Richmond Minerals Stock Market Value
| RMDFF Stock | USD 0 0.00 0.00% |
| 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' 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 Richmond Minerals.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Richmond Minerals on May 7, 2023 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 570 days. Richmond Minerals is related to or competes with Morningstar Unconstrained, High-yield Municipal, Knife River, Klckner Co, CarMax, SEI Investments, and Kosmos Energy. Richmond Minerals Inc. engages in the exploration and development of base and precious metals in Canada and Austria 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' 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 Richmond Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 62.0 |
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 | (0.09) | |||
| Jensen Alpha | (1.02) | |||
| Total Risk Alpha | (2.13) | |||
| Treynor Ratio | (1.64) |
Richmond Minerals Backtested Returns
Richmond Minerals maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Richmond Minerals exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Richmond Minerals' Variance of 58.24, coefficient of variation of (812.40), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The company holds a Beta of 0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Richmond Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Richmond Minerals is expected to be smaller as well. At this point, Richmond Minerals has a negative expected return of -0.98%. Please make sure to check Richmond Minerals' variance, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Richmond Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Richmond Minerals has poor reverse predictability. Overlapping area represents the amount of predictability between Richmond Minerals time series from 7th of May 2023 to 16th of February 2024 and 16th of February 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 Richmond Minerals price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Richmond Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Richmond Minerals lagged returns against current returns
Autocorrelation, which is Richmond Minerals 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 Richmond Minerals' pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Richmond Minerals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Richmond Minerals pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Richmond Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Richmond Pink Sheet
Richmond Minerals financial ratios help investors to determine whether Richmond 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 Richmond with respect to the benefits of owning Richmond Minerals security.