Red Moon Resources Stock Market Value
| REMRF Stock | USD 0.44 0.01 2.22% |
| Symbol | Red |
Red Moon '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 Red Moon's 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 Red Moon.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Red Moon on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Red Moon Resources or generate 0.0% return on investment in Red Moon over 30 days. Red Moon is related to or competes with Adriatic Metals, Aurelia Metals, Tactical Resources, and Aldebaran Resources. Atlas Salt Inc., a junior mineral exploration company, engages in the acquisition, evaluation, and exploration of minera... More
Red Moon 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 Red Moon's 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 Red Moon Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 22.89 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.44 |
Red Moon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Red Moon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Red Moon's standard deviation. In reality, there are many statistical measures that can use Red Moon historical prices to predict the future Red Moon's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.97) |
Red Moon Resources Backtested Returns
Red Moon Resources maintains Sharpe Ratio (i.e., Efficiency) of -0.055, which implies the firm had a -0.055% return per unit of risk over the last 3 months. Red Moon Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Red Moon's Coefficient Of Variation of (2,287), variance of 10.61, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of 0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, Red Moon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Red Moon is expected to be smaller as well. At this point, Red Moon Resources has a negative expected return of -0.18%. Please make sure to check Red Moon's total risk alpha and the relationship between the skewness and relative strength index , to decide if Red Moon Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Red Moon Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between Red Moon time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Red Moon Resources price movement. The serial correlation of -0.01 indicates that just 1.0% of current Red Moon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Red Moon Resources lagged returns against current returns
Autocorrelation, which is Red Moon 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 Red Moon's otc stock expected returns. We can calculate the autocorrelation of Red Moon returns to help us make a trade decision. For example, suppose you find that Red Moon 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 |
| Timeline |
Red Moon 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 Red Moon otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Red Moon otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Red Moon otc stock over time.
Current vs Lagged Prices |
| Timeline |
Red Moon Lagged Returns
When evaluating Red Moon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Red Moon otc stock have on its future price. Red Moon 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, Red Moon autocorrelation shows the relationship between Red Moon otc stock current value and its past values and can show if there is a momentum factor associated with investing in Red Moon Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Red OTC Stock
Red Moon financial ratios help investors to determine whether Red 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 Red with respect to the benefits of owning Red Moon security.