Global Ferronickel (Philippines) Market Value
| FNI Stock | 1.04 0.01 0.95% |
| Symbol | Global |
Global Ferronickel '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 Global Ferronickel'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 Global Ferronickel.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Global Ferronickel on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Global Ferronickel Holdings or generate 0.0% return on investment in Global Ferronickel over 30 days. Global Ferronickel is related to or competes with Nickel Asia, Atok Big, Philex Mining, Atlas Consolidated, Apex Mining, and . More
Global Ferronickel 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 Global Ferronickel'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 Global Ferronickel Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 12.14 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 2.84 |
Global Ferronickel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Ferronickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Ferronickel's standard deviation. In reality, there are many statistical measures that can use Global Ferronickel historical prices to predict the future Global Ferronickel's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (1.25) |
Global Ferronickel Backtested Returns
Global Ferronickel holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Global Ferronickel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Ferronickel's Risk Adjusted Performance of (0.16), market risk adjusted performance of (1.24), and Standard Deviation of 2.17 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Ferronickel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Ferronickel is expected to be smaller as well. At this point, Global Ferronickel has a negative expected return of -0.43%. Please make sure to check out Global Ferronickel's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Global Ferronickel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.90 |
Excellent predictability
Global Ferronickel Holdings has excellent predictability. Overlapping area represents the amount of predictability between Global Ferronickel time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Global Ferronickel price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Global Ferronickel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Ferronickel lagged returns against current returns
Autocorrelation, which is Global Ferronickel 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 Global Ferronickel's stock expected returns. We can calculate the autocorrelation of Global Ferronickel returns to help us make a trade decision. For example, suppose you find that Global Ferronickel 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 |
Global Ferronickel 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 Global Ferronickel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Ferronickel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Ferronickel stock over time.
Current vs Lagged Prices |
| Timeline |
Global Ferronickel Lagged Returns
When evaluating Global Ferronickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Ferronickel stock have on its future price. Global Ferronickel 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, Global Ferronickel autocorrelation shows the relationship between Global Ferronickel stock current value and its past values and can show if there is a momentum factor associated with investing in Global Ferronickel Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Global Stock
Global Ferronickel financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Ferronickel security.