Flying Nickel Mining Stock Market Value
| FLYNF Stock | USD 0.04 0.01 29.86% |
| Symbol | Flying |
Flying Nickel '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 Flying Nickel's 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 Flying Nickel.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Flying Nickel on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Flying Nickel Mining or generate 0.0% return on investment in Flying Nickel over 720 days. Flying Nickel is related to or competes with IGO, and Adriatic Metals. Flying Nickel Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada More
Flying Nickel 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 Flying Nickel's 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 Flying Nickel Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.5 | |||
| Information Ratio | 0.0416 | |||
| Maximum Drawdown | 97.6 | |||
| Value At Risk | (25.23) | |||
| Potential Upside | 36.67 |
Flying Nickel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flying Nickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flying Nickel's standard deviation. In reality, there are many statistical measures that can use Flying Nickel historical prices to predict the future Flying Nickel's volatility.| Risk Adjusted Performance | 0.0473 | |||
| Jensen Alpha | 0.6753 | |||
| Total Risk Alpha | (2.08) | |||
| Sortino Ratio | 0.0473 | |||
| Treynor Ratio | 0.5941 |
Flying Nickel Mining Backtested Returns
Flying Nickel appears to be out of control, given 3 months investment horizon. Flying Nickel Mining secures Sharpe Ratio (or Efficiency) of 0.0487, which denotes the company had a 0.0487% return per unit of risk over the last 3 months. By reviewing Flying Nickel's technical indicators, you can evaluate if the expected return of 0.84% is justified by implied risk. Please utilize Flying Nickel's Mean Deviation of 12.4, coefficient of variation of 2024.74, and Downside Deviation of 15.5 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Flying Nickel holds a performance score of 3. The firm shows a Beta (market volatility) of 1.45, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Flying Nickel will likely underperform. Please check Flying Nickel's potential upside and the relationship between the skewness and price action indicator , to make a quick decision on whether Flying Nickel's price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Flying Nickel Mining has insignificant predictability. Overlapping area represents the amount of predictability between Flying Nickel time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Flying Nickel Mining price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Flying Nickel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Flying Nickel Mining lagged returns against current returns
Autocorrelation, which is Flying Nickel 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 Flying Nickel's otc stock expected returns. We can calculate the autocorrelation of Flying Nickel returns to help us make a trade decision. For example, suppose you find that Flying Nickel 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 |
Flying Nickel 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 Flying Nickel otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flying Nickel otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flying Nickel otc stock over time.
Current vs Lagged Prices |
| Timeline |
Flying Nickel Lagged Returns
When evaluating Flying Nickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flying Nickel otc stock have on its future price. Flying Nickel 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, Flying Nickel autocorrelation shows the relationship between Flying Nickel otc stock current value and its past values and can show if there is a momentum factor associated with investing in Flying Nickel Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Flying OTC Stock
Flying Nickel financial ratios help investors to determine whether Flying 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 Flying with respect to the benefits of owning Flying Nickel security.