Rockhopper Exploration Plc Stock Market Value
| RCKHF Stock | USD 0.17 0.03 15.00% |
| Symbol | Rockhopper |
Rockhopper Exploration '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 Rockhopper Exploration's 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 Rockhopper Exploration.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Rockhopper Exploration on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Rockhopper Exploration plc or generate 0.0% return on investment in Rockhopper Exploration over 30 days. Rockhopper Exploration is related to or competes with PetroShale, Pieridae Energy, and EnQuest PLC. Rockhopper Exploration plc operates as an oil and gas exploration and production company primarily in the United Kingdom More
Rockhopper Exploration 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 Rockhopper Exploration's 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 Rockhopper Exploration plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.74 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 40.48 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 10.53 |
Rockhopper Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rockhopper Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rockhopper Exploration's standard deviation. In reality, there are many statistical measures that can use Rockhopper Exploration historical prices to predict the future Rockhopper Exploration's volatility.| Risk Adjusted Performance | 0.0119 | |||
| Jensen Alpha | 0.1225 | |||
| Total Risk Alpha | (0.95) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.02) |
Rockhopper Exploration Backtested Returns
At this point, Rockhopper Exploration is out of control. Rockhopper Exploration maintains Sharpe Ratio (i.e., Efficiency) of 0.0041, which implies the firm had a 0.0041% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Rockhopper Exploration, which you can use to evaluate the volatility of the company. Please check Rockhopper Exploration's Semi Deviation of 5.0, risk adjusted performance of 0.0119, and Coefficient Of Variation of 24445.81 to confirm if the risk estimate we provide is consistent with the expected return of 0.0255%. The company holds a Beta of -0.89, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Rockhopper Exploration are expected to decrease slowly. On the other hand, during market turmoil, Rockhopper Exploration is expected to outperform it slightly. Rockhopper Exploration right now holds a risk of 6.18%. Please check Rockhopper Exploration coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to decide if Rockhopper Exploration will be following its historical price patterns.
Auto-correlation | -0.1 |
Very weak reverse predictability
Rockhopper Exploration plc has very weak reverse predictability. Overlapping area represents the amount of predictability between Rockhopper Exploration time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 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 Rockhopper Exploration price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Rockhopper Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rockhopper Exploration lagged returns against current returns
Autocorrelation, which is Rockhopper Exploration 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 Rockhopper Exploration's pink sheet expected returns. We can calculate the autocorrelation of Rockhopper Exploration returns to help us make a trade decision. For example, suppose you find that Rockhopper Exploration 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 |
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Rockhopper Exploration 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 Rockhopper Exploration pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rockhopper Exploration pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rockhopper Exploration pink sheet over time.
Current vs Lagged Prices |
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Rockhopper Exploration Lagged Returns
When evaluating Rockhopper Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rockhopper Exploration pink sheet have on its future price. Rockhopper Exploration 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, Rockhopper Exploration autocorrelation shows the relationship between Rockhopper Exploration pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Rockhopper Exploration plc.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Rockhopper Pink Sheet
Rockhopper Exploration financial ratios help investors to determine whether Rockhopper Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Rockhopper with respect to the benefits of owning Rockhopper Exploration security.