Richmond Vanadium (Australia) Market Value
| RVT Stock | 0.26 0.01 4.00% |
| Symbol | Richmond |
Richmond Vanadium '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 Richmond Vanadium's 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 Richmond Vanadium.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Richmond Vanadium on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Richmond Vanadium Technology or generate 0.0% return on investment in Richmond Vanadium over 30 days. Richmond Vanadium is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Richmond Vanadium is entity of Australia More
Richmond Vanadium 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 Richmond Vanadium's 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 Richmond Vanadium Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 21.06 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.14 |
Richmond Vanadium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Richmond Vanadium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Richmond Vanadium's standard deviation. In reality, there are many statistical measures that can use Richmond Vanadium historical prices to predict the future Richmond Vanadium's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | 1.11 |
Richmond Vanadium Backtested Returns
Richmond Vanadium maintains Sharpe Ratio (i.e., Efficiency) of -0.0493, which implies the firm had a -0.0493% return per unit of risk over the last 3 months. Richmond Vanadium exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Richmond Vanadium's Coefficient Of Variation of (2,024), variance of 15.9, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of -0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Richmond Vanadium are expected to decrease at a much lower rate. During the bear market, Richmond Vanadium is likely to outperform the market. At this point, Richmond Vanadium has a negative expected return of -0.2%. Please make sure to check Richmond Vanadium's total risk alpha, kurtosis, and the relationship between the information ratio and potential upside , to decide if Richmond Vanadium performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Richmond Vanadium Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Richmond Vanadium 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 Richmond Vanadium price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Richmond Vanadium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Richmond Vanadium lagged returns against current returns
Autocorrelation, which is Richmond Vanadium 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 Richmond Vanadium's stock expected returns. We can calculate the autocorrelation of Richmond Vanadium returns to help us make a trade decision. For example, suppose you find that Richmond Vanadium 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 |
Richmond Vanadium 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 Richmond Vanadium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Richmond Vanadium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Richmond Vanadium stock over time.
Current vs Lagged Prices |
| Timeline |
Richmond Vanadium Lagged Returns
When evaluating Richmond Vanadium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Richmond Vanadium stock have on its future price. Richmond Vanadium 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, Richmond Vanadium autocorrelation shows the relationship between Richmond Vanadium stock current value and its past values and can show if there is a momentum factor associated with investing in Richmond Vanadium Technology.
Regressed Prices |
| Timeline |
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Additional Tools for Richmond Stock Analysis
When running Richmond Vanadium's price analysis, check to measure Richmond Vanadium's 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 Richmond Vanadium is operating at the current time. Most of Richmond Vanadium's value examination focuses on studying past and present price action to predict the probability of Richmond Vanadium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Richmond Vanadium's price. Additionally, you may evaluate how the addition of Richmond Vanadium to your portfolios can decrease your overall portfolio volatility.