Rover Metals Corp Stock Market Value
| ROVR Stock | CAD 0.01 0.01 33.33% |
| Symbol | Rover |
Rover Metals Corp Price To Book Ratio
Rover Metals '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 Rover Metals' 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 Rover Metals.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Rover Metals on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Rover Metals Corp or generate 0.0% return on investment in Rover Metals over 30 days. Rover Metals is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Rover Metals Corp., a precious metals exploration company, engages in acquiring, exploiting, exploring, evaluating, and ... More
Rover Metals 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 Rover Metals' 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 Rover Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Rover Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rover Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rover Metals' standard deviation. In reality, there are many statistical measures that can use Rover Metals historical prices to predict the future Rover Metals' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (2.77) | |||
| Treynor Ratio | 2.32 |
Rover Metals Corp Backtested Returns
Rover Metals Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0094, which implies the firm had a -0.0094% return per unit of risk over the last 3 months. Rover Metals Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rover Metals' Variance of 195.07, risk adjusted performance of (0.01), and Coefficient Of Variation of (3,253) to confirm the risk estimate we provide. The company holds a Beta of -0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rover Metals are expected to decrease at a much lower rate. During the bear market, Rover Metals is likely to outperform the market. At this point, Rover Metals Corp has a negative expected return of -0.13%. Please make sure to check Rover Metals' skewness, daily balance of power, day median price, as well as the relationship between the kurtosis and rate of daily change , to decide if Rover Metals Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Rover Metals Corp has below average predictability. Overlapping area represents the amount of predictability between Rover Metals time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Rover Metals Corp price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Rover Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rover Metals Corp lagged returns against current returns
Autocorrelation, which is Rover Metals 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 Rover Metals' stock expected returns. We can calculate the autocorrelation of Rover Metals returns to help us make a trade decision. For example, suppose you find that Rover Metals 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 |
Rover Metals 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 Rover Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rover Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rover Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Rover Metals Lagged Returns
When evaluating Rover Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rover Metals stock have on its future price. Rover Metals 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, Rover Metals autocorrelation shows the relationship between Rover Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Rover Metals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Rover Stock Analysis
When running Rover Metals' price analysis, check to measure Rover Metals' 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 Rover Metals is operating at the current time. Most of Rover Metals' value examination focuses on studying past and present price action to predict the probability of Rover Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rover Metals' price. Additionally, you may evaluate how the addition of Rover Metals to your portfolios can decrease your overall portfolio volatility.