Rubis Stock Market Value
| RUBSF Stock | USD 36.89 0.00 0.00% |
| Symbol | Rubis |
Rubis '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 Rubis' pink sheet 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 Rubis.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Rubis on April 29, 2022 and sell it all today you would earn a total of 0.00 from holding Rubis or generate 0.0% return on investment in Rubis over 720 days. Rubis is related to or competes with Delek Energy, PBF Energy, HF Sinclair, Delek Logistics, Valero Energy, CVR Energy, and Phillips. Rubis, through its subsidiaries, engages in the operation of bulk liquid storage facilities and distribution of petroleu... More
Rubis 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 Rubis' pink sheet 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 Rubis upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2515 | |||
| Maximum Drawdown | 15.67 | |||
| Potential Upside | 4.56 |
Rubis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rubis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rubis' standard deviation. In reality, there are many statistical measures that can use Rubis historical prices to predict the future Rubis' volatility.| Risk Adjusted Performance | 0.1798 | |||
| Jensen Alpha | 0.6727 | |||
| Total Risk Alpha | 0.5022 | |||
| Treynor Ratio | 2.37 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rubis' 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.
Rubis Backtested Returns
Rubis appears to be very steady, given 3 months investment horizon. Rubis maintains Sharpe Ratio (i.e., Efficiency) of 0.25, which implies the firm had a 0.25% return per unit of risk over the last 3 months. By analyzing Rubis' technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please evaluate Rubis' Variance of 6.48, coefficient of variation of 365.92, and Risk Adjusted Performance of 0.1798 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rubis holds a performance score of 19. The company holds a Beta of 0.29, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rubis' returns are expected to increase less than the market. However, during the bear market, the loss of holding Rubis is expected to be smaller as well. Please check Rubis' information ratio, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Rubis' historical price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Rubis has very weak reverse predictability. Overlapping area represents the amount of predictability between Rubis time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th of April 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 Rubis price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Rubis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 5.3 |
Rubis lagged returns against current returns
Autocorrelation, which is Rubis pink sheet'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 Rubis' pink sheet expected returns. We can calculate the autocorrelation of Rubis returns to help us make a trade decision. For example, suppose you find that Rubis has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Rubis 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 Rubis pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rubis pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rubis pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Rubis Lagged Returns
When evaluating Rubis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rubis pink sheet have on its future price. Rubis 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, Rubis autocorrelation shows the relationship between Rubis pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Rubis.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Rubis Correlation, Rubis Volatility and Rubis Alpha and Beta module to complement your research on Rubis. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Rubis Pink Sheet analysis
When running Rubis' price analysis, check to measure Rubis' 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 Rubis is operating at the current time. Most of Rubis' value examination focuses on studying past and present price action to predict the probability of Rubis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rubis' price. Additionally, you may evaluate how the addition of Rubis to your portfolios can decrease your overall portfolio volatility.
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Rubis technical pink sheet 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, pink sheet market cycles, or different charting patterns.