Romios Gold Resources Stock Market Value
| RG Stock | CAD 0.01 0.01 25.00% |
| Symbol | Romios |
Romios Gold Resources Price To Book Ratio
Romios Gold '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 Romios Gold'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 Romios Gold.
| 01/12/2023 |
| 12/02/2024 |
If you would invest 0.00 in Romios Gold on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Romios Gold Resources or generate 0.0% return on investment in Romios Gold over 690 days. Romios Gold is related to or competes with Carlin Gold. Romios Gold Resources Inc. engages in the exploration of precious and base metals in Canada More
Romios Gold 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 Romios Gold'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 Romios Gold Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 51.23 | |||
| Information Ratio | 0.1056 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Romios Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Romios Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Romios Gold's standard deviation. In reality, there are many statistical measures that can use Romios Gold historical prices to predict the future Romios Gold's volatility.| Risk Adjusted Performance | 0.0939 | |||
| Jensen Alpha | 4.29 | |||
| Total Risk Alpha | (1.77) | |||
| Sortino Ratio | 0.0639 | |||
| Treynor Ratio | (0.49) |
Romios Gold Resources Backtested Returns
Romios Gold is out of control given 3 months investment horizon. Romios Gold 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. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 3.52% are justified by taking the suggested risk. Use Romios Gold Coefficient Of Variation of 908.55, risk adjusted performance of 0.0939, and Semi Deviation of 14.67 to evaluate company specific risk that cannot be diversified away. Romios Gold holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -6.98, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Romios Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Romios Gold is expected to outperform it. Use Romios Gold treynor ratio and the relationship between the downside variance and day median price , to analyze future returns on Romios Gold.
Auto-correlation | 0.13 |
Insignificant predictability
Romios Gold Resources has insignificant predictability. Overlapping area represents the amount of predictability between Romios Gold time series from 12th of January 2023 to 23rd of December 2023 and 23rd of December 2023 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 Romios Gold Resources price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Romios Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Romios Gold Resources lagged returns against current returns
Autocorrelation, which is Romios Gold 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 Romios Gold's stock expected returns. We can calculate the autocorrelation of Romios Gold returns to help us make a trade decision. For example, suppose you find that Romios Gold 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 |
Romios Gold 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 Romios Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Romios Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Romios Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Romios Gold Lagged Returns
When evaluating Romios Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Romios Gold stock have on its future price. Romios Gold 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, Romios Gold autocorrelation shows the relationship between Romios Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Romios Gold Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Romios Stock Analysis
When running Romios Gold's price analysis, check to measure Romios Gold'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 Romios Gold is operating at the current time. Most of Romios Gold's value examination focuses on studying past and present price action to predict the probability of Romios Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Romios Gold's price. Additionally, you may evaluate how the addition of Romios Gold to your portfolios can decrease your overall portfolio volatility.