Royal Mines And Stock Market Value
| RYMM Stock | USD 0.0001 0.00 0.00% |
| Symbol | Royal |
Royal Mines '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 Royal Mines' 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 Royal Mines.
| 01/04/2024 |
| 12/24/2025 |
If you would invest 0.00 in Royal Mines on January 4, 2024 and sell it all today you would earn a total of 0.00 from holding Royal Mines and or generate 0.0% return on investment in Royal Mines over 720 days. Royal Mines and Minerals Corp, an exploration stage company, focuses on extracting and refining precious metals from fly... More
Royal Mines 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 Royal Mines' 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 Royal Mines and upside and downside potential and time the market with a certain degree of confidence.
Royal Mines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royal Mines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royal Mines' standard deviation. In reality, there are many statistical measures that can use Royal Mines historical prices to predict the future Royal Mines' volatility.Royal Mines Backtested Returns
We have found three technical indicators for Royal Mines, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Royal Mines are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Royal Mines and has perfect predictability. Overlapping area represents the amount of predictability between Royal Mines time series from 4th of January 2024 to 29th of December 2024 and 29th of December 2024 to 24th of December 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 Royal Mines price movement. The serial correlation of 1.0 indicates that 100.0% of current Royal Mines 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 |
Royal Mines lagged returns against current returns
Autocorrelation, which is Royal Mines 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 Royal Mines' pink sheet expected returns. We can calculate the autocorrelation of Royal Mines returns to help us make a trade decision. For example, suppose you find that Royal Mines 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 |
Royal Mines 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 Royal Mines pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royal Mines pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royal Mines pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Royal Mines Lagged Returns
When evaluating Royal Mines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royal Mines pink sheet have on its future price. Royal Mines 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, Royal Mines autocorrelation shows the relationship between Royal Mines pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Royal Mines and.
Regressed Prices |
| Timeline |
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Royal Mines financial ratios help investors to determine whether Royal 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 Royal with respect to the benefits of owning Royal Mines security.