Rugby Mining Limited Stock Market Value
| RUG Stock | CAD 0.04 0.01 10.00% |
| Symbol | Rugby |
Rugby Mining Limited Price To Book Ratio
Rugby Mining '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 Rugby Mining's 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 Rugby Mining.
| 11/05/2024 |
| 12/05/2024 |
If you would invest 0.00 in Rugby Mining on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Rugby Mining Limited or generate 0.0% return on investment in Rugby Mining over 30 days. Rugby Mining is related to or competes with PJX Resources, and Rackla Metals. Rugby Mining Limited, an exploration stage company, engages in the acquisition, exploration, and development of mineral ... More
Rugby Mining 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 Rugby Mining's 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 Rugby Mining Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.42 | |||
| Information Ratio | 0.038 | |||
| Maximum Drawdown | 35.0 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 12.5 |
Rugby Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rugby Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rugby Mining's standard deviation. In reality, there are many statistical measures that can use Rugby Mining historical prices to predict the future Rugby Mining's volatility.| Risk Adjusted Performance | 0.0527 | |||
| Jensen Alpha | 0.3761 | |||
| Total Risk Alpha | (0.88) | |||
| Sortino Ratio | 0.0211 | |||
| Treynor Ratio | 2.47 |
Rugby Mining Limited Backtested Returns
Rugby Mining appears to be out of control, given 3 months investment horizon. Rugby Mining Limited maintains Sharpe Ratio (i.e., Efficiency) of 0.0607, which implies the firm had a 0.0607% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Rugby Mining Limited, which you can use to evaluate the volatility of the company. Please evaluate Rugby Mining's Coefficient Of Variation of 1687.03, semi deviation of 4.69, and Risk Adjusted Performance of 0.0527 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rugby Mining holds a performance score of 4. The company holds a Beta of 0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rugby Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rugby Mining is expected to be smaller as well. Please check Rugby Mining's total risk alpha, expected short fall, period momentum indicator, as well as the relationship between the value at risk and rate of daily change , to make a quick decision on whether Rugby Mining's historical price patterns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Rugby Mining Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Rugby Mining time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 Rugby Mining Limited price movement. The serial correlation of -0.16 indicates that over 16.0% of current Rugby Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rugby Mining Limited lagged returns against current returns
Autocorrelation, which is Rugby Mining 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 Rugby Mining's stock expected returns. We can calculate the autocorrelation of Rugby Mining returns to help us make a trade decision. For example, suppose you find that Rugby Mining 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 |
Rugby Mining 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 Rugby Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rugby Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rugby Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Rugby Mining Lagged Returns
When evaluating Rugby Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rugby Mining stock have on its future price. Rugby Mining 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, Rugby Mining autocorrelation shows the relationship between Rugby Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Rugby Mining Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Rugby Stock Analysis
When running Rugby Mining's price analysis, check to measure Rugby Mining's 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 Rugby Mining is operating at the current time. Most of Rugby Mining's value examination focuses on studying past and present price action to predict the probability of Rugby Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rugby Mining's price. Additionally, you may evaluate how the addition of Rugby Mining to your portfolios can decrease your overall portfolio volatility.