Ridgestone Mining Stock Market Value
| RIGMF Stock | USD 0.08 0.03 50.57% |
| Symbol | Ridgestone |
Ridgestone Mining '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 Ridgestone Mining's 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 Ridgestone Mining.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Ridgestone Mining on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Ridgestone Mining or generate 0.0% return on investment in Ridgestone Mining over 90 days. Ridgestone Mining is related to or competes with Strategic Resources, South Star, Nickel Creek, Altius Minerals, Vale SA, Rio Tinto, and FPX Nickel. Ridgestone Mining Inc. acquires, explores for, and develops mineral properties in Mexico More
Ridgestone Mining 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 Ridgestone Mining's 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 Ridgestone Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.33 | |||
| Information Ratio | 0.104 | |||
| Maximum Drawdown | 77.4 | |||
| Value At Risk | (14.54) | |||
| Potential Upside | 32.43 |
Ridgestone Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ridgestone Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ridgestone Mining's standard deviation. In reality, there are many statistical measures that can use Ridgestone Mining historical prices to predict the future Ridgestone Mining's volatility.| Risk Adjusted Performance | 0.0929 | |||
| Jensen Alpha | 1.03 | |||
| Total Risk Alpha | 2.75 | |||
| Sortino Ratio | 0.0904 | |||
| Treynor Ratio | (0.83) |
Ridgestone Mining Backtested Returns
Ridgestone Mining is out of control given 3 months investment horizon. Ridgestone Mining maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11 % return per unit of risk over the last 3 months. We have collected data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.43% are justified by taking the suggested risk. Use Ridgestone Mining Risk Adjusted Performance of 0.0929, semi deviation of 6.94, and Coefficient Of Variation of 1041.59 to evaluate company specific risk that cannot be diversified away. Ridgestone Mining holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -1.43, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ridgestone Mining are expected to decrease by larger amounts. On the other hand, during market turmoil, Ridgestone Mining is expected to outperform it. Use Ridgestone Mining jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to analyze future returns on Ridgestone Mining.
Auto-correlation | 0.23 |
Weak predictability
Ridgestone Mining has weak predictability. Overlapping area represents the amount of predictability between Ridgestone Mining time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Ridgestone Mining price movement. The serial correlation of 0.23 indicates that over 23.0% of current Ridgestone Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ridgestone Mining lagged returns against current returns
Autocorrelation, which is Ridgestone Mining 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 Ridgestone Mining's pink sheet expected returns. We can calculate the autocorrelation of Ridgestone Mining returns to help us make a trade decision. For example, suppose you find that Ridgestone Mining 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 |
Ridgestone Mining 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 Ridgestone Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ridgestone Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ridgestone Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ridgestone Mining Lagged Returns
When evaluating Ridgestone Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ridgestone Mining pink sheet have on its future price. Ridgestone Mining 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, Ridgestone Mining autocorrelation shows the relationship between Ridgestone Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ridgestone Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ridgestone Pink Sheet
Ridgestone Mining financial ratios help investors to determine whether Ridgestone 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 Ridgestone with respect to the benefits of owning Ridgestone Mining security.