ROK Resources' market value is the price at which a share of ROK Resources trades on a public exchange. It measures the collective expectations of ROK Resources investors about its performance. ROK Resources is trading at 0.13 as of the 24th of November 2024. This is a 8.33% up since the beginning of the trading day. The stock's lowest day price was 0.13. With this module, you can estimate the performance of a buy and hold strategy of ROK Resources and determine expected loss or profit from investing in ROK Resources over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Symbol
ROK
ROK 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 ROK Resources' otc 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 ROK Resources.
0.00
08/26/2024
No Change 0.00
0.0
In 3 months and 1 day
11/24/2024
0.00
If you would invest 0.00 in ROK Resources on August 26, 2024 and sell it all today you would earn a total of 0.00 from holding ROK Resources or generate 0.0% return on investment in ROK Resources over 90 days.
ROK 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 ROK Resources' otc 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 ROK Resources upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ROK Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ROK Resources' standard deviation. In reality, there are many statistical measures that can use ROK Resources historical prices to predict the future ROK Resources' volatility.
ROK Resources maintains Sharpe Ratio (i.e., Efficiency) of -0.0381, which implies the firm had a -0.0381% return per unit of volatility over the last 3 months. ROK Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ROK Resources' coefficient of variation of (1,820), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of -0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ROK Resources are expected to decrease at a much lower rate. During the bear market, ROK Resources is likely to outperform the market. At this point, ROK Resources has a negative expected return of -0.19%. Please make sure to check ROK Resources' maximum drawdown, as well as the relationship between the daily balance of power and price action indicator , to decide if ROK Resources performance from the past will be repeated at future time.
Auto-correlation
-0.23
Weak reverse predictability
ROK Resources has weak reverse predictability. Overlapping area represents the amount of predictability between ROK Resources time series from 26th of August 2024 to 10th of October 2024 and 10th of October 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 ROK Resources price movement. The serial correlation of -0.23 indicates that over 23.0% of current ROK Resources price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.23
Spearman Rank Test
-0.34
Residual Average
0.0
Price Variance
0.0
ROK Resources lagged returns against current returns
Autocorrelation, which is ROK Resources otc 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 ROK Resources' otc stock expected returns. We can calculate the autocorrelation of ROK Resources returns to help us make a trade decision. For example, suppose you find that ROK Resources has exhibited high autocorrelation historically, and you observe that the otc 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
ROK 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 ROK Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ROK Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ROK Resources otc stock over time.
Current vs Lagged Prices
Timeline
ROK Resources Lagged Returns
When evaluating ROK Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ROK Resources otc stock have on its future price. ROK 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, ROK Resources autocorrelation shows the relationship between ROK Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in ROK Resources.