Fredonia Mining Stock Price on November 7, 2024
| FRED Stock | 0.28 0.02 6.67% |
If you're considering investing in Fredonia Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fredonia Mining stands at 0.28, as last reported on the 20th of December, with the highest price reaching 0.28 and the lowest price hitting 0.28 during the day. Fredonia Mining is out of control given 3 months investment horizon. Fredonia Mining secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use Fredonia Mining Coefficient Of Variation of 662.78, mean deviation of 5.92, and Downside Deviation of 12.24 to evaluate company specific risk that cannot be diversified away.
Stock Based Compensation is likely to climb to about 309.5 K in 2024, whereas Common Stock is likely to drop slightly above 8.3 M in 2024. . Fredonia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fredonia |
Sharpe Ratio = 0.1236
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Estimated Market Risk
| 8.68 actual daily | 77 77% of assets are less volatile |
Expected Return
| 1.07 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Fredonia Mining is performing at about 9% 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 Fredonia Mining by adding it to a well-diversified portfolio.
Price Book 0.4628 | Book Value (0) | Enterprise Value 58 M | Enterprise Value Ebitda 5.2337 | Shares Float 143.9 M |
Fredonia Mining Valuation on November 7, 2024
It is possible to determine the worth of Fredonia Mining on a given historical date. On November 7, 2024 Fredonia was worth 0.45 at the beginning of the trading date compared to the closed value of 0.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fredonia Mining stock. Still, in general, we apply an absolute valuation method to find Fredonia Mining's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fredonia Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fredonia Mining's related companies.
| Open | High | Low | Close | Volume | |
| 0.42 | 0.43 | 0.40 | 0.43 | 9,200 | |
11/07/2024 | 0.45 | 0.45 | 0.45 | 0.45 | 2,600 |
| 0.48 | 0.48 | 0.45 | 0.48 | 39,593 |
| Backtest Fredonia Mining | | | Fredonia Mining History | | | Fredonia Mining Valuation | Previous | Next |
Fredonia Mining Trading Date Momentum on November 7, 2024
| On November 08 2024 Fredonia Mining was traded for 0.48 at the closing time. The maximum traded price for the trading interval was 0.48 and the lowest daily price was 0.45 . The daily volume was recorded at 39.6 K. The volume of trading on 8th of November 2024 played a part in the next trading day price increase. The overall trading delta to the next closing price was 6.67% . The overall trading delta to the closing price today is 4.44% . |
Fredonia Mining Fundamentals Correlations and Trends
By evaluating Fredonia Mining's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fredonia Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fredonia financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fredonia Mining Stock history
Fredonia Mining 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 Fredonia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fredonia Mining 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 Fredonia Mining stock prices may prove useful in developing a viable investing in Fredonia Mining
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 203.7 M | 180.4 M | |
| Net Income Applicable To Common Shares | 877.8 K | 921.7 K |
Fredonia Mining Stock Technical Analysis
Fredonia Mining 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
Fredonia Mining Period Price Range
Low | December 20, 2024
| High |
0.00 | 0.00 |
Fredonia Mining cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Fredonia Mining December 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Fredonia Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fredonia Mining shares will generate the highest return on investment. By undertsting and applying Fredonia Mining stock market strength indicators, traders can identify Fredonia Mining entry and exit signals to maximize returns
Fredonia Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fredonia Mining's price direction in advance. Along with the technical and fundamental analysis of Fredonia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fredonia 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 | 0.1289 | |||
| Jensen Alpha | 1.32 | |||
| Total Risk Alpha | 1.06 | |||
| Sortino Ratio | 0.1057 | |||
| Treynor Ratio | (8.46) |
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Additional Tools for Fredonia Stock Analysis
When running Fredonia Mining's price analysis, check to measure Fredonia Mining'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 Fredonia Mining is operating at the current time. Most of Fredonia Mining's value examination focuses on studying past and present price action to predict the probability of Fredonia Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fredonia Mining's price. Additionally, you may evaluate how the addition of Fredonia Mining to your portfolios can decrease your overall portfolio volatility.