Regis Resources Stock Market Value
| RGRNF Stock | USD 1.70 0.10 6.25% |
| Symbol | Regis |
Regis 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 Regis Resources' pink sheet 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 Regis Resources.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Regis Resources on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Regis Resources or generate 0.0% return on investment in Regis Resources over 90 days. Regis Resources is related to or competes with Centerra Gold, Coeur Mining, Kinross Gold, Northern Star, West African, Dundee Precious, and Evolution Mining. Regis Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of gold... More
Regis 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 Regis Resources' pink sheet 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 Regis Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.53 | |||
| Information Ratio | 0.1336 | |||
| Maximum Drawdown | 29.11 | |||
| Value At Risk | (5.76) | |||
| Potential Upside | 11.11 |
Regis Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Regis Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Regis Resources' standard deviation. In reality, there are many statistical measures that can use Regis Resources historical prices to predict the future Regis Resources' volatility.| Risk Adjusted Performance | 0.1312 | |||
| Jensen Alpha | 0.8607 | |||
| Total Risk Alpha | 0.0357 | |||
| Sortino Ratio | 0.0964 | |||
| Treynor Ratio | (0.74) |
Regis Resources Backtested Returns
Regis Resources appears to be dangerous, given 3 months investment horizon. Regis Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Regis Resources' technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please evaluate Regis Resources' Risk Adjusted Performance of 0.1312, semi deviation of 2.41, and Coefficient Of Variation of 623.99 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Regis Resources holds a performance score of 12. The company holds a Beta of -1.0, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Regis Resources are expected to decrease slowly. On the other hand, during market turmoil, Regis Resources is expected to outperform it slightly. Please check Regis Resources' total risk alpha, expected short fall, period momentum indicator, as well as the relationship between the value at risk and rate of daily change , to make a quick decision on whether Regis Resources' historical price patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Regis Resources has insignificant reverse predictability. Overlapping area represents the amount of predictability between Regis Resources time series from 31st of August 2024 to 15th of October 2024 and 15th of October 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 Regis Resources price movement. The serial correlation of -0.19 indicates that over 19.0% of current Regis Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Regis Resources lagged returns against current returns
Autocorrelation, which is Regis Resources pink sheet'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 Regis Resources' pink sheet expected returns. We can calculate the autocorrelation of Regis Resources returns to help us make a trade decision. For example, suppose you find that Regis Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Regis 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 Regis Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Regis Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Regis Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Regis Resources Lagged Returns
When evaluating Regis Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Regis Resources pink sheet have on its future price. Regis 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, Regis Resources autocorrelation shows the relationship between Regis Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Regis Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Regis Pink Sheet
Regis Resources financial ratios help investors to determine whether Regis Pink Sheet 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 Regis with respect to the benefits of owning Regis Resources security.