Royal Helium Stock Market Value
| RHCCF Stock | USD 0.03 0 15.38% |
| Symbol | Royal |
Royal Helium '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 Royal Helium'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 Royal Helium.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Royal Helium on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Royal Helium or generate 0.0% return on investment in Royal Helium over 210 days. Royal Helium is related to or competes with CNX Resources, MV Oil, San Juan, VOC Energy, and Comstock Resources. Royal Helium Ltd. engages in the exploration and development of helium properties in Canada More
Royal Helium 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 Royal Helium'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 Royal Helium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 33.69 | |||
| Value At Risk | (13.21) | |||
| Potential Upside | 13.89 |
Royal Helium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royal Helium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royal Helium's standard deviation. In reality, there are many statistical measures that can use Royal Helium historical prices to predict the future Royal Helium's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Royal Helium'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.
Royal Helium Backtested Returns
Royal Helium appears to be out of control, given 3 months investment horizon. Royal Helium maintains Sharpe Ratio (i.e., Efficiency) of 0.0342, which implies the firm had a 0.0342% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Royal Helium, which you can use to evaluate the volatility of the company. Please evaluate Royal Helium's Risk Adjusted Performance of (0.01), coefficient of variation of (4,816), and Variance of 55.96 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Royal Helium holds a performance score of 2. The company holds a Beta of 1.9, 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, Royal Helium will likely underperform. Please check Royal Helium's standard deviation, potential upside, day typical price, as well as the relationship between the jensen alpha and daily balance of power , to make a quick decision on whether Royal Helium's historical price patterns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
Royal Helium has virtually no predictability. Overlapping area represents the amount of predictability between Royal Helium time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Royal Helium price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Royal Helium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Royal Helium lagged returns against current returns
Autocorrelation, which is Royal Helium 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 Royal Helium's otc stock expected returns. We can calculate the autocorrelation of Royal Helium returns to help us make a trade decision. For example, suppose you find that Royal Helium 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 |
Royal Helium 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 Royal Helium otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royal Helium otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royal Helium otc stock over time.
Current vs Lagged Prices |
| Timeline |
Royal Helium Lagged Returns
When evaluating Royal Helium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royal Helium otc stock have on its future price. Royal Helium 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, Royal Helium autocorrelation shows the relationship between Royal Helium otc stock current value and its past values and can show if there is a momentum factor associated with investing in Royal Helium.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Royal OTC Stock
Royal Helium financial ratios help investors to determine whether Royal 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 Royal with respect to the benefits of owning Royal Helium security.