Rockhaven Resources Stock Market Value
| RK Stock | CAD 0.09 0.01 6.25% |
| Symbol | Rockhaven |
Rockhaven Resources Price To Book Ratio
Rockhaven 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 Rockhaven 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 Rockhaven Resources.
| 01/08/2023 |
| 12/28/2024 |
If you would invest 0.00 in Rockhaven Resources on January 8, 2023 and sell it all today you would earn a total of 0.00 from holding Rockhaven Resources or generate 0.0% return on investment in Rockhaven Resources over 720 days. Rockhaven Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and evaluation of miner... More
Rockhaven 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 Rockhaven 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 Rockhaven Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.92 | |||
| Information Ratio | 0.1011 | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Rockhaven Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rockhaven Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rockhaven Resources' standard deviation. In reality, there are many statistical measures that can use Rockhaven Resources historical prices to predict the future Rockhaven Resources' volatility.| Risk Adjusted Performance | 0.0928 | |||
| Jensen Alpha | 0.8675 | |||
| Total Risk Alpha | 0.6046 | |||
| Sortino Ratio | 0.0577 | |||
| Treynor Ratio | (0.44) |
Rockhaven Resources Backtested Returns
Rockhaven Resources is out of control given 3 months investment horizon. Rockhaven Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use Rockhaven Resources Semi Deviation of 5.33, risk adjusted performance of 0.0928, and Coefficient Of Variation of 951.22 to evaluate company specific risk that cannot be diversified away. Rockhaven Resources holds a performance score of 11 on a scale of zero to a hundred. The company holds a Beta of -1.87, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Rockhaven Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Rockhaven Resources is expected to outperform it. Use Rockhaven Resources information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to analyze future returns on Rockhaven Resources.
Auto-correlation | 0.16 |
Very weak predictability
Rockhaven Resources has very weak predictability. Overlapping area represents the amount of predictability between Rockhaven Resources time series from 8th of January 2023 to 3rd of January 2024 and 3rd of January 2024 to 28th 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 Rockhaven Resources price movement. The serial correlation of 0.16 indicates that over 16.0% of current Rockhaven Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rockhaven Resources lagged returns against current returns
Autocorrelation, which is Rockhaven 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 Rockhaven Resources' stock expected returns. We can calculate the autocorrelation of Rockhaven Resources returns to help us make a trade decision. For example, suppose you find that Rockhaven 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 |
Rockhaven 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 Rockhaven Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rockhaven Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rockhaven Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Rockhaven Resources Lagged Returns
When evaluating Rockhaven Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rockhaven Resources stock have on its future price. Rockhaven 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, Rockhaven Resources autocorrelation shows the relationship between Rockhaven Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Rockhaven Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Rockhaven Stock Analysis
When running Rockhaven Resources' price analysis, check to measure Rockhaven 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 Rockhaven Resources is operating at the current time. Most of Rockhaven Resources' value examination focuses on studying past and present price action to predict the probability of Rockhaven Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rockhaven Resources' price. Additionally, you may evaluate how the addition of Rockhaven Resources to your portfolios can decrease your overall portfolio volatility.