Arras Minerals Corp Stock Market Value
| ARRKF Stock | USD 0.24 0.03 14.29% |
| Symbol | Arras |
Arras Minerals '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 Arras Minerals' otc 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 Arras Minerals.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Arras Minerals on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Arras Minerals Corp or generate 0.0% return on investment in Arras Minerals over 510 days. Arras Minerals is related to or competes with Gold79 Mines, American Creek, and Aurania Resources. Arras Mineral Corp. engages in the acquisition, exploration, evaluation, and development of resource properties More
Arras Minerals 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 Arras Minerals' otc 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 Arras Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.21 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 29.89 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 9.52 |
Arras Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arras Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arras Minerals' standard deviation. In reality, there are many statistical measures that can use Arras Minerals historical prices to predict the future Arras Minerals' volatility.| Risk Adjusted Performance | 0.0198 | |||
| Jensen Alpha | 0.0724 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 6.31 |
Arras Minerals Corp Backtested Returns
Arras Minerals Corp secures Sharpe Ratio (or Efficiency) of -0.0066, which signifies that the company had a -0.0066% return per unit of risk over the last 3 months. Arras Minerals Corp exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arras Minerals' Risk Adjusted Performance of 0.0198, downside deviation of 7.21, and Mean Deviation of 3.58 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0117, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Arras Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Arras Minerals is expected to be smaller as well. At this point, Arras Minerals Corp has a negative expected return of -0.0368%. Please make sure to confirm Arras Minerals' treynor ratio and the relationship between the downside variance and day typical price , to decide if Arras Minerals Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Arras Minerals Corp has virtually no predictability. Overlapping area represents the amount of predictability between Arras Minerals time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Arras Minerals Corp price movement. The serial correlation of 0.02 indicates that only 2.0% of current Arras Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Arras Minerals Corp lagged returns against current returns
Autocorrelation, which is Arras Minerals otc 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 Arras Minerals' otc stock expected returns. We can calculate the autocorrelation of Arras Minerals returns to help us make a trade decision. For example, suppose you find that Arras Minerals has exhibited high autocorrelation historically, and you observe that the otc 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 |
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Arras Minerals 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 Arras Minerals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arras Minerals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arras Minerals otc stock over time.
Current vs Lagged Prices |
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Arras Minerals Lagged Returns
When evaluating Arras Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arras Minerals otc stock have on its future price. Arras Minerals 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, Arras Minerals autocorrelation shows the relationship between Arras Minerals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Arras Minerals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Arras OTC Stock
Arras Minerals financial ratios help investors to determine whether Arras OTC 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 Arras with respect to the benefits of owning Arras Minerals security.