Ridgeline Minerals Corp Stock Market Value
| RDGMF Stock | USD 0.11 0.01 11.11% |
| Symbol | Ridgeline |
Ridgeline Minerals '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 Ridgeline Minerals' otc 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 Ridgeline Minerals.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Ridgeline Minerals on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Ridgeline Minerals Corp or generate 0.0% return on investment in Ridgeline Minerals over 30 days. Ridgeline Minerals is related to or competes with Grande Portage, White Gold, Aurion Resources, Minera Alamos, and Rio2. Ridgeline Minerals Corp. engages in the acquisition, exploration, and evaluation of mineral properties in the United Sta... More
Ridgeline Minerals 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 Ridgeline Minerals' otc 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 Ridgeline Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.19 | |||
| Information Ratio | 0.016 | |||
| Maximum Drawdown | 35.91 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Ridgeline Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ridgeline Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ridgeline Minerals' standard deviation. In reality, there are many statistical measures that can use Ridgeline Minerals historical prices to predict the future Ridgeline Minerals' volatility.| Risk Adjusted Performance | 0.0333 | |||
| Jensen Alpha | 0.4355 | |||
| Total Risk Alpha | (0.89) | |||
| Sortino Ratio | 0.0137 | |||
| Treynor Ratio | (0.12) |
Ridgeline Minerals Corp Backtested Returns
Ridgeline Minerals appears to be out of control, given 3 months investment horizon. Ridgeline Minerals Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0336, which implies the firm had a 0.0336% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ridgeline Minerals Corp, which you can use to evaluate the volatility of the company. Please evaluate Ridgeline Minerals' Coefficient Of Variation of 2968.67, risk adjusted performance of 0.0333, and Semi Deviation of 5.18 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ridgeline Minerals holds a performance score of 2. The company holds a Beta of -1.83, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ridgeline Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Ridgeline Minerals is expected to outperform it. Please check Ridgeline Minerals' jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Ridgeline Minerals' historical price patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Ridgeline Minerals Corp has good reverse predictability. Overlapping area represents the amount of predictability between Ridgeline Minerals time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Ridgeline Minerals Corp price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Ridgeline Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ridgeline Minerals Corp lagged returns against current returns
Autocorrelation, which is Ridgeline Minerals otc 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 Ridgeline Minerals' otc stock expected returns. We can calculate the autocorrelation of Ridgeline Minerals returns to help us make a trade decision. For example, suppose you find that Ridgeline Minerals has exhibited high autocorrelation historically, and you observe that the otc 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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Ridgeline Minerals 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 Ridgeline Minerals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ridgeline Minerals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ridgeline Minerals otc stock over time.
Current vs Lagged Prices |
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Ridgeline Minerals Lagged Returns
When evaluating Ridgeline Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ridgeline Minerals otc stock have on its future price. Ridgeline Minerals 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, Ridgeline Minerals autocorrelation shows the relationship between Ridgeline Minerals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Ridgeline Minerals Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Ridgeline OTC Stock
Ridgeline Minerals financial ratios help investors to determine whether Ridgeline OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ridgeline with respect to the benefits of owning Ridgeline Minerals security.