Rackla Metals Stock Market Value
| RAK Stock | CAD 0.11 0.00 0.00% |
| Symbol | Rackla |
Rackla Metals '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 Rackla Metals' 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 Rackla Metals.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Rackla Metals on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Rackla Metals or generate 0.0% return on investment in Rackla Metals over 30 days. Rackla Metals is related to or competes with First Majestic, Ivanhoe Energy, and Orezone Gold. Rackla Metals Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral pro... More
Rackla Metals 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 Rackla Metals' 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 Rackla Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.09 | |||
| Information Ratio | 0.147 | |||
| Maximum Drawdown | 58.18 | |||
| Value At Risk | (13.64) | |||
| Potential Upside | 22.22 |
Rackla Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rackla Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rackla Metals' standard deviation. In reality, there are many statistical measures that can use Rackla Metals historical prices to predict the future Rackla Metals' volatility.| Risk Adjusted Performance | 0.1312 | |||
| Jensen Alpha | 1.67 | |||
| Total Risk Alpha | 0.0053 | |||
| Sortino Ratio | 0.146 | |||
| Treynor Ratio | 2.83 |
Rackla Metals Backtested Returns
Rackla Metals is out of control given 3 months investment horizon. Rackla Metals maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We were able to interpolate twenty-five different technical indicators, which can help you to evaluate if expected returns of 1.2% are justified by taking the suggested risk. Use Rackla Metals Coefficient Of Variation of 629.42, semi deviation of 5.99, and Risk Adjusted Performance of 0.1312 to evaluate company specific risk that cannot be diversified away. Rackla Metals holds a performance score of 9 on a scale of zero to a hundred. The company holds a Beta of 0.62, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rackla Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Rackla Metals is expected to be smaller as well. Use Rackla Metals information ratio, downside variance, relative strength index, as well as the relationship between the treynor ratio and kurtosis , to analyze future returns on Rackla Metals.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Rackla Metals has insignificant reverse predictability. Overlapping area represents the amount of predictability between Rackla Metals time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Rackla Metals price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Rackla Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rackla Metals lagged returns against current returns
Autocorrelation, which is Rackla Metals 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 Rackla Metals' stock expected returns. We can calculate the autocorrelation of Rackla Metals returns to help us make a trade decision. For example, suppose you find that Rackla Metals 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 |
Rackla Metals 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 Rackla Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rackla Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rackla Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Rackla Metals Lagged Returns
When evaluating Rackla Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rackla Metals stock have on its future price. Rackla Metals 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, Rackla Metals autocorrelation shows the relationship between Rackla Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Rackla Metals.
Regressed Prices |
| Timeline |
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Additional Tools for Rackla Stock Analysis
When running Rackla Metals' price analysis, check to measure Rackla Metals' 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 Rackla Metals is operating at the current time. Most of Rackla Metals' value examination focuses on studying past and present price action to predict the probability of Rackla Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rackla Metals' price. Additionally, you may evaluate how the addition of Rackla Metals to your portfolios can decrease your overall portfolio volatility.