CANADA RARE's market value is the price at which a share of CANADA RARE trades on a public exchange. It measures the collective expectations of CANADA RARE EARTH investors about its performance. CANADA RARE is trading at 0.0115 as of the 7th of January 2025, a 4.17 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.0115. With this module, you can estimate the performance of a buy and hold strategy of CANADA RARE EARTH and determine expected loss or profit from investing in CANADA RARE over a given investment horizon. Check out CANADA RARE Correlation, CANADA RARE Volatility and CANADA RARE Alpha and Beta module to complement your research on CANADA RARE.
Please note, there is a significant difference between CANADA RARE's value and its price as these two are different measures arrived at by different means. Investors typically determine if CANADA RARE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CANADA 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.
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.
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.
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.
CANADA RARE is out of control given 3 months investment horizon. CANADA RARE EARTH secures Sharpe Ratio (or Efficiency) of 0.0691, which signifies that the company had a 0.0691% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.01% are justified by taking the suggested risk. Use CANADA RARE Semi Deviation of 9.86, coefficient of variation of 1526.11, and Mean Deviation of 9.27 to evaluate company specific risk that cannot be diversified away. CANADA RARE holds a performance score of 5 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 3.58, 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 sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to analyze future returns on CANADA RARE.
Auto-correlation
0.46
Average predictability
CANADA RARE EARTH has average predictability. Overlapping area represents the amount of predictability between CANADA RARE time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 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 0.46 indicates that about 46.0% of current CANADA RARE price fluctuation can be explain by its past prices.
Correlation Coefficient
0.46
Spearman Rank Test
0.26
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
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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.