FireFly Metals (Australia) Market Value
| FFM Stock | 0.99 0.01 1.02% |
| Symbol | FireFly |
FireFly Metals '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 FireFly Metals' 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 FireFly Metals.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in FireFly Metals on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding FireFly Metals or generate 0.0% return on investment in FireFly Metals over 90 days. FireFly Metals is related to or competes with Super Retail, Seven West, Finexia Financial, Sequoia Financial, Autosports, and Cleanspace Holdings Ltd. More
FireFly Metals 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 FireFly Metals' 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 FireFly Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.53 | |||
| Information Ratio | 0.0724 | |||
| Maximum Drawdown | 15.36 | |||
| Value At Risk | (4.30) | |||
| Potential Upside | 5.49 |
FireFly Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FireFly Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FireFly Metals' standard deviation. In reality, there are many statistical measures that can use FireFly Metals historical prices to predict the future FireFly Metals' volatility.| Risk Adjusted Performance | 0.044 | |||
| Jensen Alpha | 0.1831 | |||
| Total Risk Alpha | 0.5376 | |||
| Sortino Ratio | 0.0672 | |||
| Treynor Ratio | 0.2521 |
FireFly Metals Backtested Returns
Currently, FireFly Metals is extremely dangerous. FireFly Metals secures Sharpe Ratio (or Efficiency) of 0.0421, which denotes the company had a 0.0421 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for FireFly Metals, which you can use to evaluate the volatility of the firm. Please confirm FireFly Metals' Mean Deviation of 2.6, downside deviation of 3.53, and Coefficient Of Variation of 2373.23 to check if the risk estimate we provide is consistent with the expected return of 0.14%. FireFly Metals has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.51, which means possible diversification benefits within a given portfolio. As returns on the market increase, FireFly Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding FireFly Metals is expected to be smaller as well. FireFly Metals right now shows a risk of 3.27%. Please confirm FireFly Metals total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if FireFly Metals will be following its price patterns.
Auto-correlation | -0.1 |
Very weak reverse predictability
FireFly Metals has very weak reverse predictability. Overlapping area represents the amount of predictability between FireFly Metals time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of FireFly Metals price movement. The serial correlation of -0.1 indicates that less than 10.0% of current FireFly Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
FireFly Metals lagged returns against current returns
Autocorrelation, which is FireFly Metals 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 FireFly Metals' stock expected returns. We can calculate the autocorrelation of FireFly Metals returns to help us make a trade decision. For example, suppose you find that FireFly Metals 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 |
FireFly Metals 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 FireFly Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FireFly Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FireFly Metals stock over time.
Current vs Lagged Prices |
| Timeline |
FireFly Metals Lagged Returns
When evaluating FireFly Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FireFly Metals stock have on its future price. FireFly Metals 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, FireFly Metals autocorrelation shows the relationship between FireFly Metals stock current value and its past values and can show if there is a momentum factor associated with investing in FireFly Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for FireFly Stock Analysis
When running FireFly Metals' price analysis, check to measure FireFly Metals' 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 FireFly Metals is operating at the current time. Most of FireFly Metals' value examination focuses on studying past and present price action to predict the probability of FireFly Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FireFly Metals' price. Additionally, you may evaluate how the addition of FireFly Metals to your portfolios can decrease your overall portfolio volatility.