Renforth Resources Stock Price on September 19, 2024
| RFHRF Stock | USD 0.01 0 20.83% |
If you're considering investing in Renforth OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Renforth Resources stands at 0.01, as last reported on the 30th of November, with the highest price reaching 0.01 and the lowest price hitting 0.01 during the day. Renforth Resources is out of control given 3 months investment horizon. Renforth Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0849, which implies the firm had a 0.0849% return per unit of risk over the last 3 months. We were able to interpolate data for thirty different technical indicators, which can help you to evaluate if expected returns of 2.26% are justified by taking the suggested risk. Use Renforth Resources Semi Deviation of 13.18, coefficient of variation of 1267.32, and Risk Adjusted Performance of 0.07 to evaluate company specific risk that cannot be diversified away.
Renforth OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Renforth |
Sharpe Ratio = 0.0849
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Estimated Market Risk
| 26.66 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.26 actual daily | 45 55% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Renforth Resources is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Renforth Resources by adding it to a well-diversified portfolio.
Renforth Resources Valuation on September 19, 2024
It is possible to determine the worth of Renforth Resources on a given historical date. On September 19, 2024 Renforth was worth 0.0109 at the beginning of the trading date compared to the closed value of 0.012. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Renforth Resources otc stock. Still, in general, we apply an absolute valuation method to find Renforth Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Renforth Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Renforth Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.01 | 0.01 | 0.01 | 0.01 | 1.00 | |
09/19/2024 | 0.01 | 0.01 | 0.01 | 0.01 | 18,000 |
| 0.01 | 0.01 | 0.01 | 0.01 | 9,000 |
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Renforth Resources Trading Date Momentum on September 19, 2024
| On September 20 2024 Renforth Resources was traded for 0.01 at the closing time. The highest daily price throughout the period was 0.01 and the lowest price was 0.01 . The daily volume was 9 K. The net trading volume on 09/20/2024 did not cause price change. The trading delta at closing time to current closing price is 9.17% . |
Renforth Resources Fundamentals Correlations and Trends
By evaluating Renforth Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Renforth Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Renforth financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Renforth Resources OTC Stock history
Renforth Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Renforth is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Renforth Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Renforth Resources stock prices may prove useful in developing a viable investing in Renforth Resources
Renforth Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. Renforth Resources Inc. is headquartered in Pickering, Canada. Renforth Resources is traded on OTC Exchange in the United States.
Renforth Resources OTC Stock Technical Analysis
Renforth Resources technical otc stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, otc market cycles, or different charting patterns.
Price Boundaries
Renforth Resources Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
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Renforth Resources November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Renforth Resources otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Renforth Resources shares will generate the highest return on investment. By undertsting and applying Renforth Resources otc stock market strength indicators, traders can identify Renforth Resources entry and exit signals to maximize returns
Renforth Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Renforth Resources' price direction in advance. Along with the technical and fundamental analysis of Renforth OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Renforth to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.07 | |||
| Jensen Alpha | 2.21 | |||
| Total Risk Alpha | (2.32) | |||
| Sortino Ratio | 0.0851 | |||
| Treynor Ratio | (1.76) |
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| Volume Indicators |
Complementary Tools for Renforth OTC Stock analysis
When running Renforth Resources' price analysis, check to measure Renforth 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 Renforth Resources is operating at the current time. Most of Renforth Resources' value examination focuses on studying past and present price action to predict the probability of Renforth Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renforth Resources' price. Additionally, you may evaluate how the addition of Renforth Resources to your portfolios can decrease your overall portfolio volatility.
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