royal Bank is operating at the current time. Most of Royal Bank's value examination focuses on studying past and present price action to predict the probability of Royal Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royal Bank's price. Additionally, you may evaluate how the addition of Royal Bank to your portfolios can decrease your overall portfolio volatility.
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Royal Bank technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.