Faraday Copper Corp Stock Market Value
| FDY Stock | CAD 0.83 0.03 3.49% |
| Symbol | Faraday |
Faraday Copper Corp Price To Book Ratio
Faraday Copper '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 Faraday Copper's 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 Faraday Copper.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Faraday Copper on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Faraday Copper Corp or generate 0.0% return on investment in Faraday Copper over 180 days. Faraday Copper is related to or competes with First Majestic, Ivanhoe Energy, and Orezone Gold. Faraday Copper is entity of Canada. It is traded as Stock on TO exchange. More
Faraday Copper 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 Faraday Copper's 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 Faraday Copper Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | 0.0178 | |||
| Maximum Drawdown | 9.12 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.37 |
Faraday Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Faraday Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Faraday Copper's standard deviation. In reality, there are many statistical measures that can use Faraday Copper historical prices to predict the future Faraday Copper's volatility.| Risk Adjusted Performance | 0.0733 | |||
| Jensen Alpha | 0.112 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0163 | |||
| Treynor Ratio | 0.4098 |
Faraday Copper Corp Backtested Returns
Faraday Copper appears to be dangerous, given 3 months investment horizon. Faraday Copper Corp secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Faraday Copper Corp, which you can use to evaluate the volatility of the firm. Please utilize Faraday Copper's Coefficient Of Variation of 1137.67, downside deviation of 2.15, and Mean Deviation of 1.5 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Faraday Copper holds a performance score of 8. The firm shows a Beta (market volatility) of 0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, Faraday Copper's returns are expected to increase less than the market. However, during the bear market, the loss of holding Faraday Copper is expected to be smaller as well. Please check Faraday Copper's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether Faraday Copper's price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Faraday Copper Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Faraday Copper time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Faraday Copper Corp price movement. The serial correlation of -0.25 indicates that over 25.0% of current Faraday Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Faraday Copper Corp lagged returns against current returns
Autocorrelation, which is Faraday Copper 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 Faraday Copper's stock expected returns. We can calculate the autocorrelation of Faraday Copper returns to help us make a trade decision. For example, suppose you find that Faraday Copper 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 |
Faraday Copper 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 Faraday Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Faraday Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Faraday Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Faraday Copper Lagged Returns
When evaluating Faraday Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Faraday Copper stock have on its future price. Faraday Copper 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, Faraday Copper autocorrelation shows the relationship between Faraday Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Faraday Copper Corp.
Regressed Prices |
| Timeline |
Pair Trading with Faraday Copper
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Faraday Copper position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Faraday Copper will appreciate offsetting losses from the drop in the long position's value.Moving together with Faraday Stock
Moving against Faraday Stock
The ability to find closely correlated positions to Faraday Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Faraday Copper when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Faraday Copper - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Faraday Copper Corp to buy it.
The correlation of Faraday Copper is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Faraday Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Faraday Copper Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Faraday Copper can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Faraday Stock
Faraday Copper financial ratios help investors to determine whether Faraday 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 Faraday with respect to the benefits of owning Faraday Copper security.