Resolute Mining Ltd Stock Market Value
| RMGGY Stock | USD 5.70 0.00 0.00% |
| Symbol | Resolute |
Resolute Mining '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 Resolute Mining's 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 Resolute Mining.
| 01/09/2024 |
| 12/29/2025 |
If you would invest 0.00 in Resolute Mining on January 9, 2024 and sell it all today you would earn a total of 0.00 from holding Resolute Mining Ltd or generate 0.0% return on investment in Resolute Mining over 720 days. Resolute Mining is related to or competes with Snowline Gold, Bellevue Gold, Montage Gold, Usinas Siderurgicas, Deterra Royalties, Mineros SA, and Tokuyama Corp. Resolute Mining Limited engages in mining, exploration, development, operation, and production of gold properties in Afr... More
Resolute Mining 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 Resolute Mining's 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 Resolute Mining Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0423 | |||
| Maximum Drawdown | 51.54 |
Resolute Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Resolute Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Resolute Mining's standard deviation. In reality, there are many statistical measures that can use Resolute Mining historical prices to predict the future Resolute Mining's volatility.| Risk Adjusted Performance | 0.0503 | |||
| Jensen Alpha | 0.2498 | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.6069 |
Resolute Mining Backtested Returns
Resolute Mining appears to be relatively risky, given 3 months investment horizon. Resolute Mining maintains Sharpe Ratio (i.e., Efficiency) of 0.0609, which implies the firm had a 0.0609 % return per unit of risk over the last 3 months. We have found seventeen technical indicators for Resolute Mining, which you can use to evaluate the volatility of the company. Please evaluate Resolute Mining's Coefficient Of Variation of 1679.8, variance of 24.59, and Risk Adjusted Performance of 0.0503 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Resolute Mining holds a performance score of 4. The company holds a Beta of 0.47, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Resolute Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Resolute Mining is expected to be smaller as well. Please check Resolute Mining's risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and day median price , to make a quick decision on whether Resolute Mining's historical price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Resolute Mining Ltd has good predictability. Overlapping area represents the amount of predictability between Resolute Mining time series from 9th of January 2024 to 3rd of January 2025 and 3rd of January 2025 to 29th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Resolute Mining price movement. The serial correlation of 0.68 indicates that around 68.0% of current Resolute Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 2.27 |
Resolute Mining lagged returns against current returns
Autocorrelation, which is Resolute Mining 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 Resolute Mining's pink sheet expected returns. We can calculate the autocorrelation of Resolute Mining returns to help us make a trade decision. For example, suppose you find that Resolute Mining 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 |
Resolute Mining 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 Resolute Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Resolute Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Resolute Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Resolute Mining Lagged Returns
When evaluating Resolute Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Resolute Mining pink sheet have on its future price. Resolute Mining 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, Resolute Mining autocorrelation shows the relationship between Resolute Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Resolute Mining Ltd.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Resolute Pink Sheet Analysis
When running Resolute Mining's price analysis, check to measure Resolute Mining'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 Resolute Mining is operating at the current time. Most of Resolute Mining's value examination focuses on studying past and present price action to predict the probability of Resolute Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Resolute Mining's price. Additionally, you may evaluate how the addition of Resolute Mining to your portfolios can decrease your overall portfolio volatility.