Resource Base (Australia) Market Value
| RBX Stock | 0.04 0 4.76% |
| Symbol | Resource |
Resource Base '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 Resource Base'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 Resource Base.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Resource Base on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Resource Base or generate 0.0% return on investment in Resource Base over 390 days. Resource Base is related to or competes with Super Retail, Macquarie Bank, Dexus Convenience, Kkr Credit, EP Financial, and Charter Hall. Resource Base is entity of Australia. It is traded as Stock on AU exchange. More
Resource Base 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 Resource Base'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 Resource Base upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0161 | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 2.94 |
Resource Base Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Resource Base's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Resource Base's standard deviation. In reality, there are many statistical measures that can use Resource Base historical prices to predict the future Resource Base's volatility.| Risk Adjusted Performance | 0.045 | |||
| Jensen Alpha | 0.2442 | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.53) |
Resource Base Backtested Returns
Resource Base appears to be out of control, given 3 months investment horizon. Resource Base maintains Sharpe Ratio (i.e., Efficiency) of 0.0485, which implies the firm had a 0.0485% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Resource Base, which you can use to evaluate the volatility of the company. Please evaluate Resource Base's Variance of 18.45, risk adjusted performance of 0.045, and Coefficient Of Variation of 2077.32 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Resource Base holds a performance score of 3. The company holds a Beta of -0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Resource Base are expected to decrease at a much lower rate. During the bear market, Resource Base is likely to outperform the market. Please check Resource Base's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to make a quick decision on whether Resource Base's historical price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Resource Base has very weak reverse predictability. Overlapping area represents the amount of predictability between Resource Base time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th of November 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 Resource Base price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Resource Base price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Resource Base lagged returns against current returns
Autocorrelation, which is Resource Base 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 Resource Base's stock expected returns. We can calculate the autocorrelation of Resource Base returns to help us make a trade decision. For example, suppose you find that Resource Base 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 |
Resource Base 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 Resource Base stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Resource Base stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Resource Base stock over time.
Current vs Lagged Prices |
| Timeline |
Resource Base Lagged Returns
When evaluating Resource Base's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Resource Base stock have on its future price. Resource Base 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, Resource Base autocorrelation shows the relationship between Resource Base stock current value and its past values and can show if there is a momentum factor associated with investing in Resource Base.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Resource Stock Analysis
When running Resource Base's price analysis, check to measure Resource Base'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 Resource Base is operating at the current time. Most of Resource Base's value examination focuses on studying past and present price action to predict the probability of Resource Base's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Resource Base's price. Additionally, you may evaluate how the addition of Resource Base to your portfolios can decrease your overall portfolio volatility.