Rockdale Resources Corp Stock Market Value
BBLS Stock | USD 0 0.00 0.00% |
Symbol | Rockdale |
Rockdale 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 Rockdale Resources' 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 Rockdale Resources.
07/05/2023 |
| 04/30/2024 |
If you would invest 0.00 in Rockdale Resources on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Rockdale Resources Corp or generate 0.0% return on investment in Rockdale Resources over 300 days. Rockdale Resources is related to or competes with Pioneer Natural, Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Petrolia Energy Corporation engages in the exploration, development, and production of oil and gas properties in the Uni... More
Rockdale 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 Rockdale Resources' 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 Rockdale Resources Corp upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | 0.1013 | |||
Maximum Drawdown | 33.33 |
Rockdale Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rockdale Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rockdale Resources' standard deviation. In reality, there are many statistical measures that can use Rockdale Resources historical prices to predict the future Rockdale Resources' volatility.Risk Adjusted Performance | 0.0853 | |||
Jensen Alpha | 0.6329 | |||
Total Risk Alpha | (0.03) | |||
Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rockdale Resources' 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.
Rockdale Resources Corp Backtested Returns
Rockdale Resources appears to be out of control, given 3 months investment horizon. Rockdale Resources Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Rockdale Resources' technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please evaluate Rockdale Resources' Risk Adjusted Performance of 0.0853, variance of 16.84, and Coefficient Of Variation of 812.4 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rockdale Resources holds a performance score of 9. The company holds a Beta of -1.74, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Rockdale Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Rockdale Resources is expected to outperform it. Please check Rockdale Resources' risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to make a quick decision on whether Rockdale Resources' historical price patterns will revert.
Auto-correlation | 0.06 |
Virtually no predictability
Rockdale Resources Corp has virtually no predictability. Overlapping area represents the amount of predictability between Rockdale Resources time series from 5th of July 2023 to 2nd of December 2023 and 2nd of December 2023 to 30th 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 Rockdale Resources Corp price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Rockdale Resources price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.06 | |
Spearman Rank Test | -0.03 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Rockdale Resources Corp lagged returns against current returns
Autocorrelation, which is Rockdale Resources 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 Rockdale Resources' otc stock expected returns. We can calculate the autocorrelation of Rockdale Resources returns to help us make a trade decision. For example, suppose you find that Rockdale Resources 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 |
Timeline |
Rockdale 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 Rockdale Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rockdale Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rockdale Resources otc stock over time.
Current vs Lagged Prices |
Timeline |
Rockdale Resources Lagged Returns
When evaluating Rockdale Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rockdale Resources otc stock have on its future price. Rockdale 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, Rockdale Resources autocorrelation shows the relationship between Rockdale Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Rockdale Resources Corp.
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 Rockdale Resources 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, Rockdale Resources' short interest history, or implied volatility extrapolated from Rockdale Resources options trading.
Pair Trading with Rockdale Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Rockdale Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Rockdale Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Rockdale OTC Stock
0.61 | COP | ConocoPhillips Sell-off Trend | PairCorr |
0.68 | EOG | EOG Resources Earnings Call This Week | PairCorr |
0.65 | PXD | Pioneer Natural Resources | PairCorr |
Moving against Rockdale OTC Stock
0.87 | VFS | VinFast Auto Buyout Trend | PairCorr |
0.79 | TLK | Telkom Indonesia Tbk Earnings Call This Week | PairCorr |
0.45 | KEP | Korea Electric Power | PairCorr |
The ability to find closely correlated positions to Rockdale Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rockdale Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Rockdale Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Rockdale Resources Corp to buy it.
The correlation of Rockdale Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rockdale Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rockdale Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Rockdale Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Rockdale Resources Correlation, Rockdale Resources Volatility and Rockdale Resources Alpha and Beta module to complement your research on Rockdale Resources. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Rockdale OTC Stock analysis
When running Rockdale Resources' price analysis, check to measure Rockdale 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 Rockdale Resources is operating at the current time. Most of Rockdale Resources' value examination focuses on studying past and present price action to predict the probability of Rockdale Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rockdale Resources' price. Additionally, you may evaluate how the addition of Rockdale Resources to your portfolios can decrease your overall portfolio volatility.
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Rockdale Resources technical otc stock 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, otc market cycles, or different charting patterns.