Arras Minerals Corp Stock Price on June 6, 2024
| ARRKF Stock | USD 0.24 0.01 4.35% |
If you're considering investing in Arras OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Arras Minerals stands at 0.24, as last reported on the 30th of November, with the highest price reaching 0.24 and the lowest price hitting 0.24 during the day. At this point, Arras Minerals is out of control. Arras Minerals Corp secures Sharpe Ratio (or Efficiency) of 0.0121, which signifies that the company had a 0.0121% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Arras Minerals Corp, which you can use to evaluate the volatility of the firm. Please confirm Arras Minerals' Mean Deviation of 3.31, risk adjusted performance of 0.0086, and Downside Deviation of 6.49 to double-check if the risk estimate we provide is consistent with the expected return of 0.0619%.
Arras OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Arras |
Sharpe Ratio = 0.0121
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Estimated Market Risk
| 5.1 actual daily | 45 55% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Arras Minerals is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Arras Minerals by adding Arras Minerals to a well-diversified portfolio.
Arras Minerals Valuation on June 6, 2024
It is possible to determine the worth of Arras Minerals on a given historical date. On June 6, 2024 Arras was worth 0.22 at the beginning of the trading date compared to the closed value of 0.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Arras Minerals otc stock. Still, in general, we apply an absolute valuation method to find Arras Minerals' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Arras Minerals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Arras Minerals' related companies.
| Open | High | Low | Close | Volume | |
| 0.22 | 0.22 | 0.21 | 0.21 | 850.00 | |
06/06/2024 | 0.22 | 0.22 | 0.20 | 0.20 | 18,130 |
| 0.20 | 0.20 | 0.20 | 0.20 | 1.00 |
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Arras Minerals Trading Date Momentum on June 6, 2024
| On June 07 2024 Arras Minerals Corp was traded for 0.20 at the closing time. The highest daily price throughout the period was 0.20 and the lowest price was 0.20 . There was no trading activity during the period 1.0. Lack of trading volume on 06/07/2024 did not affect price variability. The overall trading delta to current closing price is 5.00% . |
Arras Minerals Corp Fundamentals Correlations and Trends
By evaluating Arras Minerals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Arras Minerals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Arras financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Arras Minerals OTC Stock history
Arras Minerals investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Arras is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Arras Minerals Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Arras Minerals stock prices may prove useful in developing a viable investing in Arras Minerals
Arras Mineral Corp. engages in the acquisition, exploration, evaluation, and development of resource properties. Arras Mineral Corp. was incorporated in 2021 and is headquartered in Vancouver, Canada. Arras Minerals is traded on OTC Exchange in the United States.
Arras Minerals OTC Stock Technical Analysis
Arras Minerals technical otc stock 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, otc market cycles, or different charting patterns.
Price Boundaries
Arras Minerals Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Arras Minerals Corp cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQB Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Arras Minerals November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Arras Minerals otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Arras Minerals shares will generate the highest return on investment. By undertsting and applying Arras Minerals otc stock market strength indicators, traders can identify Arras Minerals Corp entry and exit signals to maximize returns
Arras Minerals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Arras Minerals' price direction in advance. Along with the technical and fundamental analysis of Arras OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Arras to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0086 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.84) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.22) |
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Complementary Tools for Arras OTC Stock analysis
When running Arras Minerals' price analysis, check to measure Arras Minerals' 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 Arras Minerals is operating at the current time. Most of Arras Minerals' value examination focuses on studying past and present price action to predict the probability of Arras Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arras Minerals' price. Additionally, you may evaluate how the addition of Arras Minerals to your portfolios can decrease your overall portfolio volatility.
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