Riedel Resources (Australia) Market Value
| RIE Stock | 0.03 0 8.82% |
| Symbol | Riedel |
Riedel 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 Riedel Resources' 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 Riedel Resources.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Riedel Resources on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Riedel Resources or generate 0.0% return on investment in Riedel Resources over 30 days. Riedel Resources is related to or competes with MotorCycle Holdings, Ironbark Capital, Vulcan Steel, Bluescope Steel, and GreenX Metals. More
Riedel 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 Riedel Resources' 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 Riedel Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 39.03 | |||
| Information Ratio | 0.1119 | |||
| Maximum Drawdown | 338.45 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 100.0 |
Riedel Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Riedel Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Riedel Resources' standard deviation. In reality, there are many statistical measures that can use Riedel Resources historical prices to predict the future Riedel Resources' volatility.| Risk Adjusted Performance | 0.099 | |||
| Jensen Alpha | 5.31 | |||
| Total Risk Alpha | 3.93 | |||
| Sortino Ratio | 0.1336 | |||
| Treynor Ratio | (1.65) |
Riedel Resources Backtested Returns
Riedel Resources is out of control given 3 months investment horizon. Riedel Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 5.25% are justified by taking the suggested risk. Use Riedel Resources Risk Adjusted Performance of 0.099, semi deviation of 17.76, and Coefficient Of Variation of 888.55 to evaluate company specific risk that cannot be diversified away. Riedel Resources holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -3.18, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Riedel Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Riedel Resources is expected to outperform it. Use Riedel Resources information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Riedel Resources.
Auto-correlation | -0.45 |
Modest reverse predictability
Riedel Resources has modest reverse predictability. Overlapping area represents the amount of predictability between Riedel Resources time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Riedel Resources price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Riedel Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Riedel Resources lagged returns against current returns
Autocorrelation, which is Riedel Resources 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 Riedel Resources' stock expected returns. We can calculate the autocorrelation of Riedel Resources returns to help us make a trade decision. For example, suppose you find that Riedel Resources 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 |
Riedel 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 Riedel Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Riedel Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Riedel Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Riedel Resources Lagged Returns
When evaluating Riedel Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Riedel Resources stock have on its future price. Riedel 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, Riedel Resources autocorrelation shows the relationship between Riedel Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Riedel Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Riedel Stock Analysis
When running Riedel Resources' price analysis, check to measure Riedel 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 Riedel Resources is operating at the current time. Most of Riedel Resources' value examination focuses on studying past and present price action to predict the probability of Riedel Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Riedel Resources' price. Additionally, you may evaluate how the addition of Riedel Resources to your portfolios can decrease your overall portfolio volatility.