Resolute Mining (UK) Market Value
| RSG Stock | 35.40 1.00 2.75% |
| Symbol | Resolute |
Resolute 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 Resolute 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 Resolute Mining.
| 11/23/2023 |
| 09/18/2024 |
If you would invest 0.00 in Resolute Mining on November 23, 2023 and sell it all today you would earn a total of 0.00 from holding Resolute Mining Limited or generate 0.0% return on investment in Resolute Mining over 300 days. Resolute Mining is related to or competes with Live Nation, Silvercorp Metals, Wheaton Precious, AfriTin Mining, Hochschild Mining, and Zinc Media. Resolute Mining is entity of United Kingdom More
Resolute 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 Resolute 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 Resolute Mining Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.1559 | |||
| Maximum Drawdown | 12.15 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 5.73 |
Resolute Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Resolute Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Resolute Mining's standard deviation. In reality, there are many statistical measures that can use Resolute Mining historical prices to predict the future Resolute Mining's volatility.| Risk Adjusted Performance | 0.1626 | |||
| Jensen Alpha | 0.4847 | |||
| Total Risk Alpha | 0.1771 | |||
| Sortino Ratio | 0.1745 | |||
| Treynor Ratio | 0.7194 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Resolute Mining's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Resolute Mining Backtested Returns
Resolute Mining appears to be very steady, given 3 months investment horizon. Resolute Mining maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Resolute Mining, which you can use to evaluate the volatility of the company. Please evaluate Resolute Mining's Risk Adjusted Performance of 0.1626, coefficient of variation of 513.63, and Semi Deviation of 2.08 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Resolute Mining holds a performance score of 12. The company holds a Beta of 0.79, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Resolute Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Resolute Mining is expected to be smaller as well. Please check Resolute Mining's downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to make a quick decision on whether Resolute Mining's historical price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Resolute Mining Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Resolute Mining time series from 23rd of November 2023 to 21st of April 2024 and 21st of April 2024 to 18th of September 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 Resolute Mining price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Resolute Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 16.84 |
Resolute Mining lagged returns against current returns
Autocorrelation, which is Resolute 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 Resolute Mining's stock expected returns. We can calculate the autocorrelation of Resolute Mining returns to help us make a trade decision. For example, suppose you find that Resolute 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 |
Resolute 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 Resolute Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Resolute Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Resolute Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Resolute Mining Lagged Returns
When evaluating Resolute Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Resolute Mining stock have on its future price. Resolute 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, Resolute Mining autocorrelation shows the relationship between Resolute Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Resolute Mining Limited.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Resolute Stock
Resolute Mining financial ratios help investors to determine whether Resolute 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 Resolute with respect to the benefits of owning Resolute Mining security.