Rt Minerals Corp Stock Market Value
| RTM Stock | CAD 0.12 0.02 14.29% |
| Symbol | RTM |
RT Minerals '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 RT Minerals' 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 RT Minerals.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in RT Minerals on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding RT Minerals Corp or generate 0.0% return on investment in RT Minerals over 30 days. RT Minerals is related to or competes with First Majestic, and Ivanhoe Energy. RT Minerals Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of gold and dia... More
RT Minerals 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 RT Minerals' 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 RT Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 37.36 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.69 |
RT Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RT Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RT Minerals' standard deviation. In reality, there are many statistical measures that can use RT Minerals historical prices to predict the future RT Minerals' volatility.| Risk Adjusted Performance | 0.0038 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.08) |
RT Minerals Corp Backtested Returns
RT Minerals Corp retains Efficiency (Sharpe Ratio) of -0.0061, which implies the firm had a -0.0061% return per unit of price deviation over the last 3 months. RT Minerals exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RT Minerals' market risk adjusted performance of (0.07), and Information Ratio of (0.03) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, RT Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding RT Minerals is expected to be smaller as well. At this point, RT Minerals Corp has a negative expected return of -0.0281%. Please make sure to check RT Minerals' standard deviation and the relationship between the total risk alpha and day typical price , to decide if RT Minerals Corp performance from the past will be repeated at some future date.
Auto-correlation | 1.00 |
Perfect predictability
RT Minerals Corp has perfect predictability. Overlapping area represents the amount of predictability between RT Minerals time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 RT Minerals Corp price movement. The serial correlation of 1.0 indicates that 100.0% of current RT Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
RT Minerals Corp lagged returns against current returns
Autocorrelation, which is RT Minerals 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 RT Minerals' stock expected returns. We can calculate the autocorrelation of RT Minerals returns to help us make a trade decision. For example, suppose you find that RT Minerals 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 |
RT Minerals 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 RT Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RT Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RT Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
RT Minerals Lagged Returns
When evaluating RT Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RT Minerals stock have on its future price. RT Minerals 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, RT Minerals autocorrelation shows the relationship between RT Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in RT Minerals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for RTM Stock Analysis
When running RT Minerals' price analysis, check to measure RT Minerals' 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 RT Minerals is operating at the current time. Most of RT Minerals' value examination focuses on studying past and present price action to predict the probability of RT Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RT Minerals' price. Additionally, you may evaluate how the addition of RT Minerals to your portfolios can decrease your overall portfolio volatility.