Rockridge Resources Stock Market Value
| ROCK Stock | CAD 0.02 0.01 33.33% |
| Symbol | Rockridge |
Rockridge Resources Price To Book Ratio
Rockridge Resources '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 Rockridge Resources' 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 Rockridge Resources.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Rockridge Resources on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Rockridge Resources or generate 0.0% return on investment in Rockridge Resources over 720 days. Rockridge Resources is related to or competes with Foraco International, and Bri Chem. Rockridge Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada More
Rockridge Resources 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 Rockridge Resources' 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 Rockridge Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1021 | |||
| Maximum Drawdown | 83.33 | |||
| Potential Upside | 33.33 |
Rockridge Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rockridge Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rockridge Resources' standard deviation. In reality, there are many statistical measures that can use Rockridge Resources historical prices to predict the future Rockridge Resources' volatility.| Risk Adjusted Performance | 0.0925 | |||
| Jensen Alpha | 1.26 | |||
| Total Risk Alpha | 0.9622 | |||
| Treynor Ratio | (3.28) |
Rockridge Resources Backtested Returns
Rockridge Resources is out of control given 3 months investment horizon. Rockridge Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0924, which implies the firm had a 0.0924% return per unit of risk over the last 3 months. We were able to break down twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.06% are justified by taking the suggested risk. Use Rockridge Resources Risk Adjusted Performance of 0.0925, variance of 145.82, and Coefficient Of Variation of 956.38 to evaluate company specific risk that cannot be diversified away. Rockridge Resources holds a performance score of 7 on a scale of zero to a hundred. The company holds a Beta of -0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Rockridge Resources are expected to decrease at a much lower rate. During the bear market, Rockridge Resources is likely to outperform the market. Use Rockridge Resources variance, jensen alpha, and the relationship between the standard deviation and information ratio , to analyze future returns on Rockridge Resources.
Auto-correlation | 0.12 |
Insignificant predictability
Rockridge Resources has insignificant predictability. Overlapping area represents the amount of predictability between Rockridge Resources time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 Rockridge Resources price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Rockridge Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rockridge Resources lagged returns against current returns
Autocorrelation, which is Rockridge Resources 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 Rockridge Resources' stock expected returns. We can calculate the autocorrelation of Rockridge Resources returns to help us make a trade decision. For example, suppose you find that Rockridge Resources 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 |
Rockridge Resources 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 Rockridge Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rockridge Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rockridge Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Rockridge Resources Lagged Returns
When evaluating Rockridge Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rockridge Resources stock have on its future price. Rockridge Resources 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, Rockridge Resources autocorrelation shows the relationship between Rockridge Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Rockridge Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Rockridge Stock Analysis
When running Rockridge Resources' price analysis, check to measure Rockridge Resources' 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 Rockridge Resources is operating at the current time. Most of Rockridge Resources' value examination focuses on studying past and present price action to predict the probability of Rockridge Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rockridge Resources' price. Additionally, you may evaluate how the addition of Rockridge Resources to your portfolios can decrease your overall portfolio volatility.