Rover Metals Corp Stock Market Value
| ROVMF Stock | USD 0.02 0.00 0.00% |
| Symbol | Rover |
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' 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 Rover Metals.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Rover Metals on June 5, 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 180 days. Rover Metals is related to or competes with Harmony Gold, SPACE, T Rowe, Ampleforth, Ionet, SEI Investments, and Embecta Corp. 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' 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 Rover Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.79 | |||
| Information Ratio | 0.0305 | |||
| Maximum Drawdown | 60.2 | |||
| Value At Risk | (11.33) | |||
| Potential Upside | 15.79 |
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 | 0.0438 | |||
| Jensen Alpha | 0.3981 | |||
| Total Risk Alpha | (1.14) | |||
| Sortino Ratio | 0.0221 | |||
| Treynor Ratio | 4.42 |
Rover Metals Corp Backtested Returns
Rover Metals appears to be out of control, given 3 months investment horizon. Rover Metals Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0457, which implies the firm had a 0.0457% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Rover Metals Corp, which you can use to evaluate the volatility of the company. Please evaluate Rover Metals' Coefficient Of Variation of 2206.74, semi deviation of 4.36, and Risk Adjusted Performance of 0.0438 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rover Metals holds a performance score of 3. The company holds a Beta of 0.0927, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rover Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Rover Metals is expected to be smaller as well. Please check Rover Metals' treynor ratio, semi variance, as well as the relationship between the Semi Variance and day median price , to make a quick decision on whether Rover Metals' historical price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Rover Metals Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Rover Metals time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Rover Metals Corp price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Rover Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rover Metals Corp lagged returns against current returns
Autocorrelation, which is Rover Metals 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 Rover Metals' otc 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 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 |
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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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rover Metals otc 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 otc stock over time.
Current vs Lagged Prices |
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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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Rover OTC Stock
Rover Metals financial ratios help investors to determine whether Rover OTC Stock 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 Rover with respect to the benefits of owning Rover Metals security.