Rusoro Mining Stock Market Value
| RML Stock | CAD 0.77 0.02 2.53% |
| Symbol | Rusoro |
Rusoro Mining Price To Book Ratio
Rusoro 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 Rusoro Mining'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 Rusoro Mining.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Rusoro Mining on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Rusoro Mining or generate 0.0% return on investment in Rusoro Mining over 180 days. Rusoro Mining is related to or competes with Monument Mining, and Gunpoint Exploration. Rusoro Mining Ltd. engages in the acquisition, exploration, development, and operation of gold mineral properties in Ven... More
Rusoro 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 Rusoro Mining'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 Rusoro Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 37.63 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 7.69 |
Rusoro Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rusoro Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rusoro Mining's standard deviation. In reality, there are many statistical measures that can use Rusoro Mining historical prices to predict the future Rusoro Mining's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.96) | |||
| Total Risk Alpha | (1.65) | |||
| Treynor Ratio | (0.29) |
Rusoro Mining Backtested Returns
Rusoro Mining 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. Rusoro Mining exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rusoro Mining's Variance of 40.68, risk adjusted performance of (0.07), and Coefficient Of Variation of (942.23) to confirm the risk estimate we provide. The company holds a Beta of 2.35, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Rusoro Mining will likely underperform. At this point, Rusoro Mining has a negative expected return of -0.7%. Please make sure to check Rusoro Mining's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Rusoro Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Rusoro Mining has good reverse predictability. Overlapping area represents the amount of predictability between Rusoro Mining time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Rusoro Mining price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Rusoro Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Rusoro Mining lagged returns against current returns
Autocorrelation, which is Rusoro Mining 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 Rusoro Mining's stock expected returns. We can calculate the autocorrelation of Rusoro Mining returns to help us make a trade decision. For example, suppose you find that Rusoro Mining 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 |
Rusoro 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 Rusoro Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rusoro Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rusoro Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Rusoro Mining Lagged Returns
When evaluating Rusoro Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rusoro Mining stock have on its future price. Rusoro 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, Rusoro Mining autocorrelation shows the relationship between Rusoro Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Rusoro Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Rusoro Stock Analysis
When running Rusoro Mining's price analysis, check to measure Rusoro 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 Rusoro Mining is operating at the current time. Most of Rusoro Mining's value examination focuses on studying past and present price action to predict the probability of Rusoro 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 Rusoro Mining's price. Additionally, you may evaluate how the addition of Rusoro Mining to your portfolios can decrease your overall portfolio volatility.