Rok Resources Stock Market Value
| ROK Stock | CAD 0.17 0.01 5.56% |
| Symbol | ROK |
ROK Resources Price To Book Ratio
ROK 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 ROK 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 ROK Resources.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in ROK Resources on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding ROK Resources or generate 0.0% return on investment in ROK Resources over 30 days. ROK Resources is related to or competes with Hemisphere Energy, Southern Energy, and Arrow Exploration. ROK Resources Inc. engages in engages in oil and gas exploration and development activities in Saskatchewa More
ROK 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 ROK 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 ROK Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.5 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 6.25 |
ROK Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ROK Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ROK Resources' standard deviation. In reality, there are many statistical measures that can use ROK Resources historical prices to predict the future ROK Resources' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.1445 |
ROK Resources Backtested Returns
ROK Resources maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of volatility over the last 3 months. ROK Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ROK Resources' risk adjusted performance of (0.02), and Coefficient Of Variation of (3,284) to confirm the risk estimate we provide. The company holds a Beta of -0.81, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ROK Resources are expected to decrease at a much lower rate. During the bear market, ROK Resources is likely to outperform the market. At this point, ROK Resources has a negative expected return of -0.0298%. Please make sure to check ROK Resources' value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if ROK Resources performance from the past will be repeated at future time.
Auto-correlation | -0.58 |
Good reverse predictability
ROK Resources has good reverse predictability. Overlapping area represents the amount of predictability between ROK Resources time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th of January 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 ROK Resources price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current ROK Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ROK Resources lagged returns against current returns
Autocorrelation, which is ROK 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 ROK Resources' stock expected returns. We can calculate the autocorrelation of ROK Resources returns to help us make a trade decision. For example, suppose you find that ROK 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 |
ROK 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 ROK Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ROK Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ROK Resources stock over time.
Current vs Lagged Prices |
| Timeline |
ROK Resources Lagged Returns
When evaluating ROK Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ROK Resources stock have on its future price. ROK 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, ROK Resources autocorrelation shows the relationship between ROK Resources stock current value and its past values and can show if there is a momentum factor associated with investing in ROK Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ROK Stock Analysis
When running ROK Resources' price analysis, check to measure ROK 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 ROK Resources is operating at the current time. Most of ROK Resources' value examination focuses on studying past and present price action to predict the probability of ROK Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ROK Resources' price. Additionally, you may evaluate how the addition of ROK Resources to your portfolios can decrease your overall portfolio volatility.