Rainy Mountain Royalty Stock Market Value
| RMO Stock | CAD 0.04 0.01 20.00% |
| Symbol | Rainy |
Rainy Mountain '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 Rainy Mountain'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 Rainy Mountain.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Rainy Mountain on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Rainy Mountain Royalty or generate 0.0% return on investment in Rainy Mountain over 30 days. Rainy Mountain is related to or competes with Doman Building, Queens Road, Slate Grocery, Ramp Metals, and Broadcom. Rainy Mountain Royalty Corp. engages in the acquisition and exploration of mineral resources properties in Canada More
Rainy Mountain 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 Rainy Mountain'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 Rainy Mountain Royalty upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 25.0 |
Rainy Mountain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rainy Mountain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rainy Mountain's standard deviation. In reality, there are many statistical measures that can use Rainy Mountain historical prices to predict the future Rainy Mountain's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | 0.3836 |
Rainy Mountain Royalty Backtested Returns
Rainy Mountain Royalty maintains Sharpe Ratio (i.e., Efficiency) of -0.0501, which implies the firm had a -0.0501% return per unit of risk over the last 3 months. Rainy Mountain Royalty exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rainy Mountain's Variance of 21.87, coefficient of variation of (2,058), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of -0.62, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Rainy Mountain are expected to decrease at a much lower rate. During the bear market, Rainy Mountain is likely to outperform the market. At this point, Rainy Mountain Royalty has a negative expected return of -0.24%. Please make sure to check Rainy Mountain's variance, skewness, as well as the relationship between the Skewness and day median price , to decide if Rainy Mountain Royalty performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Rainy Mountain Royalty has no correlation between past and present. Overlapping area represents the amount of predictability between Rainy Mountain time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Rainy Mountain Royalty price movement. The serial correlation of 0.0 indicates that just 0.0% of current Rainy Mountain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rainy Mountain Royalty lagged returns against current returns
Autocorrelation, which is Rainy Mountain 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 Rainy Mountain's stock expected returns. We can calculate the autocorrelation of Rainy Mountain returns to help us make a trade decision. For example, suppose you find that Rainy Mountain 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 |
Rainy Mountain 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 Rainy Mountain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rainy Mountain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rainy Mountain stock over time.
Current vs Lagged Prices |
| Timeline |
Rainy Mountain Lagged Returns
When evaluating Rainy Mountain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rainy Mountain stock have on its future price. Rainy Mountain 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, Rainy Mountain autocorrelation shows the relationship between Rainy Mountain stock current value and its past values and can show if there is a momentum factor associated with investing in Rainy Mountain Royalty.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Rainy Stock Analysis
When running Rainy Mountain's price analysis, check to measure Rainy Mountain'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 Rainy Mountain is operating at the current time. Most of Rainy Mountain's value examination focuses on studying past and present price action to predict the probability of Rainy Mountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rainy Mountain's price. Additionally, you may evaluate how the addition of Rainy Mountain to your portfolios can decrease your overall portfolio volatility.