Ridgestone Mining Stock Price on April 3, 2024
RIGMF Stock | USD 0.05 0 6.74% |
If you're considering investing in Ridgestone Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Ridgestone Mining stands at 0.05, as last reported on the 23rd of November, with the highest price reaching 0.05 and the lowest price hitting 0.05 during the day. Ridgestone Mining maintains Sharpe Ratio (i.e., Efficiency) of -0.0066, which implies the firm had a -0.0066% return per unit of risk over the last 3 months. Ridgestone Mining exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ridgestone Mining's Risk Adjusted Performance of 0.0284, semi deviation of 8.57, and Coefficient Of Variation of 4021.46 to confirm the risk estimate we provide.
Ridgestone Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Ridgestone |
Sharpe Ratio = -0.0066
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Estimated Market Risk
10.99 actual daily | 96 96% of assets are less volatile |
Expected Return
-0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ridgestone Mining is not performing at its full potential. However, 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 Ridgestone Mining by adding Ridgestone Mining to a well-diversified portfolio.
Ridgestone Mining Valuation on April 3, 2024
It is possible to determine the worth of Ridgestone Mining on a given historical date. On April 3, 2024 Ridgestone was worth 0.074 at the beginning of the trading date compared to the closed value of 0.074. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ridgestone Mining pink sheet. Still, in general, we apply an absolute valuation method to find Ridgestone Mining's 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 Ridgestone Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ridgestone Mining's related companies.
Open | High | Low | Close | Volume | |
0.07 | 0.07 | 0.07 | 0.07 | 50.00 | |
04/03/2024 | 0.07 | 0.07 | 0.07 | 0.07 | 1.00 |
0.09 | 0.09 | 0.09 | 0.09 | 950.00 |
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Ridgestone Mining Trading Date Momentum on April 3, 2024
On April 04 2024 Ridgestone Mining was traded for 0.09 at the closing time. The highest daily price throughout the period was 0.09 and the lowest price was 0.09 . The daily volume was 950. The net trading volume on 04/04/2024 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 17.57% . The trading delta at closing time to current closing price is 12.70% . |
Ridgestone Mining Fundamentals Correlations and Trends
By evaluating Ridgestone Mining's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ridgestone Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ridgestone financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ridgestone Mining Pink Sheet history
Ridgestone Mining 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 Ridgestone is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ridgestone Mining 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 Ridgestone Mining stock prices may prove useful in developing a viable investing in Ridgestone Mining
Ridgestone Mining Inc. acquires, explores for, and develops mineral properties in Mexico. The company was incorporated in 2017 and is based in North Vancouver, Canada. Ridgestone Mining is traded on OTC Exchange in the United States.
Ridgestone Mining Pink Sheet Technical Analysis
Ridgestone Mining technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Ridgestone Mining Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Ridgestone Mining cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Ridgestone Mining November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Ridgestone Mining pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ridgestone Mining shares will generate the highest return on investment. By undertsting and applying Ridgestone Mining pink sheet market strength indicators, traders can identify Ridgestone Mining entry and exit signals to maximize returns
Ridgestone Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ridgestone Mining's price direction in advance. Along with the technical and fundamental analysis of Ridgestone Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ridgestone 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 | 0.0284 | |||
Jensen Alpha | 0.1483 | |||
Total Risk Alpha | (1.50) | |||
Sortino Ratio | 0.01 | |||
Treynor Ratio | 0.2679 |
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Volume Indicators |
Complementary Tools for Ridgestone Pink Sheet analysis
When running Ridgestone Mining's price analysis, check to measure Ridgestone 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 Ridgestone Mining is operating at the current time. Most of Ridgestone Mining's value examination focuses on studying past and present price action to predict the probability of Ridgestone 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 Ridgestone Mining's price. Additionally, you may evaluate how the addition of Ridgestone Mining to your portfolios can decrease your overall portfolio volatility.
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