Renforth Resources Stock Market Value
| RFHRF Stock | USD 0.01 0.0002 2.27% |
| Symbol | Renforth |
Renforth 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 Renforth 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 Renforth Resources.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Renforth Resources on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Renforth Resources or generate 0.0% return on investment in Renforth Resources over 360 days. Renforth Resources is related to or competes with Grande Portage, Aurion Resources, White Gold, Goldshore Resources, Independence Gold, Heliostar Metals, and Cassiar Gold. Renforth Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Canada More
Renforth 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 Renforth 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 Renforth Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 23.14 | |||
| Information Ratio | 0.0813 | |||
| Maximum Drawdown | 168.14 | |||
| Value At Risk | (34.81) | |||
| Potential Upside | 55.17 |
Renforth Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renforth Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renforth Resources' standard deviation. In reality, there are many statistical measures that can use Renforth Resources historical prices to predict the future Renforth Resources' volatility.| Risk Adjusted Performance | 0.0718 | |||
| Jensen Alpha | 1.75 | |||
| Total Risk Alpha | (1.93) | |||
| Sortino Ratio | 0.0932 | |||
| Treynor Ratio | 0.4951 |
Renforth Resources Backtested Returns
Renforth Resources is out of control given 3 months investment horizon. Renforth Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0792, which implies the firm had a 0.0792% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.03% are justified by taking the suggested risk. Use Renforth Resources Coefficient Of Variation of 1163.55, risk adjusted performance of 0.0718, and Semi Deviation of 13.41 to evaluate company specific risk that cannot be diversified away. Renforth Resources holds a performance score of 6 on a scale of zero to a hundred. The company holds a Beta of 4.59, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Renforth Resources will likely underperform. Use Renforth Resources maximum drawdown and the relationship between the semi variance and price action indicator , to analyze future returns on Renforth Resources.
Auto-correlation | 0.13 |
Insignificant predictability
Renforth Resources has insignificant predictability. Overlapping area represents the amount of predictability between Renforth Resources time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 Renforth Resources price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Renforth Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Renforth Resources lagged returns against current returns
Autocorrelation, which is Renforth 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 Renforth Resources' otc stock expected returns. We can calculate the autocorrelation of Renforth Resources returns to help us make a trade decision. For example, suppose you find that Renforth 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 |
Renforth 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 Renforth Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renforth 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 Renforth Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
Renforth Resources Lagged Returns
When evaluating Renforth Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renforth Resources otc stock have on its future price. Renforth 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, Renforth Resources autocorrelation shows the relationship between Renforth Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Renforth Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Renforth OTC Stock
Renforth Resources financial ratios help investors to determine whether Renforth 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 Renforth with respect to the benefits of owning Renforth Resources security.