Rand Mining (Australia) Market Value
| RND Stock | 1.48 0.03 2.07% |
| Symbol | Rand |
Rand 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 Rand Mining'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 Rand Mining.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Rand Mining on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Rand Mining or generate 0.0% return on investment in Rand Mining over 60 days. Rand Mining is related to or competes with TPG Telecom, Star Entertainment, Argo Investments, Garda Diversified, Regal Investment, and Flagship Investments. Rand Mining is entity of Australia. It is traded as Stock on AU exchange. More
Rand 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 Rand Mining'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 Rand Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 12.88 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 4.58 |
Rand Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rand Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rand Mining's standard deviation. In reality, there are many statistical measures that can use Rand Mining historical prices to predict the future Rand Mining's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.4505 |
Rand Mining Backtested Returns
Rand 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. Rand Mining exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rand Mining's Coefficient Of Variation of (1,419), variance of 6.87, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of -0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Rand Mining are expected to decrease at a much lower rate. During the bear market, Rand Mining is likely to outperform the market. At this point, Rand Mining has a negative expected return of -0.29%. Please make sure to check Rand Mining's total risk alpha, potential upside, kurtosis, as well as the relationship between the treynor ratio and skewness , to decide if Rand Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Rand Mining has modest predictability. Overlapping area represents the amount of predictability between Rand Mining time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Rand Mining price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Rand Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rand Mining lagged returns against current returns
Autocorrelation, which is Rand Mining 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 Rand Mining's stock expected returns. We can calculate the autocorrelation of Rand Mining returns to help us make a trade decision. For example, suppose you find that Rand Mining 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 |
Rand 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 Rand Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rand Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rand Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Rand Mining Lagged Returns
When evaluating Rand Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rand Mining stock have on its future price. Rand 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, Rand Mining autocorrelation shows the relationship between Rand Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Rand Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Rand Stock Analysis
When running Rand Mining's price analysis, check to measure Rand Mining'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 Rand Mining is operating at the current time. Most of Rand Mining's value examination focuses on studying past and present price action to predict the probability of Rand Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rand Mining's price. Additionally, you may evaluate how the addition of Rand Mining to your portfolios can decrease your overall portfolio volatility.