Rimrock Gold Corp Stock Market Value
| RMRK Stock | USD 0.0003 0.0001 25.00% |
| Symbol | Rimrock |
Rimrock Gold '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 Rimrock Gold'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 Rimrock Gold.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Rimrock Gold on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Rimrock Gold Corp or generate 0.0% return on investment in Rimrock Gold over 510 days. Rimrock Gold Corp., through its subsidiary, focuses on the development and marketing a line of CBD oils, creams, and hem... More
Rimrock Gold 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 Rimrock Gold'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 Rimrock Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 26.52 | |||
| Information Ratio | 0.0652 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Rimrock Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rimrock Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rimrock Gold's standard deviation. In reality, there are many statistical measures that can use Rimrock Gold historical prices to predict the future Rimrock Gold's volatility.| Risk Adjusted Performance | 0.0657 | |||
| Jensen Alpha | 1.87 | |||
| Total Risk Alpha | (1.27) | |||
| Sortino Ratio | 0.038 | |||
| Treynor Ratio | (0.18) |
Rimrock Gold Corp Backtested Returns
Rimrock Gold is out of control given 3 months investment horizon. Rimrock Gold Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0752, which implies the firm had a 0.0752% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.19% are justified by taking the suggested risk. Use Rimrock Gold Semi Deviation of 9.96, risk adjusted performance of 0.0657, and Coefficient Of Variation of 1360.66 to evaluate company specific risk that cannot be diversified away. Rimrock Gold holds a performance score of 5 on a scale of zero to a hundred. The company holds a Beta of -6.31, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Rimrock Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Rimrock Gold is expected to outperform it. Use Rimrock Gold maximum drawdown, as well as the relationship between the expected short fall and day median price , to analyze future returns on Rimrock Gold.
Auto-correlation | 0.30 |
Below average predictability
Rimrock Gold Corp has below average predictability. Overlapping area represents the amount of predictability between Rimrock Gold time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Rimrock Gold Corp price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Rimrock Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rimrock Gold Corp lagged returns against current returns
Autocorrelation, which is Rimrock Gold 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 Rimrock Gold's pink sheet expected returns. We can calculate the autocorrelation of Rimrock Gold returns to help us make a trade decision. For example, suppose you find that Rimrock Gold 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 |
Rimrock Gold 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 Rimrock Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rimrock Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rimrock Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Rimrock Gold Lagged Returns
When evaluating Rimrock Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rimrock Gold pink sheet have on its future price. Rimrock Gold 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, Rimrock Gold autocorrelation shows the relationship between Rimrock Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Rimrock Gold Corp.
Regressed Prices |
| Timeline |
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Rimrock Gold financial ratios help investors to determine whether Rimrock 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 Rimrock with respect to the benefits of owning Rimrock Gold security.