Rubellite Energy Stock Market Value
| RBY Stock | 1.93 0.01 0.52% |
| Symbol | Rubellite |
Rubellite Energy Price To Book Ratio
Rubellite Energy '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 Rubellite Energy'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 Rubellite Energy.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Rubellite Energy on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Rubellite Energy or generate 0.0% return on investment in Rubellite Energy over 30 days. Rubellite Energy is related to or competes with Journey Energy, Yangarra Resources, and Pine Cliff. Rubellite Energy is entity of Canada. It is traded as Stock on TO exchange. More
Rubellite Energy 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 Rubellite Energy'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 Rubellite Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 12.76 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 3.16 |
Rubellite Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rubellite Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rubellite Energy's standard deviation. In reality, there are many statistical measures that can use Rubellite Energy historical prices to predict the future Rubellite Energy's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 40.47 |
Rubellite Energy Backtested Returns
Rubellite Energy maintains Sharpe Ratio (i.e., Efficiency) of -0.0977, which implies the firm had a -0.0977% return per unit of risk over the last 3 months. Rubellite Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rubellite Energy's Risk Adjusted Performance of (0.06), coefficient of variation of (1,042), and Variance of 5.48 to confirm the risk estimate we provide. The company holds a Beta of -0.0058, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rubellite Energy are expected to decrease at a much lower rate. During the bear market, Rubellite Energy is likely to outperform the market. At this point, Rubellite Energy has a negative expected return of -0.23%. Please make sure to check Rubellite Energy's potential upside, and the relationship between the jensen alpha and daily balance of power , to decide if Rubellite Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Rubellite Energy has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Rubellite Energy time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 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 Rubellite Energy price movement. The serial correlation of -0.73 indicates that around 73.0% of current Rubellite Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Rubellite Energy lagged returns against current returns
Autocorrelation, which is Rubellite Energy 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 Rubellite Energy's stock expected returns. We can calculate the autocorrelation of Rubellite Energy returns to help us make a trade decision. For example, suppose you find that Rubellite Energy 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 |
Rubellite Energy 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 Rubellite Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rubellite Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rubellite Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Rubellite Energy Lagged Returns
When evaluating Rubellite Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rubellite Energy stock have on its future price. Rubellite Energy 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, Rubellite Energy autocorrelation shows the relationship between Rubellite Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Rubellite Energy.
Regressed Prices |
| Timeline |
Pair Trading with Rubellite Energy
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 Rubellite Energy 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 Rubellite Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Rubellite Stock
| 0.56 | ENS | E Split Corp | PairCorr |
| 0.52 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.38 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.36 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Rubellite Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rubellite Energy 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 Rubellite Energy - 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 Rubellite Energy to buy it.
The correlation of Rubellite Energy 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 Rubellite Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rubellite Energy 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 Rubellite Energy 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 Rubellite Stock
Rubellite Energy financial ratios help investors to determine whether Rubellite Stock 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 Rubellite with respect to the benefits of owning Rubellite Energy security.