Canada Rare Earth Stock Market Value
| LL Stock | CAD 0.02 0.01 33.33% |
| Symbol | Canada |
Canada Rare Earth Price To Book Ratio
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.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Canada Rare on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Canada Rare Earth or generate 0.0% return on investment in Canada Rare over 30 days. Canada Rare is related to or competes with First National, Fairfax Financial, Olympia Financial, North American, National Bank, and Postmedia Network. Canada Rare Earth Corp., a development stage company, engages in the exploration and development of rare earth elements ... More
Canada Rare 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 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.
| Information Ratio | 0.0563 | |||
| Maximum Drawdown | 83.33 |
Canada Rare Market Risk Indicators
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.| Risk Adjusted Performance | 0.056 | |||
| Jensen Alpha | 0.7388 | |||
| Total Risk Alpha | 0.3867 | |||
| Treynor Ratio | 1.89 |
Canada Rare Earth Backtested Returns
Canada Rare appears to be out of control, given 3 months investment horizon. Canada Rare Earth secures Sharpe Ratio (or Efficiency) of 0.0597, which signifies that the company had a 0.0597% return per unit of risk over the last 3 months. By analyzing Canada Rare's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please makes use of Canada Rare's Standard Deviation of 12.89, risk adjusted performance of 0.056, and Mean Deviation of 4.48 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Canada Rare holds a performance score of 4. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Canada Rare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canada Rare is expected to be smaller as well. Please check Canada Rare's information ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to make a quick decision on whether Canada Rare's price patterns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
Canada Rare Earth has poor reverse predictability. Overlapping area represents the amount of predictability between Canada Rare time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd of December 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 Canada Rare Earth price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Canada Rare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.72 | |
| 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 |
Thematic Opportunities
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Additional Tools for Canada Stock Analysis
When running Canada Rare's price analysis, check to measure Canada Rare's 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 Canada Rare is operating at the current time. Most of Canada Rare's value examination focuses on studying past and present price action to predict the probability of Canada Rare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canada Rare's price. Additionally, you may evaluate how the addition of Canada Rare to your portfolios can decrease your overall portfolio volatility.