Roku Inc Stock Market Value
| ROKU Stock | USD 72.03 0.24 0.33% |
| Symbol | Roku |
Roku Inc Price To Book Ratio
Is Movies & Entertainment 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 Roku. If investors know Roku 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 Roku 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 (0.65) | Earnings Share (1.19) | Revenue Per Share 27.058 | Quarterly Revenue Growth 0.165 | Return On Assets (0.03) |
The market value of Roku Inc is measured differently than its book value, which is the value of Roku that is recorded on the company's balance sheet. Investors also form their own opinion of Roku's value that differs from its market value or its book value, called intrinsic value, which is Roku'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 Roku's market value can be influenced by many factors that don't directly affect Roku'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 Roku's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roku is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roku'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.
Roku '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 Roku'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 Roku.
| 11/19/2022 |
| 11/08/2024 |
If you would invest 0.00 in Roku on November 19, 2022 and sell it all today you would earn a total of 0.00 from holding Roku Inc or generate 0.0% return on investment in Roku over 720 days. Roku is related to or competes with Disney, AMC Entertainment, Paramount Global, Warner Bros, Netflix, and Paramount Global. Roku, Inc., together with its subsidiaries, operates a TV streaming platform More
Roku 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 Roku'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 Roku Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.08 | |||
| Information Ratio | 0.0953 | |||
| Maximum Drawdown | 29.2 | |||
| Value At Risk | (3.83) | |||
| Potential Upside | 5.67 |
Roku Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roku's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roku's standard deviation. In reality, there are many statistical measures that can use Roku historical prices to predict the future Roku's volatility.| Risk Adjusted Performance | 0.1214 | |||
| Jensen Alpha | 0.1516 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0871 | |||
| Treynor Ratio | 0.2461 |
Roku Inc Backtested Returns
Roku appears to be very steady, given 3 months investment horizon. Roku Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Roku's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please evaluate Roku's Risk Adjusted Performance of 0.1214, coefficient of variation of 689.08, and Semi Deviation of 3.49 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Roku holds a performance score of 11. The company holds a Beta of 2.16, 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, Roku will likely underperform. Please check Roku's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Roku's historical price patterns will revert.
Auto-correlation | -0.52 |
Good reverse predictability
Roku Inc has good reverse predictability. Overlapping area represents the amount of predictability between Roku time series from 19th of November 2022 to 14th of November 2023 and 14th of November 2023 to 8th of November 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 Roku Inc price movement. The serial correlation of -0.52 indicates that about 52.0% of current Roku price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 217.53 |
Roku Inc lagged returns against current returns
Autocorrelation, which is Roku 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 Roku's stock expected returns. We can calculate the autocorrelation of Roku returns to help us make a trade decision. For example, suppose you find that Roku 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 |
Roku 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 Roku stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roku stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roku stock over time.
Current vs Lagged Prices |
| Timeline |
Roku Lagged Returns
When evaluating Roku's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roku stock have on its future price. Roku 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, Roku autocorrelation shows the relationship between Roku stock current value and its past values and can show if there is a momentum factor associated with investing in Roku Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Roku Stock Analysis
When running Roku's price analysis, check to measure Roku'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 Roku is operating at the current time. Most of Roku's value examination focuses on studying past and present price action to predict the probability of Roku's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roku's price. Additionally, you may evaluate how the addition of Roku to your portfolios can decrease your overall portfolio volatility.