Riverside Resources Stock Market Value
| RRI Stock | CAD 0.14 0.00 0.00% |
| Symbol | Riverside |
Riverside Resources Price To Book Ratio
Riverside 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 Riverside 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 Riverside Resources.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Riverside Resources on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Riverside Resources or generate 0.0% return on investment in Riverside Resources over 30 days. Riverside Resources is related to or competes with Lara Exploration, Midland Exploration, Strategic Metals, and Adamera Minerals. Riverside Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of expl... More
Riverside 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 Riverside 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 Riverside Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.36 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.14 |
Riverside Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Riverside Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Riverside Resources' standard deviation. In reality, there are many statistical measures that can use Riverside Resources historical prices to predict the future Riverside Resources' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.14) |
Riverside Resources Backtested Returns
At this stage we consider Riverside Stock to be out of control. Riverside Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0139, which implies the firm had a 0.0139% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Riverside Resources, which you can use to evaluate the volatility of the company. Please check Riverside Resources' Variance of 8.25, risk adjusted performance of (0.01), and Coefficient Of Variation of (4,500) to confirm if the risk estimate we provide is consistent with the expected return of 0.0396%. Riverside Resources has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Riverside Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Riverside Resources is expected to be smaller as well. Riverside Resources right now holds a risk of 2.84%. Please check Riverside Resources standard deviation, as well as the relationship between the maximum drawdown and kurtosis , to decide if Riverside Resources will be following its historical price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Riverside Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Riverside Resources time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Riverside Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Riverside Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Riverside Resources lagged returns against current returns
Autocorrelation, which is Riverside 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 Riverside Resources' stock expected returns. We can calculate the autocorrelation of Riverside Resources returns to help us make a trade decision. For example, suppose you find that Riverside 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 |
| Timeline |
Riverside 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 Riverside Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Riverside Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Riverside Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Riverside Resources Lagged Returns
When evaluating Riverside Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Riverside Resources stock have on its future price. Riverside 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, Riverside Resources autocorrelation shows the relationship between Riverside Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Riverside Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Riverside Stock Analysis
When running Riverside Resources' price analysis, check to measure Riverside 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 Riverside Resources is operating at the current time. Most of Riverside Resources' value examination focuses on studying past and present price action to predict the probability of Riverside Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Riverside Resources' price. Additionally, you may evaluate how the addition of Riverside Resources to your portfolios can decrease your overall portfolio volatility.