Rathdowney Resources Stock Market Value
| RTH Stock | CAD 0.01 0.00 0.00% |
| Symbol | Rathdowney |
Rathdowney 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 Rathdowney 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 Rathdowney Resources.
| 05/14/2022 |
| 05/03/2024 |
If you would invest 0.00 in Rathdowney Resources on May 14, 2022 and sell it all today you would earn a total of 0.00 from holding Rathdowney Resources or generate 0.0% return on investment in Rathdowney Resources over 720 days. Rathdowney Resources is related to or competes with Maple Leaf, Verizon Communications, Data Communications, Primaris Retail, High Liner, Rogers Communications, and Canlan Ice. Rathdowney Resources Ltd. acquires, explores for, and develops mineral properties More
Rathdowney 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 Rathdowney 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 Rathdowney Resources upside and downside potential and time the market with a certain degree of confidence.
Rathdowney Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rathdowney Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rathdowney Resources' standard deviation. In reality, there are many statistical measures that can use Rathdowney Resources historical prices to predict the future Rathdowney Resources' volatility.| Risk Adjusted Performance | 0.0096 | |||
| Jensen Alpha | 0.0362 | |||
| Total Risk Alpha | (1.08) | |||
| Treynor Ratio | 0.0098 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rathdowney Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Rathdowney Resources Backtested Returns
We have found sixteen technical indicators for Rathdowney Resources, which you can use to evaluate the volatility of the company. Please check Rathdowney Resources' Information Ratio of (0), standard deviation of 15.19, and Risk Adjusted Performance of 0.0096 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%. The company holds a Beta of -1.02, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Rathdowney Resources are expected to decrease slowly. On the other hand, during market turmoil, Rathdowney Resources is expected to outperform it slightly. Rathdowney Resources right now holds a risk of 15.68%. Please check Rathdowney Resources information ratio, as well as the relationship between the kurtosis and relative strength index , to decide if Rathdowney Resources will be following its historical price patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
Rathdowney Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Rathdowney Resources time series from 14th of May 2022 to 9th of May 2023 and 9th of May 2023 to 3rd of May 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 Rathdowney Resources price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Rathdowney Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rathdowney Resources lagged returns against current returns
Autocorrelation, which is Rathdowney 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 Rathdowney Resources' stock expected returns. We can calculate the autocorrelation of Rathdowney Resources returns to help us make a trade decision. For example, suppose you find that Rathdowney 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 |
Rathdowney 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 Rathdowney Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rathdowney Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rathdowney Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Rathdowney Resources Lagged Returns
When evaluating Rathdowney Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rathdowney Resources stock have on its future price. Rathdowney 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, Rathdowney Resources autocorrelation shows the relationship between Rathdowney Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Rathdowney Resources.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Rathdowney Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Rathdowney Resources' short interest history, or implied volatility extrapolated from Rathdowney Resources options trading.
Currently Active Assets on Macroaxis
| LAAC | Lithium Americas Corp | |
| F | Ford Motor | |
| CHPT | ChargePoint Holdings | |
| AXL | American Axle Manufacturing | |
| ICLN | iShares Global Clean |
Check out Rathdowney Resources Correlation, Rathdowney Resources Volatility and Rathdowney Resources Alpha and Beta module to complement your research on Rathdowney Resources. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Rathdowney Stock analysis
When running Rathdowney Resources' price analysis, check to measure Rathdowney 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 Rathdowney Resources is operating at the current time. Most of Rathdowney Resources' value examination focuses on studying past and present price action to predict the probability of Rathdowney Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rathdowney Resources' price. Additionally, you may evaluate how the addition of Rathdowney Resources to your portfolios can decrease your overall portfolio volatility.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |
Rathdowney Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.