Richmond Minerals Stock Market Value
| RMD Stock | CAD 0.03 0.01 50.00% |
| Symbol | Richmond |
Richmond 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 Richmond Minerals' 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 Richmond Minerals.
| 08/26/2024 |
| 11/24/2024 |
If you would invest 0.00 in Richmond Minerals on August 26, 2024 and sell it all today you would earn a total of 0.00 from holding Richmond Minerals or generate 0.0% return on investment in Richmond Minerals over 90 days. Richmond Minerals is related to or competes with Quipt Home, Arizona Metals, Lion One, Precision Drilling, AKITA Drilling, Nicola Mining, and Mako Mining. Richmond Minerals Inc. engages in the exploration and development of base and precious metals in northern Ontario and Qu... More
Richmond 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 Richmond Minerals' 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 Richmond Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 35.16 | |||
| Information Ratio | 0.0723 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Richmond Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Richmond Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Richmond Minerals' standard deviation. In reality, there are many statistical measures that can use Richmond Minerals historical prices to predict the future Richmond Minerals' volatility.| Risk Adjusted Performance | 0.0708 | |||
| Jensen Alpha | 1.52 | |||
| Total Risk Alpha | (1.36) | |||
| Sortino Ratio | 0.0358 | |||
| Treynor Ratio | (1.18) |
Richmond Minerals Backtested Returns
Richmond Minerals is out of control given 3 months investment horizon. Richmond Minerals maintains Sharpe Ratio (i.e., Efficiency) of 0.0811, which implies the firm had a 0.0811% 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 1.43% are justified by taking the suggested risk. Use Richmond Minerals Risk Adjusted Performance of 0.0708, semi deviation of 10.17, and Coefficient Of Variation of 1252.32 to evaluate company specific risk that cannot be diversified away. Richmond Minerals holds a performance score of 6 on a scale of zero to a hundred. The company holds a Beta of -1.17, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Richmond Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Richmond Minerals is expected to outperform it. Use Richmond Minerals information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to analyze future returns on Richmond Minerals.
Auto-correlation | 0.31 |
Below average predictability
Richmond Minerals has below average predictability. Overlapping area represents the amount of predictability between Richmond Minerals time series from 26th of August 2024 to 10th of October 2024 and 10th of October 2024 to 24th 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 Richmond Minerals price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Richmond Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Richmond Minerals lagged returns against current returns
Autocorrelation, which is Richmond Minerals 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 Richmond Minerals' stock expected returns. We can calculate the autocorrelation of Richmond Minerals returns to help us make a trade decision. For example, suppose you find that Richmond Minerals 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 |
Richmond 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 Richmond Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Richmond Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Richmond Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Richmond Minerals Lagged Returns
When evaluating Richmond Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Richmond Minerals stock have on its future price. Richmond 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, Richmond Minerals autocorrelation shows the relationship between Richmond Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Richmond Minerals.
Regressed Prices |
| Timeline |
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Additional Tools for Richmond Stock Analysis
When running Richmond Minerals' price analysis, check to measure Richmond Minerals' 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 Richmond Minerals is operating at the current time. Most of Richmond Minerals' value examination focuses on studying past and present price action to predict the probability of Richmond Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Richmond Minerals' price. Additionally, you may evaluate how the addition of Richmond Minerals to your portfolios can decrease your overall portfolio volatility.