Ragnar Metals (Australia) Market Value
| RAG Stock | 0.02 0.00 0.00% |
| Symbol | Ragnar |
Ragnar Metals '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 Ragnar Metals' 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 Ragnar Metals.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Ragnar Metals on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Ragnar Metals or generate 0.0% return on investment in Ragnar Metals over 30 days. Ragnar Metals is related to or competes with Computershare, Hotel Property, Ras Technology, Carlton Investments, Flagship Investments, Macquarie Technology, and Navigator Global. Ragnar Metals is entity of Australia. It is traded as Stock on AU exchange. More
Ragnar Metals 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 Ragnar Metals' 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 Ragnar Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.7 | |||
| Information Ratio | 0.0041 | |||
| Maximum Drawdown | 22.98 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 5.88 |
Ragnar Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ragnar Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ragnar Metals' standard deviation. In reality, there are many statistical measures that can use Ragnar Metals historical prices to predict the future Ragnar Metals' volatility.| Risk Adjusted Performance | 0.0371 | |||
| Jensen Alpha | 0.0187 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | 0.0029 | |||
| Treynor Ratio | 0.1467 |
Ragnar Metals Backtested Returns
Ragnar Metals appears to be out of control, given 3 months investment horizon. Ragnar Metals maintains Sharpe Ratio (i.e., Efficiency) of 0.0576, which implies the firm had a 0.0576% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Ragnar Metals, which you can use to evaluate the volatility of the company. Please evaluate Ragnar Metals' Coefficient Of Variation of 2640.68, risk adjusted performance of 0.0371, and Semi Deviation of 2.82 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ragnar Metals holds a performance score of 4. The company holds a Beta of 0.98, which implies possible diversification benefits within a given portfolio. Ragnar Metals returns are very sensitive to returns on the market. As the market goes up or down, Ragnar Metals is expected to follow. Please check Ragnar Metals' variance, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Ragnar Metals' historical price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
Ragnar Metals has weak predictability. Overlapping area represents the amount of predictability between Ragnar Metals time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Ragnar Metals price movement. The serial correlation of 0.23 indicates that over 23.0% of current Ragnar Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ragnar Metals lagged returns against current returns
Autocorrelation, which is Ragnar Metals 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 Ragnar Metals' stock expected returns. We can calculate the autocorrelation of Ragnar Metals returns to help us make a trade decision. For example, suppose you find that Ragnar Metals 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 |
Ragnar Metals 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 Ragnar Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ragnar Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ragnar Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Ragnar Metals Lagged Returns
When evaluating Ragnar Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ragnar Metals stock have on its future price. Ragnar Metals 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, Ragnar Metals autocorrelation shows the relationship between Ragnar Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Ragnar Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ragnar Stock Analysis
When running Ragnar Metals' price analysis, check to measure Ragnar Metals' 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 Ragnar Metals is operating at the current time. Most of Ragnar Metals' value examination focuses on studying past and present price action to predict the probability of Ragnar Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ragnar Metals' price. Additionally, you may evaluate how the addition of Ragnar Metals to your portfolios can decrease your overall portfolio volatility.