Freegold Ventures Limited Stock Market Value
| FGOVF Stock | USD 0.53 0.01 1.85% |
| Symbol | Freegold |
Freegold Ventures '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 Freegold Ventures' otc 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 Freegold Ventures.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Freegold Ventures on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Freegold Ventures Limited or generate 0.0% return on investment in Freegold Ventures over 30 days. Freegold Ventures is related to or competes with Atlas Corp, PureCycle Technologies, and GCM Grosvenor. Freegold Ventures Limited, an exploration stage company, engages in the acquisition, exploration, evaluation, and develo... More
Freegold Ventures 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 Freegold Ventures' otc 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 Freegold Ventures Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 17.95 | |||
| Value At Risk | (6.45) | |||
| Potential Upside | 7.58 |
Freegold Ventures Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Freegold Ventures' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Freegold Ventures' standard deviation. In reality, there are many statistical measures that can use Freegold Ventures historical prices to predict the future Freegold Ventures' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.48) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Freegold Ventures' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Freegold Ventures Backtested Returns
Freegold Ventures 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. Freegold Ventures Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Freegold Ventures' Standard Deviation of 4.0, variance of 15.96, and Mean Deviation of 3.11 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, Freegold Ventures' returns are expected to increase less than the market. However, during the bear market, the loss of holding Freegold Ventures is expected to be smaller as well. At this point, Freegold Ventures has a negative expected return of -0.45%. Please make sure to confirm Freegold Ventures' total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if Freegold Ventures performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Freegold Ventures Limited has insignificant predictability. Overlapping area represents the amount of predictability between Freegold Ventures time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Freegold Ventures price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Freegold Ventures price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Freegold Ventures lagged returns against current returns
Autocorrelation, which is Freegold Ventures otc 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 Freegold Ventures' otc stock expected returns. We can calculate the autocorrelation of Freegold Ventures returns to help us make a trade decision. For example, suppose you find that Freegold Ventures has exhibited high autocorrelation historically, and you observe that the otc 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 |
Freegold Ventures 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 Freegold Ventures otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Freegold Ventures otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Freegold Ventures otc stock over time.
Current vs Lagged Prices |
| Timeline |
Freegold Ventures Lagged Returns
When evaluating Freegold Ventures' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Freegold Ventures otc stock have on its future price. Freegold Ventures 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, Freegold Ventures autocorrelation shows the relationship between Freegold Ventures otc stock current value and its past values and can show if there is a momentum factor associated with investing in Freegold Ventures Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Freegold OTC Stock
Freegold Ventures financial ratios help investors to determine whether Freegold OTC 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 Freegold with respect to the benefits of owning Freegold Ventures security.