Rok Resources Stock Probability of Future Stock Price Finishing Over 0.17
| ROK Stock | CAD 0.17 0.01 5.56% |
ROK |
ROK Resources Target Price Odds to finish over 0.17
The tendency of ROK Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 0.17 | 90 days | 0.17 | about 90.01 |
Based on a normal probability distribution, the odds of ROK Resources to move above the current price in 90 days from now is about 90.01 (This ROK Resources probability density function shows the probability of ROK Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon ROK Resources has a beta of 0.65 indicating as returns on the market go up, ROK Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ROK Resources will be expected to be much smaller as well. Additionally ROK Resources has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. ROK Resources Price Density |
| Price |
Predictive Modules for ROK Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ROK Resources. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.ROK Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ROK Resources is not an exception. The market had few large corrections towards the ROK Resources' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold ROK Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ROK Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.32 | |
β | Beta against Dow Jones | 0.65 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.09 |
ROK Resources Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of ROK Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ROK Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ROK Resources generated a negative expected return over the last 90 days | |
| ROK Resources has some characteristics of a very speculative penny stock | |
| ROK Resources has high historical volatility and very poor performance | |
| ROK Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 87.23 M. Net Loss for the year was (10.99 M) with profit before overhead, payroll, taxes, and interest of 1.44 M. | |
| Latest headline from news.google.com: ROK Resources Reports Success in Drilling and Debt Reduction - TipRanks |
ROK Resources Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of ROK Stock often depends not only on the future outlook of the current and potential ROK Resources' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ROK Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 218.4 M |
ROK Resources Technical Analysis
ROK Resources' future price can be derived by breaking down and analyzing its technical indicators over time. ROK Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ROK Resources. In general, you should focus on analyzing ROK Stock price patterns and their correlations with different microeconomic environments and drivers.
ROK Resources Predictive Forecast Models
ROK Resources' time-series forecasting models is one of many ROK Resources' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary ROK Resources' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about ROK Resources
Checking the ongoing alerts about ROK Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ROK Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ROK Resources generated a negative expected return over the last 90 days | |
| ROK Resources has some characteristics of a very speculative penny stock | |
| ROK Resources has high historical volatility and very poor performance | |
| ROK Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 87.23 M. Net Loss for the year was (10.99 M) with profit before overhead, payroll, taxes, and interest of 1.44 M. | |
| Latest headline from news.google.com: ROK Resources Reports Success in Drilling and Debt Reduction - TipRanks |
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.