Rumble Resources (Australia) Market Value
| RTR Stock | 0.05 0 2.00% |
| Symbol | Rumble |
Rumble Resources '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 Rumble Resources' 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 Rumble Resources.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Rumble Resources on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Rumble Resources or generate 0.0% return on investment in Rumble Resources over 720 days. Rumble Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, De Grey, and Perseus Mining. Rumble Resources is entity of Australia. It is traded as Stock on AU exchange. More
Rumble Resources 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 Rumble Resources' 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 Rumble Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.22 | |||
| Information Ratio | 0.0733 | |||
| Maximum Drawdown | 30.08 | |||
| Value At Risk | (6.00) | |||
| Potential Upside | 10.87 |
Rumble Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rumble Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rumble Resources' standard deviation. In reality, there are many statistical measures that can use Rumble Resources historical prices to predict the future Rumble Resources' volatility.| Risk Adjusted Performance | 0.0805 | |||
| Jensen Alpha | 0.5165 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0758 | |||
| Treynor Ratio | (2.92) |
Rumble Resources Backtested Returns
Rumble Resources appears to be out of control, given 3 months investment horizon. Rumble Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0963, which implies the firm had a 0.0963% return per unit of risk over the last 3 months. By analyzing Rumble Resources' technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please evaluate Rumble Resources' Semi Deviation of 3.75, coefficient of variation of 1060.95, and Risk Adjusted Performance of 0.0805 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rumble Resources holds a performance score of 7. The company holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rumble Resources are expected to decrease at a much lower rate. During the bear market, Rumble Resources is likely to outperform the market. Please check Rumble Resources' jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Rumble Resources' historical price patterns will revert.
Auto-correlation | 0.64 |
Good predictability
Rumble Resources has good predictability. Overlapping area represents the amount of predictability between Rumble Resources time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Rumble Resources price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Rumble Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rumble Resources lagged returns against current returns
Autocorrelation, which is Rumble Resources 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 Rumble Resources' stock expected returns. We can calculate the autocorrelation of Rumble Resources returns to help us make a trade decision. For example, suppose you find that Rumble Resources 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 |
Rumble Resources 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 Rumble Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rumble Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rumble Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Rumble Resources Lagged Returns
When evaluating Rumble Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rumble Resources stock have on its future price. Rumble Resources 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, Rumble Resources autocorrelation shows the relationship between Rumble Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Rumble Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Rumble Stock Analysis
When running Rumble Resources' price analysis, check to measure Rumble Resources' 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 Rumble Resources is operating at the current time. Most of Rumble Resources' value examination focuses on studying past and present price action to predict the probability of Rumble Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rumble Resources' price. Additionally, you may evaluate how the addition of Rumble Resources to your portfolios can decrease your overall portfolio volatility.