Rtg Mining Stock Market Value
| RTG Stock | CAD 0.02 0.01 33.33% |
| Symbol | RTG |
RTG 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 RTG 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 RTG Mining.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in RTG Mining on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding RTG Mining or generate 0.0% return on investment in RTG Mining over 720 days. RTG Mining is related to or competes with Verizon Communications, Quipt Home, Bird Construction, Information Services, Data Communications, Western Investment, and Salesforce. RTG Mining Inc. explores for and develops mineral properties More
RTG 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 RTG 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 RTG Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 29.76 | |||
| Information Ratio | 0.0472 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
RTG Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RTG Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RTG Mining's standard deviation. In reality, there are many statistical measures that can use RTG Mining historical prices to predict the future RTG Mining's volatility.| Risk Adjusted Performance | 0.0438 | |||
| Jensen Alpha | 0.7828 | |||
| Total Risk Alpha | 1.36 | |||
| Sortino Ratio | 0.028 | |||
| Treynor Ratio | (0.69) |
RTG Mining Backtested Returns
RTG Mining appears to be out of control, given 3 months investment horizon. RTG Mining maintains Sharpe Ratio (i.e., Efficiency) of 0.0464, which implies the firm had a 0.0464 % return per unit of volatility over the last 3 months. By inspecting RTG Mining's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please evaluate RTG Mining's risk adjusted performance of 0.0438, and Semi Deviation of 11.64 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RTG Mining holds a performance score of 3. The company holds a Beta of -1.17, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning RTG Mining are expected to decrease by larger amounts. On the other hand, during market turmoil, RTG Mining is expected to outperform it. Please check RTG Mining's total risk alpha, expected short fall, period momentum indicator, as well as the relationship between the value at risk and rate of daily change , to make a quick decision on whether RTG Mining's historical price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
RTG Mining has below average predictability. Overlapping area represents the amount of predictability between RTG Mining time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 RTG Mining price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current RTG Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
RTG Mining lagged returns against current returns
Autocorrelation, which is RTG 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 RTG Mining's stock expected returns. We can calculate the autocorrelation of RTG Mining returns to help us make a trade decision. For example, suppose you find that RTG 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 |
RTG 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 RTG Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RTG Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RTG Mining stock over time.
Current vs Lagged Prices |
| Timeline |
RTG Mining Lagged Returns
When evaluating RTG Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RTG Mining stock have on its future price. RTG 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, RTG Mining autocorrelation shows the relationship between RTG Mining stock current value and its past values and can show if there is a momentum factor associated with investing in RTG Mining.
Regressed Prices |
| Timeline |
Pair Trading with RTG Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RTG Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RTG Mining will appreciate offsetting losses from the drop in the long position's value.Moving against RTG Stock
| 0.51 | JPM | JPMorgan Chase | PairCorr |
| 0.48 | TD | Toronto Dominion Bank | PairCorr |
| 0.47 | ORE | Orezone Gold Corp | PairCorr |
| 0.46 | FDR | Flinders Resources | PairCorr |
The ability to find closely correlated positions to RTG Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RTG Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RTG Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RTG Mining to buy it.
The correlation of RTG Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RTG Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RTG Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RTG Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in RTG Stock
RTG Mining financial ratios help investors to determine whether RTG Stock 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 RTG with respect to the benefits of owning RTG Mining security.