Royal Helium Stock Market Value
| RHC Stock | CAD 0.04 0.01 12.50% |
| Symbol | Royal |
Royal Helium Price To Book Ratio
Royal Helium '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 Helium'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 Royal Helium.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Royal Helium on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Royal Helium or generate 0.0% return on investment in Royal Helium over 60 days. Royal Helium is related to or competes with Pason Systems, Quarterhill, and Westaim Corp. Royal Helium Ltd. engages in the exploration and evaluation of helium properties More
Royal Helium 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 Helium'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 Royal Helium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 39.68 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 12.5 |
Royal Helium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royal Helium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royal Helium's standard deviation. In reality, there are many statistical measures that can use Royal Helium historical prices to predict the future Royal Helium's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (1.78) | |||
| Treynor Ratio | (0.63) |
Royal Helium Backtested Returns
Royal Helium maintains Sharpe Ratio (i.e., Efficiency) of -0.0083, which implies the firm had a -0.0083% return per unit of risk over the last 3 months. Royal Helium exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Royal Helium's Risk Adjusted Performance of (0.02), variance of 75.16, and Coefficient Of Variation of (2,700) to confirm the risk estimate we provide. The company holds a Beta of 0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Royal Helium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Royal Helium is expected to be smaller as well. At this point, Royal Helium has a negative expected return of -0.0688%. Please make sure to check Royal Helium's jensen alpha and the relationship between the value at risk and day typical price , to decide if Royal Helium performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Royal Helium has good predictability. Overlapping area represents the amount of predictability between Royal Helium time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 2024 to 2nd 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 Royal Helium price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Royal Helium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Royal Helium lagged returns against current returns
Autocorrelation, which is Royal Helium 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 Royal Helium's stock expected returns. We can calculate the autocorrelation of Royal Helium returns to help us make a trade decision. For example, suppose you find that Royal Helium 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 |
Royal Helium 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 Helium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royal Helium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royal Helium stock over time.
Current vs Lagged Prices |
| Timeline |
Royal Helium Lagged Returns
When evaluating Royal Helium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royal Helium stock have on its future price. Royal Helium 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 Helium autocorrelation shows the relationship between Royal Helium stock current value and its past values and can show if there is a momentum factor associated with investing in Royal Helium.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Royal Stock Analysis
When running Royal Helium's price analysis, check to measure Royal Helium'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 Royal Helium is operating at the current time. Most of Royal Helium's value examination focuses on studying past and present price action to predict the probability of Royal Helium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royal Helium's price. Additionally, you may evaluate how the addition of Royal Helium to your portfolios can decrease your overall portfolio volatility.