Optica Rare Earths Etf Price on November 11, 2024
| CRIT Etf | USD 18.26 0.21 1.16% |
If you're considering investing in Optica Etf, it is important to understand the factors that can impact its price. As of today, the current price of Optica Rare stands at 18.26, as last reported on the 1st of December, with the highest price reaching 18.26 and the lowest price hitting 18.21 during the day. Optica Rare appears to be very steady, given 3 months investment horizon. Optica Rare Earths maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Optica Rare Earths, which you can use to evaluate the volatility of the etf. Please evaluate Optica Rare's Risk Adjusted Performance of 0.0511, coefficient of variation of 1703.43, and Semi Deviation of 1.82 to confirm if our risk estimates are consistent with your expectations.
Optica Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Optica |
Sharpe Ratio = 0.1113
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Estimated Market Risk
| 1.89 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Optica Rare is performing at about 8% of its full potential. 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 Optica Rare by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 13.3 K |
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Optica Rare Valuation on November 11, 2024
It is possible to determine the worth of Optica Rare on a given historical date. On November 11, 2024 Optica was worth 18.46 at the beginning of the trading date compared to the closed value of 18.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Optica Rare etf. Still, in general, we apply an absolute valuation method to find Optica Rare's 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 Optica Rare where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Optica Rare's related companies.
| Open | High | Low | Close | Volume | |
| 19.02 | 19.02 | 18.69 | 18.73 | 1,700 | |
11/11/2024 | 18.46 | 18.47 | 18.43 | 18.47 | 600.00 |
| 17.88 | 18.06 | 17.88 | 18.06 | 3,200 |
| Backtest Optica Rare | | | Optica Rare History | | | Optica Rare Valuation | Previous | Next |
Optica Rare Trading Date Momentum on November 11, 2024
| On November 12 2024 Optica Rare Earths was traded for 18.06 at the closing time. The top price for the day was 18.06 and the lowest listed price was 17.88 . The trading volume for the day was 3.2 K. The trading history from November 12, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.22% . The trading delta at closing time against the current closing price is 0.60% . |
Optica Rare Earths Fundamentals Correlations and Trends
By evaluating Optica Rare's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Optica Rare's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Optica financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Optica Rare Etf history
Optica Rare 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 Optica is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Optica Rare Earths 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 Optica Rare stock prices may prove useful in developing a viable investing in Optica Rare
The index is comprised of companies that generate at least 50 percent of their revenue from Rare Earths and Critical Materials Companies or engage in projects that have the potential, when developed, to generate 50 percent of revenue from Rare Earths and Critical Materials Companies. Optica Rare is traded on NYSEARCA Exchange in the United States.
Optica Rare Etf Technical Analysis
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.
Price Boundaries
Optica Rare Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Optica Rare Earths cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA 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.
Optica Rare December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Optica Rare etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Optica Rare shares will generate the highest return on investment. By undertsting and applying Optica Rare etf market strength indicators, traders can identify Optica Rare Earths entry and exit signals to maximize returns
Optica Rare Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Optica Rare's price direction in advance. Along with the technical and fundamental analysis of Optica Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Optica 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 | 0.0511 | |||
| Jensen Alpha | (0.0006) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1269 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Optica Rare Earths. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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.