Raiden Resources (Australia) Market Value
| RDN Stock | 0.01 0 11.76% |
| Symbol | Raiden |
Raiden Resources '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 Raiden Resources' 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 Raiden Resources.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Raiden Resources on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Raiden Resources or generate 0.0% return on investment in Raiden Resources over 30 days. Raiden Resources is related to or competes with MotorCycle Holdings, Mayfield Childcare, Capitol Health, and Oceania Healthcare. Raiden Resources is entity of Australia. It is traded as Stock on AU exchange. More
Raiden Resources 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 Raiden Resources' 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 Raiden Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 41.47 | |||
| Value At Risk | (10.53) | |||
| Potential Upside | 9.38 |
Raiden Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Raiden Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Raiden Resources' standard deviation. In reality, there are many statistical measures that can use Raiden Resources historical prices to predict the future Raiden Resources' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (1.47) | |||
| Treynor Ratio | 0.6877 |
Raiden Resources Backtested Returns
Raiden Resources maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Raiden Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Raiden Resources' Coefficient Of Variation of (1,356), risk adjusted performance of (0.05), and Variance of 42.59 to confirm the risk estimate we provide. The company holds a Beta of -0.71, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Raiden Resources are expected to decrease at a much lower rate. During the bear market, Raiden Resources is likely to outperform the market. At this point, Raiden Resources has a negative expected return of -0.67%. Please make sure to check Raiden Resources' treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Raiden Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Raiden Resources has good predictability. Overlapping area represents the amount of predictability between Raiden Resources time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Raiden Resources price movement. The serial correlation of 0.78 indicates that around 78.0% of current Raiden Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Raiden Resources lagged returns against current returns
Autocorrelation, which is Raiden Resources 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 Raiden Resources' stock expected returns. We can calculate the autocorrelation of Raiden Resources returns to help us make a trade decision. For example, suppose you find that Raiden Resources 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 |
Raiden Resources 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 Raiden Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Raiden Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Raiden Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Raiden Resources Lagged Returns
When evaluating Raiden Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Raiden Resources stock have on its future price. Raiden Resources 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, Raiden Resources autocorrelation shows the relationship between Raiden Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Raiden Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Raiden Stock Analysis
When running Raiden Resources' price analysis, check to measure Raiden 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 Raiden Resources is operating at the current time. Most of Raiden Resources' value examination focuses on studying past and present price action to predict the probability of Raiden Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Raiden Resources' price. Additionally, you may evaluate how the addition of Raiden Resources to your portfolios can decrease your overall portfolio volatility.