Rathdowney Resources Stock Market Value
| RTH Stock | CAD 0.02 0.01 100.00% |
| Symbol | Rathdowney |
Rathdowney 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 Rathdowney 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 Rathdowney Resources.
| 11/06/2024 |
| 12/06/2024 |
If you would invest 0.00 in Rathdowney Resources on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding Rathdowney Resources or generate 0.0% return on investment in Rathdowney Resources over 30 days. Rathdowney Resources is related to or competes with Financial, Rubicon Organics, Intact Financial, CI Investment, and Data Communications. Rathdowney Resources Ltd. acquires, explores for, and develops mineral properties More
Rathdowney 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 Rathdowney 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 Rathdowney Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0705 | |||
| Maximum Drawdown | 150.0 |
Rathdowney Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rathdowney Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rathdowney Resources' standard deviation. In reality, there are many statistical measures that can use Rathdowney Resources historical prices to predict the future Rathdowney Resources' volatility.| Risk Adjusted Performance | 0.0673 | |||
| Jensen Alpha | 1.91 | |||
| Total Risk Alpha | (1.83) | |||
| Treynor Ratio | (0.47) |
Rathdowney Resources Backtested Returns
Rathdowney Resources is out of control given 3 months investment horizon. Rathdowney Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0793, which implies the firm had a 0.0793% return per unit of risk over the last 3 months. We were able to interpolate twenty different technical indicators, which can help you to evaluate if expected returns of 1.59% are justified by taking the suggested risk. Use Rathdowney Resources Risk Adjusted Performance of 0.0673, coefficient of variation of 1290.44, and Variance of 382.28 to evaluate company specific risk that cannot be diversified away. Rathdowney Resources holds a performance score of 6 on a scale of zero to a hundred. The company holds a Beta of -3.19, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Rathdowney Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Rathdowney Resources is expected to outperform it. Use Rathdowney Resources skewness, day median price, as well as the relationship between the Day Median Price and relative strength index , to analyze future returns on Rathdowney Resources.
Auto-correlation | -0.1 |
Very weak reverse predictability
Rathdowney Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between Rathdowney Resources time series from 6th of November 2024 to 21st of November 2024 and 21st of November 2024 to 6th 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 Rathdowney Resources price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Rathdowney Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rathdowney Resources lagged returns against current returns
Autocorrelation, which is Rathdowney 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 Rathdowney Resources' stock expected returns. We can calculate the autocorrelation of Rathdowney Resources returns to help us make a trade decision. For example, suppose you find that Rathdowney 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 |
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Rathdowney 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 Rathdowney Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rathdowney Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rathdowney Resources stock over time.
Current vs Lagged Prices |
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Rathdowney Resources Lagged Returns
When evaluating Rathdowney Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rathdowney Resources stock have on its future price. Rathdowney 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, Rathdowney Resources autocorrelation shows the relationship between Rathdowney Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Rathdowney Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Rathdowney Stock Analysis
When running Rathdowney Resources' price analysis, check to measure Rathdowney 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 Rathdowney Resources is operating at the current time. Most of Rathdowney Resources' value examination focuses on studying past and present price action to predict the probability of Rathdowney Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rathdowney Resources' price. Additionally, you may evaluate how the addition of Rathdowney Resources to your portfolios can decrease your overall portfolio volatility.