CANADA RARE (Germany) Market Value
| P4XA Stock | EUR 0.01 0.00 0.00% |
| Symbol | CANADA |
CANADA 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 CANADA RARE'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 CANADA RARE.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in CANADA RARE on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding CANADA RARE EARTH or generate 0.0% return on investment in CANADA RARE over 90 days. CANADA RARE is related to or competes with Aristocrat Leisure, Gaming, Sixt Leasing, Playtech Plc, UNITED RENTALS, and FUYO GENERAL. More
CANADA 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 CANADA RARE'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 CANADA RARE EARTH upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 42.29 | |||
| Information Ratio | 0.0564 | |||
| Maximum Drawdown | 194.55 | |||
| Value At Risk | (40.54) | |||
| Potential Upside | 37.5 |
CANADA RARE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CANADA RARE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CANADA RARE's standard deviation. In reality, there are many statistical measures that can use CANADA RARE historical prices to predict the future CANADA RARE's volatility.| Risk Adjusted Performance | 0.0554 | |||
| Jensen Alpha | 1.56 | |||
| Total Risk Alpha | 4.5 | |||
| Sortino Ratio | 0.0338 | |||
| Treynor Ratio | 0.6074 |
CANADA RARE EARTH Backtested Returns
CANADA RARE EARTH secures Sharpe Ratio (or Efficiency) of -0.0313, which signifies that the company had a -0.0313 % return per unit of risk over the last 3 months. CANADA RARE EARTH exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CANADA RARE's Coefficient Of Variation of 1904.0, mean deviation of 10.12, and Semi Deviation of 13.32 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.18, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CANADA RARE will likely underperform. At this point, CANADA RARE EARTH has a negative expected return of -0.43%. Please make sure to confirm CANADA RARE's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if CANADA RARE EARTH performance from the past will be repeated in the future.
Auto-correlation | 0.00 |
No correlation between past and present
CANADA RARE EARTH has no correlation between past and present. Overlapping area represents the amount of predictability between CANADA RARE time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 CANADA RARE EARTH price movement. The serial correlation of 0.0 indicates that just 0.0% of current CANADA RARE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CANADA RARE EARTH lagged returns against current returns
Autocorrelation, which is CANADA RARE 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 CANADA RARE's stock expected returns. We can calculate the autocorrelation of CANADA RARE returns to help us make a trade decision. For example, suppose you find that CANADA RARE 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 |
CANADA 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 CANADA RARE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CANADA RARE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CANADA RARE stock over time.
Current vs Lagged Prices |
| Timeline |
CANADA RARE Lagged Returns
When evaluating CANADA RARE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CANADA RARE stock have on its future price. CANADA 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, CANADA RARE autocorrelation shows the relationship between CANADA RARE stock current value and its past values and can show if there is a momentum factor associated with investing in CANADA RARE EARTH.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CANADA Stock
CANADA RARE financial ratios help investors to determine whether CANADA 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 CANADA with respect to the benefits of owning CANADA RARE security.