Richmond Minerals Stock Market Value
| RMD Stock | CAD 0.03 0.00 0.00% |
| Symbol | Richmond |
Richmond Minerals '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 Richmond Minerals' 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 Richmond Minerals.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Richmond Minerals on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Richmond Minerals or generate 0.0% return on investment in Richmond Minerals over 30 days. Richmond Minerals is related to or competes with Strikepoint Gold, Eskay Mining, and Stillwater Critical. Richmond Minerals Inc. engages in the exploration and development of base and precious metals in northern Ontario and Qu... More
Richmond Minerals 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 Richmond Minerals' 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 Richmond Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1105 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Richmond Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Richmond Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Richmond Minerals' standard deviation. In reality, there are many statistical measures that can use Richmond Minerals historical prices to predict the future Richmond Minerals' volatility.| Risk Adjusted Performance | 0.0986 | |||
| Jensen Alpha | 1.81 | |||
| Total Risk Alpha | 1.41 | |||
| Treynor Ratio | 0.5302 |
Richmond Minerals Backtested Returns
Richmond Minerals is out of control given 3 months investment horizon. Richmond Minerals 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 interpolate nineteen different technical indicators, which can help you to evaluate if expected returns of 1.95% are justified by taking the suggested risk. Use Richmond Minerals Coefficient Of Variation of 889.41, variance of 283.75, and Risk Adjusted Performance of 0.0986 to evaluate company specific risk that cannot be diversified away. Richmond Minerals holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of 3.55, 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, Richmond Minerals will likely underperform. Use Richmond Minerals information ratio, as well as the relationship between the potential upside and day median price , to analyze future returns on Richmond Minerals.
Auto-correlation | 0.00 |
No correlation between past and present
Richmond Minerals has no correlation between past and present. Overlapping area represents the amount of predictability between Richmond Minerals time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Richmond Minerals price movement. The serial correlation of 0.0 indicates that just 0.0% of current Richmond Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Richmond Minerals lagged returns against current returns
Autocorrelation, which is Richmond Minerals 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 Richmond Minerals' stock expected returns. We can calculate the autocorrelation of Richmond Minerals returns to help us make a trade decision. For example, suppose you find that Richmond Minerals 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 |
Richmond Minerals 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 Richmond Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Richmond Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Richmond Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Richmond Minerals Lagged Returns
When evaluating Richmond Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Richmond Minerals stock have on its future price. Richmond Minerals 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, Richmond Minerals autocorrelation shows the relationship between Richmond Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Richmond Minerals.
Regressed Prices |
| Timeline |
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Additional Tools for Richmond Stock Analysis
When running Richmond Minerals' price analysis, check to measure Richmond Minerals' 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 Richmond Minerals is operating at the current time. Most of Richmond Minerals' value examination focuses on studying past and present price action to predict the probability of Richmond Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Richmond Minerals' price. Additionally, you may evaluate how the addition of Richmond Minerals to your portfolios can decrease your overall portfolio volatility.