Royal Bank Of Stock Market Value
| RY Stock | CAD 180.07 0.81 0.45% |
| Symbol | Royal |
Royal Bank Price To Book Ratio
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.
| 04/25/2025 |
| 07/24/2025 |
If you would invest 0.00 in Royal Bank on April 25, 2025 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 90 days. Royal Bank is related to or competes with Toronto Dominion, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial, and BCE. 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 | 0.9524 | |||
| Information Ratio | 0.0074 | |||
| Maximum Drawdown | 5.76 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.19 |
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 | 0.25 | |||
| Jensen Alpha | 0.2202 | |||
| Total Risk Alpha | 0.0302 | |||
| Sortino Ratio | 0.0061 | |||
| Treynor Ratio | (5.09) |
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
As of now, Royal Stock is very steady. Royal Bank maintains Sharpe Ratio (i.e., Efficiency) of 0.24, which implies the firm had a 0.24 % return per unit of risk over the last 3 months. We have found twenty-eight 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 0.25, semi deviation of 0.6328, and Coefficient Of Variation of 354.1 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Royal Bank has a performance score of 18 on a scale of 0 to 100. The company holds a Beta of -0.0416, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Royal Bank are expected to decrease at a much lower rate. During the bear market, Royal Bank is likely to outperform the market. Royal Bank right now holds a risk of 0.76%. Please check Royal Bank maximum drawdown, expected short fall, as well as the relationship between the Expected Short fall and rate of daily change , to decide if Royal Bank will be following its historical price patterns.
Auto-correlation | 0.88 |
Very good predictability
Royal Bank of has very good predictability. Overlapping area represents the amount of predictability between Royal Bank time series from 25th of April 2025 to 9th of June 2025 and 9th of June 2025 to 24th of July 2025. 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 0.88 indicates that approximately 88.0% of current Royal Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 8.21 |
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 |
Pair Trading with Royal Bank
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 Royal Bank 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 Royal Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with Royal Stock
| 0.9 | ASM | Avino Silver Gold | PairCorr |
| 0.62 | CNQ | Canadian Natural Res | PairCorr |
| 0.88 | BIP-PB | Brookfield Infrastructure Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Royal Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Royal Bank 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 Royal Bank - 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 Royal Bank of to buy it.
The correlation of Royal Bank 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 Royal Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Royal Bank 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 Royal Bank 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.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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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.