Optica Rare Earths Etf Market Value
| CRIT Etf | USD 15.73 0.20 1.26% |
| Symbol | Optica |
The market value of Optica Rare Earths is measured differently than its book value, which is the value of Optica that is recorded on the company's balance sheet. Investors also form their own opinion of Optica Rare's value that differs from its market value or its book value, called intrinsic value, which is Optica Rare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Optica Rare's market value can be influenced by many factors that don't directly affect Optica Rare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Optica Rare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Optica Rare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Optica Rare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Optica Rare '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 Optica Rare's etf 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 Optica Rare.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Optica Rare on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Optica Rare Earths or generate 0.0% return on investment in Optica Rare over 30 days. Optica Rare is related to or competes with Global X, VanEck Vectors, Invesco Electric, Abrdn ETFs, and IShares Commodity. The index is comprised of companies that generate at least 50 percent of their revenue from Rare Earths and Critical Mat... More
Optica Rare 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 Optica Rare's etf 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 Optica Rare Earths upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 7.06 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 1.74 |
Optica Rare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Optica Rare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optica Rare's standard deviation. In reality, there are many statistical measures that can use Optica Rare historical prices to predict the future Optica Rare's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.36) |
Optica Rare Earths Backtested Returns
Optica Rare Earths maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the entity had a -0.15 % return per unit of risk over the last 3 months. Optica Rare Earths exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Optica Rare's Variance of 1.82, coefficient of variation of (763.58), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The etf holds a Beta of 0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Optica Rare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Optica Rare is expected to be smaller as well.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Optica Rare Earths has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Optica Rare time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Optica Rare Earths price movement. The serial correlation of -0.72 indicates that around 72.0% of current Optica Rare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Optica Rare Earths lagged returns against current returns
Autocorrelation, which is Optica Rare etf'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 Optica Rare's etf expected returns. We can calculate the autocorrelation of Optica Rare returns to help us make a trade decision. For example, suppose you find that Optica Rare has exhibited high autocorrelation historically, and you observe that the etf 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 |
Optica Rare 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 Optica Rare etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optica Rare etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optica Rare etf over time.
Current vs Lagged Prices |
| Timeline |
Optica Rare Lagged Returns
When evaluating Optica Rare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optica Rare etf have on its future price. Optica Rare 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, Optica Rare autocorrelation shows the relationship between Optica Rare etf current value and its past values and can show if there is a momentum factor associated with investing in Optica Rare Earths.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Optica Rare Correlation, Optica Rare Volatility and Optica Rare Alpha and Beta module to complement your research on Optica Rare. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Optica Rare technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.