Red Hill (Australia) Market Value
| RHI Stock | 3.52 0.02 0.57% |
| Symbol | Red |
Red Hill '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 Red Hill'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 Red Hill.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Red Hill on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Red Hill Iron or generate 0.0% return on investment in Red Hill over 30 days. Red Hill is related to or competes with Pinnacle Investment, Aussie Broadband, Oceania Healthcare, Oneview Healthcare, Home Consortium, and Homeco Daily. Red Hill is entity of Australia. It is traded as Stock on AU exchange. More
Red Hill 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 Red Hill'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 Red Hill Iron upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.94 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 2.13 |
Red Hill Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Red Hill's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Red Hill's standard deviation. In reality, there are many statistical measures that can use Red Hill historical prices to predict the future Red Hill's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (2.11) |
Red Hill Iron Backtested Returns
Red Hill Iron maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13 % return per unit of risk over the last 3 months. Red Hill Iron exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Red Hill's Risk Adjusted Performance of (0.08), coefficient of variation of (885.35), and Variance of 2.66 to confirm the risk estimate we provide. The company holds a Beta of 0.0921, which implies not very significant fluctuations relative to the market. As returns on the market increase, Red Hill's returns are expected to increase less than the market. However, during the bear market, the loss of holding Red Hill is expected to be smaller as well. At this point, Red Hill Iron has a negative expected return of -0.22%. Please make sure to check Red Hill's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Red Hill Iron performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Red Hill Iron has weak reverse predictability. Overlapping area represents the amount of predictability between Red Hill time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Red Hill Iron price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Red Hill price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Red Hill Iron lagged returns against current returns
Autocorrelation, which is Red Hill 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 Red Hill's stock expected returns. We can calculate the autocorrelation of Red Hill returns to help us make a trade decision. For example, suppose you find that Red Hill 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 |
Red Hill 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 Red Hill stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Red Hill stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Red Hill stock over time.
Current vs Lagged Prices |
| Timeline |
Red Hill Lagged Returns
When evaluating Red Hill's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Red Hill stock have on its future price. Red Hill 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, Red Hill autocorrelation shows the relationship between Red Hill stock current value and its past values and can show if there is a momentum factor associated with investing in Red Hill Iron.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Red Stock Analysis
When running Red Hill's price analysis, check to measure Red Hill'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 Red Hill is operating at the current time. Most of Red Hill's value examination focuses on studying past and present price action to predict the probability of Red Hill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Hill's price. Additionally, you may evaluate how the addition of Red Hill to your portfolios can decrease your overall portfolio volatility.