Mount Ridley (Australia) Market Value
| MRD Stock | 0.01 0.00 0.00% |
| Symbol | Mount |
Mount Ridley '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 Mount Ridley's 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 Mount Ridley.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Mount Ridley on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Mount Ridley Mines or generate 0.0% return on investment in Mount Ridley over 720 days. Mount Ridley is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Aneka Tambang, Sandfire Resources, De Grey, and Perseus Mining. Mount Ridley is entity of Australia. It is traded as Stock on AU exchange. More
Mount Ridley 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 Mount Ridley's 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 Mount Ridley Mines upside and downside potential and time the market with a certain degree of confidence.
Mount Ridley Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mount Ridley's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mount Ridley's standard deviation. In reality, there are many statistical measures that can use Mount Ridley historical prices to predict the future Mount Ridley's volatility.Mount Ridley Mines Backtested Returns
We have found three technical indicators for Mount Ridley, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Mount Ridley are completely uncorrelated.
Auto-correlation | 0.81 |
Very good predictability
Mount Ridley Mines has very good predictability. Overlapping area represents the amount of predictability between Mount Ridley time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Mount Ridley Mines price movement. The serial correlation of 0.81 indicates that around 81.0% of current Mount Ridley price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mount Ridley Mines lagged returns against current returns
Autocorrelation, which is Mount Ridley 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 Mount Ridley's stock expected returns. We can calculate the autocorrelation of Mount Ridley returns to help us make a trade decision. For example, suppose you find that Mount Ridley 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 |
Mount Ridley 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 Mount Ridley stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mount Ridley stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mount Ridley stock over time.
Current vs Lagged Prices |
| Timeline |
Mount Ridley Lagged Returns
When evaluating Mount Ridley's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mount Ridley stock have on its future price. Mount Ridley 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, Mount Ridley autocorrelation shows the relationship between Mount Ridley stock current value and its past values and can show if there is a momentum factor associated with investing in Mount Ridley Mines.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Mount Stock Analysis
When running Mount Ridley's price analysis, check to measure Mount Ridley's 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 Mount Ridley is operating at the current time. Most of Mount Ridley's value examination focuses on studying past and present price action to predict the probability of Mount Ridley's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mount Ridley's price. Additionally, you may evaluate how the addition of Mount Ridley to your portfolios can decrease your overall portfolio volatility.