Red Mountain (Australia) Market Value
| RMX Stock | 0.01 0 11.11% |
| Symbol | Red |
Red Mountain '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 Mountain'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 Mountain.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Red Mountain on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Red Mountain Mining or generate 0.0% return on investment in Red Mountain over 30 days. Red Mountain is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, and Perseus Mining. Red Mountain is entity of Australia. It is traded as Stock on AU exchange. More
Red Mountain 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 Mountain'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 Mountain Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.89 | |||
| Information Ratio | 0.0336 | |||
| Maximum Drawdown | 56.41 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 11.11 |
Red Mountain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Red Mountain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Red Mountain's standard deviation. In reality, there are many statistical measures that can use Red Mountain historical prices to predict the future Red Mountain's volatility.| Risk Adjusted Performance | 0.0403 | |||
| Jensen Alpha | 0.2691 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0211 | |||
| Treynor Ratio | 0.2858 |
Red Mountain Mining Backtested Returns
Red Mountain appears to be out of control, given 3 months investment horizon. Red Mountain Mining maintains Sharpe Ratio (i.e., Efficiency) of 0.0395, which implies the firm had a 0.0395% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Red Mountain Mining, which you can use to evaluate the volatility of the company. Please evaluate Red Mountain's Coefficient Of Variation of 2552.72, semi deviation of 5.96, and Risk Adjusted Performance of 0.0403 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Red Mountain holds a performance score of 3. The company holds a Beta of 1.07, which implies a somewhat significant risk relative to the market. Red Mountain returns are very sensitive to returns on the market. As the market goes up or down, Red Mountain is expected to follow. Please check Red Mountain's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Red Mountain's historical price patterns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
Red Mountain Mining has virtually no predictability. Overlapping area represents the amount of predictability between Red Mountain time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Red Mountain Mining price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Red Mountain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Red Mountain Mining lagged returns against current returns
Autocorrelation, which is Red Mountain 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 Mountain's stock expected returns. We can calculate the autocorrelation of Red Mountain returns to help us make a trade decision. For example, suppose you find that Red Mountain 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 Mountain 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 Mountain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Red Mountain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Red Mountain stock over time.
Current vs Lagged Prices |
| Timeline |
Red Mountain Lagged Returns
When evaluating Red Mountain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Red Mountain stock have on its future price. Red Mountain 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 Mountain autocorrelation shows the relationship between Red Mountain stock current value and its past values and can show if there is a momentum factor associated with investing in Red Mountain Mining.
Regressed Prices |
| Timeline |
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Additional Tools for Red Stock Analysis
When running Red Mountain's price analysis, check to measure Red Mountain'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 Mountain is operating at the current time. Most of Red Mountain's value examination focuses on studying past and present price action to predict the probability of Red Mountain'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 Mountain's price. Additionally, you may evaluate how the addition of Red Mountain to your portfolios can decrease your overall portfolio volatility.