Arras Minerals Corp Stock Performance
On a scale of 0 to 100, Arras Minerals holds a performance score of 6. The firm shows a Beta (market volatility) of -0.98, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Arras Minerals are expected to decrease slowly. On the other hand, during market turmoil, Arras Minerals is expected to outperform it slightly. Please check Arras Minerals' treynor ratio and the relationship between the downside variance and relative strength index , to make a quick decision on whether Arras Minerals' price patterns will revert.
Risk-Adjusted Performance
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Over the last 90 days Arras Minerals Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Arras Minerals is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
| Begin Period Cash Flow | 424.1 K | |
| Free Cash Flow | -5.3 M |
Arras |
Arras Minerals Relative Risk vs. Return Landscape
If you would invest 20.00 in Arras Minerals Corp on February 13, 2024 and sell it today you would earn a total of 4.00 from holding Arras Minerals Corp or generate 20.0% return on investment over 90 days. Arras Minerals Corp is currently producing 0.4397% returns and takes up 5.3618% volatility of returns over 90 trading days. Put another way, 47% of traded stocks are less volatile than Arras, and 92% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Arras Minerals Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arras Minerals' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Arras Minerals Corp, and traders can use it to determine the average amount a Arras Minerals' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.082
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Estimated Market Risk
| 5.36 actual daily | 47 53% of assets are more volatile |
Expected Return
| 0.44 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Arras Minerals is performing at about 6% 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.
Arras Minerals Fundamentals Growth
Arras Stock prices reflect investors' perceptions of the future prospects and financial health of Arras Minerals, and Arras Minerals fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Arras Stock performance.
| Current Valuation | 14.7 M | |||
| Shares Outstanding | 68.92 M | |||
| Price To Book | 1.92 X | |||
| Cash And Equivalents | 1.56 K | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 217.12 K | |||
| Debt To Equity | 3.06 % | |||
| Cash Flow From Operations | (5.24 M) | |||
| Earnings Per Share | (0.18) X | |||
| Total Asset | 6.42 M | |||
| Retained Earnings | (13.78 M) | |||
About Arras Minerals Performance
To evaluate Arras Minerals Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Arras Minerals generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Arras Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Arras Minerals Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Arras's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Archer Petroleum Corporation engages in acquiring, exploring, and evaluating oil and gas and other energy producing properties in North America.Things to note about Arras Minerals Corp performance evaluation
Checking the ongoing alerts about Arras Minerals for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Arras Minerals Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Arras Minerals Corp had very high historical volatility over the last 90 days | |
| Arras Minerals Corp has some characteristics of a very speculative penny stock | |
| The company has accumulated 217.12 K in total debt with debt to equity ratio (D/E) of 3.06, implying the company greatly relies on financing operations through barrowing. Arras Minerals Corp has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Arras Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Arras Minerals' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Arras Minerals Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Arras to invest in growth at high rates of return. When we think about Arras Minerals' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (5.72 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Arras Minerals Corp has accumulated about 1.56 K in cash with (5.24 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
- Analyzing Arras Minerals' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Arras Minerals' stock is overvalued or undervalued compared to its peers.
- Examining Arras Minerals' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Arras Minerals' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Arras Minerals' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Arras Minerals' stock. These opinions can provide insight into Arras Minerals' potential for growth and whether the stock is currently undervalued or overvalued.
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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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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