Rackla Metals Stock Market Value

RAK Stock  CAD 0.14  0.02  16.67%   
Rackla Metals' market value is the price at which a share of Rackla Metals trades on a public exchange. It measures the collective expectations of Rackla Metals investors about its performance. Rackla Metals is selling for under 0.14 as of the 5th of December 2024; that is 16.67 percent increase since the beginning of the trading day. The stock's lowest day price was 0.14.
With this module, you can estimate the performance of a buy and hold strategy of Rackla Metals and determine expected loss or profit from investing in Rackla Metals over a given investment horizon. Check out Rackla Metals Correlation, Rackla Metals Volatility and Rackla Metals Alpha and Beta module to complement your research on Rackla Metals.
Symbol

Please note, there is a significant difference between Rackla Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Rackla Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rackla Metals' 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.

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.
0.00
12/11/2023
No Change 0.00  0.0 
In 11 months and 27 days
12/05/2024
0.00
If you would invest  0.00  in Rackla Metals on December 11, 2023 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 360 days. Rackla Metals is related to or competes with Laurentian Bank, Data Communications, Royal Bank, US Financial, East Side, Intact Financial, and Definity Financial. 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.

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.
Hype
Prediction
LowEstimatedHigh
0.010.1410.03
Details
Intrinsic
Valuation
LowRealHigh
0.010.109.99
Details
Naive
Forecast
LowNextHigh
00.1510.04
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.120.130.15
Details

Rackla Metals Backtested Returns

Rackla Metals is out of control given 3 months investment horizon. Rackla Metals maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.68% are justified by taking the suggested risk. Use Rackla Metals Coefficient Of Variation of 606.63, risk adjusted performance of 0.131, and Semi Deviation of 5.4 to evaluate company specific risk that cannot be diversified away. Rackla Metals holds a performance score of 13 on a scale of zero to a hundred. The company holds a Beta of 0.074, which implies not very significant fluctuations relative to the market. 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, day typical price, as well as the relationship between the treynor ratio and kurtosis , to analyze future returns on Rackla Metals.

Auto-correlation

    
  0.43  

Average predictability

Rackla Metals has average predictability. Overlapping area represents the amount of predictability between Rackla Metals time series from 11th of December 2023 to 8th of June 2024 and 8th of June 2024 to 5th 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 Rackla Metals price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Rackla Metals price fluctuation can be explain by its past prices.
Correlation Coefficient0.43
Spearman Rank Test-0.14
Residual Average0.0
Price Variance0.0

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  

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

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.