Rock Oak E Fund Market Value
| RCKSX Fund | USD 17.32 0.07 0.40% |
| Symbol | Rock |
Rock Oak '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 Rock Oak's mutual fund 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 Rock Oak.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Rock Oak on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Rock Oak E or generate 0.0% return on investment in Rock Oak over 30 days. Rock Oak is related to or competes with Live Oak, Black Oak, Pin Oak, and Red Oak. The fund invests primarily in common stocks of mid capitalization companies, though the fund may also hold positions in ... More
Rock Oak 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 Rock Oak's mutual fund 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 Rock Oak E upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 2.78 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 0.7782 |
Rock Oak Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rock Oak's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rock Oak's standard deviation. In reality, there are many statistical measures that can use Rock Oak historical prices to predict the future Rock Oak's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rock Oak's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Rock Oak E Backtested Returns
Rock Oak E maintains Sharpe Ratio (i.e., Efficiency) of -0.31, which implies the entity had a -0.31% return per unit of risk over the last month. Rock Oak E exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rock Oak's Variance of 0.47, risk adjusted performance of (0.16), and Coefficient Of Variation of (402.99) to confirm the risk estimate we provide. The fund holds a Beta of 0.96, which implies possible diversification benefits within a given portfolio. Rock Oak returns are very sensitive to returns on the market. As the market goes up or down, Rock Oak is expected to follow.
Auto-correlation | -0.32 |
Poor reverse predictability
Rock Oak E has poor reverse predictability. Overlapping area represents the amount of predictability between Rock Oak time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Rock Oak E price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Rock Oak price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Rock Oak E lagged returns against current returns
Autocorrelation, which is Rock Oak mutual fund'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 Rock Oak's mutual fund expected returns. We can calculate the autocorrelation of Rock Oak returns to help us make a trade decision. For example, suppose you find that Rock Oak has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Rock Oak 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 Rock Oak mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rock Oak mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rock Oak mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rock Oak Lagged Returns
When evaluating Rock Oak's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rock Oak mutual fund have on its future price. Rock Oak 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, Rock Oak autocorrelation shows the relationship between Rock Oak mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rock Oak E.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Rock Oak in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Rock Oak's short interest history, or implied volatility extrapolated from Rock Oak options trading.
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Check out Rock Oak Correlation, Rock Oak Volatility and Rock Oak Alpha and Beta module to complement your research on Rock Oak. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Rock Oak technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.