Canada Rare Earth Stock Market Value
| RAREF Stock | USD 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 pink sheet 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.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Canada Rare on May 6, 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 210 days. Canada Rare is related to or competes with Ucore Rare, Aclara Resources, and Aurelia Metals. Canada Rare Earth Corp., a development stage company, focuses on developing an integrated business within the rare earth... 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 pink sheet 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 | 54.77 | |||
| Information Ratio | 0.0919 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
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 | 0.0834 | |||
| Jensen Alpha | 1.81 | |||
| Total Risk Alpha | (2.23) | |||
| Sortino Ratio | 0.0528 | |||
| Treynor Ratio | 0.3189 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canada Rare'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.
Canada Rare Earth Backtested Returns
Canada Rare is out of control given 3 months investment horizon. Canada Rare Earth secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 3.91% are justified by taking the suggested risk. Use Canada Rare Downside Deviation of 54.77, risk adjusted performance of 0.0834, and Mean Deviation of 14.69 to evaluate company specific risk that cannot be diversified away. Canada Rare holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 9.47, 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. Use Canada Rare treynor ratio and the relationship between the potential upside and rate of daily change , to analyze future returns on Canada Rare.
Auto-correlation | 0.27 |
Poor predictability
Canada Rare Earth has poor predictability. Overlapping area represents the amount of predictability between Canada Rare time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Canada Rare Earth price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Canada Rare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canada Rare Earth lagged returns against current returns
Autocorrelation, which is Canada Rare pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canada Rare pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canada Rare pink sheet 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 pink sheet 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 pink sheet 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 Pink Sheet
Canada Rare financial ratios help investors to determine whether Canada Pink Sheet 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.