Rockfire Resources (UK) Market Value
| ROCK Stock | 0.11 0.00 0.00% |
| Symbol | Rockfire |
Rockfire 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 Rockfire 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 Rockfire Resources.
| 09/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Rockfire Resources on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding Rockfire Resources plc or generate 0.0% return on investment in Rockfire Resources over 60 days. Rockfire Resources is related to or competes with Cognizant Technology, Sabien Technology, Ebro Foods, Veolia Environnement, Polar Capital, Ecclesiastical Insurance, and MoneysupermarketCom. Rockfire Resources is entity of United Kingdom More
Rockfire 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 Rockfire 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 Rockfire Resources plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 48.89 | |||
| Value At Risk | (9.09) |
Rockfire Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rockfire Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rockfire Resources' standard deviation. In reality, there are many statistical measures that can use Rockfire Resources historical prices to predict the future Rockfire Resources' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (1.49) | |||
| Treynor Ratio | 1.05 |
Rockfire Resources plc Backtested Returns
Rockfire Resources plc maintains Sharpe Ratio (i.e., Efficiency) of -0.0879, which implies the firm had a -0.0879% return per unit of risk over the last 3 months. Rockfire Resources plc exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rockfire Resources' Coefficient Of Variation of (800.20), risk adjusted performance of (0.09), and Variance of 33.63 to confirm the risk estimate we provide. The company holds a Beta of -0.7, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Rockfire Resources are expected to decrease at a much lower rate. During the bear market, Rockfire Resources is likely to outperform the market. At this point, Rockfire Resources plc has a negative expected return of -0.5%. Please make sure to check Rockfire Resources' variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Rockfire Resources plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Rockfire Resources plc has no correlation between past and present. Overlapping area represents the amount of predictability between Rockfire Resources time series from 23rd of September 2024 to 23rd of October 2024 and 23rd of October 2024 to 22nd 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 Rockfire Resources plc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Rockfire Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rockfire Resources plc lagged returns against current returns
Autocorrelation, which is Rockfire 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 Rockfire Resources' stock expected returns. We can calculate the autocorrelation of Rockfire Resources returns to help us make a trade decision. For example, suppose you find that Rockfire 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 |
Rockfire 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 Rockfire Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rockfire Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rockfire Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Rockfire Resources Lagged Returns
When evaluating Rockfire Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rockfire Resources stock have on its future price. Rockfire 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, Rockfire Resources autocorrelation shows the relationship between Rockfire Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Rockfire Resources plc.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Rockfire Stock Analysis
When running Rockfire Resources' price analysis, check to measure Rockfire 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 Rockfire Resources is operating at the current time. Most of Rockfire Resources' value examination focuses on studying past and present price action to predict the probability of Rockfire Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rockfire Resources' price. Additionally, you may evaluate how the addition of Rockfire Resources to your portfolios can decrease your overall portfolio volatility.