Rokmaster Resources Corp Stock Market Value
| RKR Stock | CAD 0.02 0.01 33.33% |
| Symbol | ROKMASTER |
ROKMASTER Resources Corp Price To Book Ratio
ROKMASTER 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 ROKMASTER 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 ROKMASTER Resources.
| 06/27/2024 |
| 12/24/2024 |
If you would invest 0.00 in ROKMASTER Resources on June 27, 2024 and sell it all today you would earn a total of 0.00 from holding ROKMASTER Resources Corp or generate 0.0% return on investment in ROKMASTER Resources over 180 days. ROKMASTER Resources is related to or competes with Outcrop Gold, and Grande Portage. Rokmaster Resources Corp., an exploration stage company, engages in the acquisition, exploration, and development of min... More
ROKMASTER 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 ROKMASTER 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 ROKMASTER Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.32 | |||
| Information Ratio | 0.0183 | |||
| Maximum Drawdown | 65.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
ROKMASTER Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ROKMASTER Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ROKMASTER Resources' standard deviation. In reality, there are many statistical measures that can use ROKMASTER Resources historical prices to predict the future ROKMASTER Resources' volatility.| Risk Adjusted Performance | 0.0259 | |||
| Jensen Alpha | 0.3232 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0097 | |||
| Treynor Ratio | (0.11) |
ROKMASTER Resources Corp Backtested Returns
ROKMASTER Resources appears to be out of control, given 3 months investment horizon. ROKMASTER Resources Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0412, which implies the firm had a 0.0412% return per unit of volatility over the last 3 months. By inspecting ROKMASTER Resources' technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please evaluate ROKMASTER Resources' semi deviation of 9.47, and Risk Adjusted Performance of 0.0259 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ROKMASTER Resources holds a performance score of 3. The company holds a Beta of -2.39, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ROKMASTER Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, ROKMASTER Resources is expected to outperform it. Please check ROKMASTER Resources' sortino ratio and the relationship between the potential upside and day median price , to make a quick decision on whether ROKMASTER Resources' historical price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
ROKMASTER Resources Corp has weak predictability. Overlapping area represents the amount of predictability between ROKMASTER Resources time series from 27th of June 2024 to 25th of September 2024 and 25th of September 2024 to 24th 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 ROKMASTER Resources Corp price movement. The serial correlation of 0.23 indicates that over 23.0% of current ROKMASTER Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ROKMASTER Resources Corp lagged returns against current returns
Autocorrelation, which is ROKMASTER 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 ROKMASTER Resources' stock expected returns. We can calculate the autocorrelation of ROKMASTER Resources returns to help us make a trade decision. For example, suppose you find that ROKMASTER 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 |
ROKMASTER 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 ROKMASTER Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ROKMASTER Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ROKMASTER Resources stock over time.
Current vs Lagged Prices |
| Timeline |
ROKMASTER Resources Lagged Returns
When evaluating ROKMASTER Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ROKMASTER Resources stock have on its future price. ROKMASTER 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, ROKMASTER Resources autocorrelation shows the relationship between ROKMASTER Resources stock current value and its past values and can show if there is a momentum factor associated with investing in ROKMASTER Resources Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ROKMASTER Stock Analysis
When running ROKMASTER Resources' price analysis, check to measure ROKMASTER 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 ROKMASTER Resources is operating at the current time. Most of ROKMASTER Resources' value examination focuses on studying past and present price action to predict the probability of ROKMASTER Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ROKMASTER Resources' price. Additionally, you may evaluate how the addition of ROKMASTER Resources to your portfolios can decrease your overall portfolio volatility.