Red Pine Exploration Stock Market Value
| RDEXF Stock | USD 0.09 0 5.82% |
| Symbol | Red |
Red Pine '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 Red Pine's 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 Red Pine.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Red Pine on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Red Pine Exploration or generate 0.0% return on investment in Red Pine over 30 days. Red Pine is related to or competes with Grande Portage, White Gold, and Aurion Resources. Red Pine Exploration Inc. engages in the acquisition, exploration, and development of mining properties in Canada More
Red Pine 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 Red Pine's 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 Red Pine Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.03 | |||
| Information Ratio | 0.009 | |||
| Maximum Drawdown | 21.36 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Red Pine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Red Pine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Red Pine's standard deviation. In reality, there are many statistical measures that can use Red Pine historical prices to predict the future Red Pine's volatility.| Risk Adjusted Performance | 0.0371 | |||
| Jensen Alpha | 0.1529 | |||
| Total Risk Alpha | (0.63) | |||
| Sortino Ratio | 0.0072 | |||
| Treynor Ratio | 1.22 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Red Pine'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.
Red Pine Exploration Backtested Returns
Red Pine appears to be out of control, given 3 months investment horizon. Red Pine Exploration maintains Sharpe Ratio (i.e., Efficiency) of 0.0435, which implies the firm had a 0.0435% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Red Pine Exploration, which you can use to evaluate the volatility of the company. Please evaluate Red Pine's Coefficient Of Variation of 2661.07, risk adjusted performance of 0.0371, and Semi Deviation of 4.02 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Red Pine holds a performance score of 3. The company holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Red Pine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Red Pine is expected to be smaller as well. Please check Red Pine's total risk alpha and the relationship between the potential upside and price action indicator , to make a quick decision on whether Red Pine's historical price patterns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
Red Pine Exploration has weak reverse predictability. Overlapping area represents the amount of predictability between Red Pine time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Red Pine Exploration price movement. The serial correlation of -0.24 indicates that over 24.0% of current Red Pine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Red Pine Exploration lagged returns against current returns
Autocorrelation, which is Red Pine 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 Red Pine's otc stock expected returns. We can calculate the autocorrelation of Red Pine returns to help us make a trade decision. For example, suppose you find that Red Pine 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 |
Red Pine 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 Red Pine otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Red Pine otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Red Pine otc stock over time.
Current vs Lagged Prices |
| Timeline |
Red Pine Lagged Returns
When evaluating Red Pine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Red Pine otc stock have on its future price. Red Pine 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, Red Pine autocorrelation shows the relationship between Red Pine otc stock current value and its past values and can show if there is a momentum factor associated with investing in Red Pine Exploration.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Red OTC Stock
Red Pine financial ratios help investors to determine whether Red 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 Red with respect to the benefits of owning Red Pine security.