Arras Minerals Corp Stock Price on May 11, 2018
| ARK Stock | CAD 0.23 0.02 9.52% |
If you're considering investing in Arras Stock, it is important to understand the factors that can impact its price. As of today, the current price of Arras Minerals stands at 0.23, as last reported on the 25th of April, with the highest price reaching 0.23 and the lowest price hitting 0.23 during the day. Arras Minerals appears to be out of control, given 3 months investment horizon. Arras Minerals Corp secures Sharpe Ratio (or Efficiency) of 0.04, which signifies that the company had a 0.04% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Arras Minerals Corp, which you can use to evaluate the volatility of the firm. Please makes use of Arras Minerals' Downside Deviation of 6.39, mean deviation of 4.08, and Risk Adjusted Performance of 0.0258 to double-check if our risk estimates are consistent with your expectations.
Stock Based Compensation is likely to climb to about 299 K in 2024, whereas Total Stockholder Equity is likely to drop slightly above 5 M in 2024. . Price Earnings Ratio is likely to drop to -2.34 in 2024. Price Book Value Ratio is likely to drop to 2.01 in 2024. Arras Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Arras |
Sharpe Ratio = 0.04
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Estimated Market Risk
| 5.54 actual daily | 49 51% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Arras Minerals is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Arras Minerals by adding it to a well-diversified portfolio.
Price Book 1.9188 | Enterprise Value 14.7 M | Enterprise Value Ebitda (2.58) | Shares Outstanding 68.9 M | Market Capitalization 15.9 M |
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Arras Minerals Stock history
Arras Minerals investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Arras is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Arras Minerals Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Arras Minerals stock prices may prove useful in developing a viable investing in Arras Minerals
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 78.8 M | 63.7 M |
Arras Minerals Stock Technical Analysis
Arras Minerals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Arras Minerals Period Price Range
Arras Minerals April 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Arras Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Arras Minerals shares will generate the highest return on investment. By undertsting and applying Arras Minerals stock market strength indicators, traders can identify Arras Minerals Corp entry and exit signals to maximize returns
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.1 | |||
| Day Median Price | 0.23 | |||
| Day Typical Price | 0.23 | |||
| Price Action Indicator | 0.01 | |||
| Period Momentum Indicator | 0.02 | |||
| Relative Strength Index | 46.48 |
Arras Minerals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Arras Minerals' price direction in advance. Along with the technical and fundamental analysis of Arras Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Arras to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0258 | |||
| Jensen Alpha | 0.2206 | |||
| Total Risk Alpha | (0.62) | |||
| Sortino Ratio | 0.0086 | |||
| Treynor Ratio | (0.15) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arras Minerals Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Arras Stock analysis
When running Arras Minerals' price analysis, check to measure Arras Minerals' 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 Arras Minerals is operating at the current time. Most of Arras Minerals' value examination focuses on studying past and present price action to predict the probability of Arras Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arras Minerals' price. Additionally, you may evaluate how the addition of Arras Minerals to your portfolios can decrease your overall portfolio volatility.
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