Red Mountain (Australia) Market Value
| RMX Stock | 0.01 0.0005 5.26% |
| 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.
| 01/22/2023 |
| 01/11/2025 |
If you would invest 0.00 in Red Mountain on January 22, 2023 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 720 days. Red Mountain is related to or competes with BKI Investment, Argo Investments, Mirrabooka Investments, MFF Capital, and Homeco Daily. 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 | 12.03 | |||
| Information Ratio | 0.02 | |||
| 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 | 0.0252 | |||
| Jensen Alpha | 0.1387 | |||
| Total Risk Alpha | 0.2676 | |||
| Sortino Ratio | 0.0135 | |||
| Treynor Ratio | (0.15) |
Red Mountain Mining Backtested Returns
Currently, Red Mountain Mining is out of control. Red Mountain Mining maintains Sharpe Ratio (i.e., Efficiency) of 0.0204, which implies the firm had a 0.0204% 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 check Red Mountain's Semi Deviation of 6.06, risk adjusted performance of 0.0252, and Coefficient Of Variation of 5055.12 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Red Mountain has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of -1.03, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Red Mountain are expected to decrease slowly. On the other hand, during market turmoil, Red Mountain is expected to outperform it slightly. Red Mountain Mining right now holds a risk of 8.39%. Please check Red Mountain Mining information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Red Mountain Mining will be following its historical price patterns.
Auto-correlation | 0.52 |
Modest predictability
Red Mountain Mining has modest predictability. Overlapping area represents the amount of predictability between Red Mountain time series from 22nd of January 2023 to 17th of January 2024 and 17th of January 2024 to 11th of January 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 Mountain Mining price movement. The serial correlation of 0.52 indicates that about 52.0% of current Red Mountain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.48 | |
| 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 |
Thematic Opportunities
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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.