Rockridge Resources Stock Performance
| ROCK Stock | CAD 0.02 0.01 33.33% |
Rockridge Resources holds a performance score of 11 on a scale of zero to a hundred. The company holds a Beta of -1.96, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Rockridge Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Rockridge Resources is expected to outperform it. Use Rockridge Resources coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to analyze future returns on Rockridge Resources.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Rockridge Resources are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal fundamental indicators, Rockridge Resources showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 1 M |
Rockridge |
Rockridge Resources Relative Risk vs. Return Landscape
If you would invest 1.00 in Rockridge Resources on September 24, 2024 and sell it today you would earn a total of 1.00 from holding Rockridge Resources or generate 100.0% return on investment over 90 days. Rockridge Resources is generating 1.5625% of daily returns assuming 10.4859% volatility of returns over the 90 days investment horizon. Simply put, 93% of all stocks have less volatile historical return distribution than Rockridge Resources, and 69% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Rockridge Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rockridge Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Rockridge Resources, and traders can use it to determine the average amount a Rockridge Resources' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.149
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ROCK | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 10.49 actual daily | 93 93% of assets are less volatile |
Expected Return
| 1.56 actual daily | 31 69% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Rockridge Resources is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Rockridge Resources by adding it to a well-diversified portfolio.
Rockridge Resources Fundamentals Growth
Rockridge Stock prices reflect investors' perceptions of the future prospects and financial health of Rockridge Resources, and Rockridge Resources fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Rockridge Stock performance.
| Return On Equity | -0.0673 | ||||
| Return On Asset | -0.0528 | ||||
| Current Valuation | 2.33 M | ||||
| Shares Outstanding | 125.01 M | ||||
| Price To Book | 0.40 X | ||||
| EBITDA | (895.21 K) | ||||
| Net Income | (728.38 K) | ||||
| Cash And Equivalents | 159.76 K | ||||
| Total Debt | 209.94 K | ||||
| Current Ratio | 10.12 X | ||||
| Book Value Per Share | 0.05 X | ||||
| Cash Flow From Operations | (786.15 K) | ||||
| Market Capitalization | 2.5 M | ||||
| Total Asset | 6.95 M | ||||
| Retained Earnings | (6.24 M) | ||||
| Working Capital | 748.06 K | ||||
About Rockridge Resources Performance
Evaluating Rockridge Resources' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Rockridge Resources has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Rockridge Resources has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.09) | (0.10) | |
| Return On Capital Employed | (0.12) | (0.13) | |
| Return On Assets | (0.09) | (0.10) | |
| Return On Equity | (0.10) | (0.10) |
Things to note about Rockridge Resources performance evaluation
Checking the ongoing alerts about Rockridge Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Rockridge Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Rockridge Resources is way too risky over 90 days horizon | |
| Rockridge Resources has some characteristics of a very speculative penny stock | |
| Rockridge Resources appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (728.38 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Rockridge Resources has accumulated about 159.76 K in cash with (786.15 K) of positive cash flow from operations. |
- Analyzing Rockridge Resources' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Rockridge Resources' stock is overvalued or undervalued compared to its peers.
- Examining Rockridge Resources' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Rockridge Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Rockridge Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Rockridge Resources' stock. These opinions can provide insight into Rockridge Resources' potential for growth and whether the stock is currently undervalued or overvalued.
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.