Rock Tech (Germany) Market Value
| RJIB Stock | EUR 0.72 0.02 2.86% |
| Symbol | Rock |
Rock Tech '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 Rock Tech's 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 Rock Tech.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Rock Tech on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Rock Tech Lithium or generate 0.0% return on investment in Rock Tech over 30 days. Rock Tech is related to or competes with Mineral Resources, Liontown Resources, and American Lithium. Rock Tech Lithium Inc. engages in the exploration and development of mineral properties More
Rock Tech 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 Rock Tech's 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 Rock Tech Lithium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 20.73 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 7.59 |
Rock Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rock Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rock Tech's standard deviation. In reality, there are many statistical measures that can use Rock Tech historical prices to predict the future Rock Tech's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (0.45) |
Rock Tech Lithium Backtested Returns
Rock Tech Lithium maintains Sharpe Ratio (i.e., Efficiency) of -0.0393, which implies the firm had a -0.0393% return per unit of risk over the last 3 months. Rock Tech Lithium exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rock Tech's Coefficient Of Variation of (2,883), variance of 15.83, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of 0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rock Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rock Tech is expected to be smaller as well. At this point, Rock Tech Lithium has a negative expected return of -0.15%. Please make sure to check Rock Tech's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Rock Tech Lithium performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Rock Tech Lithium has virtually no predictability. Overlapping area represents the amount of predictability between Rock Tech time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Rock Tech Lithium price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Rock Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rock Tech Lithium lagged returns against current returns
Autocorrelation, which is Rock Tech 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 Rock Tech's stock expected returns. We can calculate the autocorrelation of Rock Tech returns to help us make a trade decision. For example, suppose you find that Rock Tech 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 |
Rock Tech 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 Rock Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rock Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rock Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Rock Tech Lagged Returns
When evaluating Rock Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rock Tech stock have on its future price. Rock Tech 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, Rock Tech autocorrelation shows the relationship between Rock Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Rock Tech Lithium.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Rock Stock
Rock Tech financial ratios help investors to determine whether Rock Stock 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 Rock with respect to the benefits of owning Rock Tech security.