Fortune Minerals (Germany) Market Value
| FMP Stock | EUR 0.02 0.0005 2.70% |
| Symbol | Fortune |
Fortune Minerals '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 Fortune Minerals' 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 Fortune Minerals.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Fortune Minerals on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Fortune Minerals Limited or generate 0.0% return on investment in Fortune Minerals over 60 days. Fortune Minerals is related to or competes with Geely Automobile, SILICON LABORATOR, Iridium Communications, Charter Communications, T-Mobile, Mitsui Chemicals, and FONIX MOBILE. Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metal... More
Fortune Minerals 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 Fortune Minerals' 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 Fortune Minerals Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.19 | |||
| Information Ratio | 0.011 | |||
| Maximum Drawdown | 45.64 | |||
| Value At Risk | (15.91) | |||
| Potential Upside | 17.07 |
Fortune Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortune Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortune Minerals' standard deviation. In reality, there are many statistical measures that can use Fortune Minerals historical prices to predict the future Fortune Minerals' volatility.| Risk Adjusted Performance | 0.0199 | |||
| Jensen Alpha | 0.139 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0093 | |||
| Treynor Ratio | (0.12) |
Fortune Minerals Backtested Returns
At this point, Fortune Minerals is out of control. Fortune Minerals secures Sharpe Ratio (or Efficiency) of 0.0084, which denotes the company had a 0.0084% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fortune Minerals Limited, which you can use to evaluate the volatility of the firm. Please confirm Fortune Minerals' Mean Deviation of 7.13, downside deviation of 12.19, and Coefficient Of Variation of 7603.41 to check if the risk estimate we provide is consistent with the expected return of 0.0877%. The firm shows a Beta (market volatility) of -1.07, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Fortune Minerals are expected to decrease slowly. On the other hand, during market turmoil, Fortune Minerals is expected to outperform it slightly. Fortune Minerals right now shows a risk of 10.49%. Please confirm Fortune Minerals potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if Fortune Minerals will be following its price patterns.
Auto-correlation | -0.04 |
Very weak reverse predictability
Fortune Minerals Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Fortune Minerals time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Fortune Minerals price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Fortune Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fortune Minerals lagged returns against current returns
Autocorrelation, which is Fortune Minerals 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 Fortune Minerals' stock expected returns. We can calculate the autocorrelation of Fortune Minerals returns to help us make a trade decision. For example, suppose you find that Fortune Minerals 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 |
Fortune Minerals 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 Fortune Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortune Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortune Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Fortune Minerals Lagged Returns
When evaluating Fortune Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortune Minerals stock have on its future price. Fortune Minerals 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, Fortune Minerals autocorrelation shows the relationship between Fortune Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Fortune Minerals Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Fortune Stock
Fortune Minerals financial ratios help investors to determine whether Fortune 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 Fortune with respect to the benefits of owning Fortune Minerals security.