Rockridge Resources Stock Market Value
| RRRLF Stock | USD 0.01 0 10.57% |
| Symbol | Rockridge |
Rockridge 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 Rockridge Resources' pink sheet 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 Rockridge Resources.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Rockridge Resources on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Rockridge Resources or generate 0.0% return on investment in Rockridge Resources over 30 days. Rockridge Resources is related to or competes with Liontown Resources, ATT, Merck, Disney, Caterpillar, Procter Gamble, and JPMorgan Chase. Rockridge Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada More
Rockridge 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 Rockridge Resources' pink sheet 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 Rockridge Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.52 | |||
| Information Ratio | 0.0662 | |||
| Maximum Drawdown | 53.05 | |||
| Value At Risk | (16.81) | |||
| Potential Upside | 20.21 |
Rockridge Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rockridge Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rockridge Resources' standard deviation. In reality, there are many statistical measures that can use Rockridge Resources historical prices to predict the future Rockridge Resources' volatility.| Risk Adjusted Performance | 0.07 | |||
| Jensen Alpha | 0.7884 | |||
| Total Risk Alpha | (0.92) | |||
| Sortino Ratio | 0.051 | |||
| Treynor Ratio | 3.69 |
Rockridge Resources Backtested Returns
Rockridge Resources appears to be out of control, given 3 months investment horizon. Rockridge Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0573, which implies the firm had a 0.0573% return per unit of risk over the last 3 months. By analyzing Rockridge Resources' technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please evaluate Rockridge Resources' Semi Deviation of 7.84, risk adjusted performance of 0.07, and Coefficient Of Variation of 1259.28 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rockridge Resources holds a performance score of 4. The company holds a Beta of 0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rockridge Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Rockridge Resources is expected to be smaller as well. Please check Rockridge Resources' information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Rockridge Resources' historical price patterns will revert.
Auto-correlation | 0.33 |
Below average predictability
Rockridge Resources has below average predictability. Overlapping area represents the amount of predictability between Rockridge Resources 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 Rockridge Resources price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Rockridge Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rockridge Resources lagged returns against current returns
Autocorrelation, which is Rockridge Resources pink sheet'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 Rockridge Resources' pink sheet expected returns. We can calculate the autocorrelation of Rockridge Resources returns to help us make a trade decision. For example, suppose you find that Rockridge Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Rockridge 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 Rockridge Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rockridge Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rockridge Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Rockridge Resources Lagged Returns
When evaluating Rockridge Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rockridge Resources pink sheet have on its future price. Rockridge 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, Rockridge Resources autocorrelation shows the relationship between Rockridge Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Rockridge Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Rockridge Pink Sheet
Rockridge Resources financial ratios help investors to determine whether Rockridge Pink Sheet 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 Rockridge with respect to the benefits of owning Rockridge Resources security.