Right On Brands Stock Market Value
| RTON Stock | USD 0.05 0.02 26.75% |
| Symbol | Right |
Right On '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 Right On'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 Right On.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Right On on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Right On Brands or generate 0.0% return on investment in Right On over 570 days. Right On is related to or competes with Bit Origin, TDH Holdings, Darling Ingredients, General Mills, Premier Foods, and Paranovus Entertainment. Right On Brands, Inc., through its subsidiaries, markets and sells a range of hemp enhanced snack foods More
Right On 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 Right On'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 Right On Brands upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 24.65 | |||
| Information Ratio | 0.1143 | |||
| Maximum Drawdown | 109.23 | |||
| Value At Risk | (33.44) | |||
| Potential Upside | 37.06 |
Right On Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Right On's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Right On's standard deviation. In reality, there are many statistical measures that can use Right On historical prices to predict the future Right On's volatility.| Risk Adjusted Performance | 0.1015 | |||
| Jensen Alpha | 3.33 | |||
| Total Risk Alpha | (0.71) | |||
| Sortino Ratio | 0.1051 | |||
| Treynor Ratio | (0.50) |
Right On Brands Backtested Returns
Right On is out of control given 3 months investment horizon. Right On Brands maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We were able to break down and interpolate data for thirty different technical indicators, which can help you to evaluate if expected returns of 2.55% are justified by taking the suggested risk. Use Right On Risk Adjusted Performance of 0.1015, coefficient of variation of 834.49, and Semi Deviation of 18.56 to evaluate company specific risk that cannot be diversified away. Right On holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -5.45, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Right On are expected to decrease by larger amounts. On the other hand, during market turmoil, Right On is expected to outperform it. Use Right On sortino ratio and the relationship between the downside variance and market facilitation index , to analyze future returns on Right On.
Auto-correlation | 0.15 |
Insignificant predictability
Right On Brands has insignificant predictability. Overlapping area represents the amount of predictability between Right On time series from 9th of May 2023 to 18th of February 2024 and 18th of February 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 Right On Brands price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Right On price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Right On Brands lagged returns against current returns
Autocorrelation, which is Right On 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 Right On's pink sheet expected returns. We can calculate the autocorrelation of Right On returns to help us make a trade decision. For example, suppose you find that Right On 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 |
Right On 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 Right On pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Right On pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Right On pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Right On Lagged Returns
When evaluating Right On's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Right On pink sheet have on its future price. Right On 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, Right On autocorrelation shows the relationship between Right On pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Right On Brands.
Regressed Prices |
| Timeline |
Pair Trading with Right On
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Right On position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Right On will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Right On could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Right On when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Right On - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Right On Brands to buy it.
The correlation of Right On is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Right On moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Right On Brands moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Right On can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Right Pink Sheet
Right On financial ratios help investors to determine whether Right 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 Right with respect to the benefits of owning Right On security.