Ramelius Resources (Australia) Market Value
| RMS Stock | 2.47 0.07 2.92% |
| Symbol | Ramelius |
Ramelius Resources '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 Ramelius Resources' 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 Ramelius Resources.
| 02/08/2024 |
| 02/02/2025 |
If you would invest 0.00 in Ramelius Resources on February 8, 2024 and sell it all today you would earn a total of 0.00 from holding Ramelius Resources or generate 0.0% return on investment in Ramelius Resources over 360 days. Ramelius Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, De Grey, Sandfire Resources, Aneka Tambang, and Perseus Mining. Ramelius Resources is entity of Australia More
Ramelius Resources 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 Ramelius Resources' 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 Ramelius Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.55 | |||
| Information Ratio | 0.0157 | |||
| Maximum Drawdown | 12.7 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 3.32 |
Ramelius Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ramelius Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ramelius Resources' standard deviation. In reality, there are many statistical measures that can use Ramelius Resources historical prices to predict the future Ramelius Resources' volatility.| Risk Adjusted Performance | 0.0476 | |||
| Jensen Alpha | 0.1308 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0145 | |||
| Treynor Ratio | (0.29) |
Ramelius Resources Backtested Returns
Currently, Ramelius Resources is unstable. Ramelius Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0425, which implies the firm had a 0.0425 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ramelius Resources, which you can use to evaluate the volatility of the company. Please check Ramelius Resources' Coefficient Of Variation of 2038.07, risk adjusted performance of 0.0476, and Semi Deviation of 2.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Ramelius Resources has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of -0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ramelius Resources are expected to decrease at a much lower rate. During the bear market, Ramelius Resources is likely to outperform the market. Ramelius Resources right now holds a risk of 2.39%. Please check Ramelius Resources sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Ramelius Resources will be following its historical price patterns.
Auto-correlation | 0.51 |
Modest predictability
Ramelius Resources has modest predictability. Overlapping area represents the amount of predictability between Ramelius Resources time series from 8th of February 2024 to 6th of August 2024 and 6th of August 2024 to 2nd of February 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 Ramelius Resources price movement. The serial correlation of 0.51 indicates that about 51.0% of current Ramelius Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ramelius Resources lagged returns against current returns
Autocorrelation, which is Ramelius Resources 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 Ramelius Resources' stock expected returns. We can calculate the autocorrelation of Ramelius Resources returns to help us make a trade decision. For example, suppose you find that Ramelius Resources 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 |
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Ramelius Resources 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 Ramelius Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ramelius Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ramelius Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Ramelius Resources Lagged Returns
When evaluating Ramelius Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ramelius Resources stock have on its future price. Ramelius Resources 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, Ramelius Resources autocorrelation shows the relationship between Ramelius Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Ramelius Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ramelius Stock Analysis
When running Ramelius Resources' price analysis, check to measure Ramelius Resources' 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 Ramelius Resources is operating at the current time. Most of Ramelius Resources' value examination focuses on studying past and present price action to predict the probability of Ramelius Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ramelius Resources' price. Additionally, you may evaluate how the addition of Ramelius Resources to your portfolios can decrease your overall portfolio volatility.