Rackla Metals Stock Market Value
| RMETF Stock | USD 0.09 0.01 8.75% |
| 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' 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 Rackla Metals.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Rackla Metals on January 2, 2025 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 Newcore Gold, Cerrado Gold, Rio2, Aurion Resources, and Minaurum 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' 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 Rackla Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 23.8 | |||
| Information Ratio | 0.0791 | |||
| Maximum Drawdown | 85.49 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 14.29 |
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 | 0.0803 | |||
| Jensen Alpha | 1.2 | |||
| Total Risk Alpha | 0.0277 | |||
| Sortino Ratio | 0.0488 | |||
| Treynor Ratio | 2.77 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rackla Metals' 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.
Rackla Metals Backtested Returns
Rackla Metals appears to be out of control, given 3 months investment horizon. Rackla Metals maintains Sharpe Ratio (i.e., Efficiency) of 0.0617, which implies the firm had a 0.0617 % return per unit of risk over the last 3 months. By analyzing Rackla Metals' technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please evaluate Rackla Metals' Risk Adjusted Performance of 0.0803, semi deviation of 7.64, and Coefficient Of Variation of 1184.09 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rackla Metals holds a performance score of 4. The company holds a Beta of 0.44, 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. Please check Rackla Metals' information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Rackla Metals' historical price patterns will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Rackla Metals has very good reverse predictability. Overlapping area represents the amount of predictability between Rackla Metals time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 Rackla Metals price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Rackla Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rackla Metals lagged returns against current returns
Autocorrelation, which is Rackla Metals 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 Rackla Metals' pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rackla Metals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rackla Metals pink sheet 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 pink sheet 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 pink sheet 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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Other Information on Investing in Rackla Pink Sheet
Rackla Metals financial ratios help investors to determine whether Rackla 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 Rackla with respect to the benefits of owning Rackla Metals security.