Franco Nevada Stock Market Value
| FNV Stock | CAD 220.26 3.60 1.66% |
| Symbol | Franco |
Franco Nevada Price To Book Ratio
Franco Nevada '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 Franco Nevada'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 Franco Nevada.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Franco Nevada on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Franco Nevada or generate 0.0% return on investment in Franco Nevada over 90 days. Franco Nevada is related to or competes with Wheaton Precious, Agnico Eagle, Alamos Gold, Osisko Gold, and Sandstorm Gold. Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, ... More
Franco Nevada 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 Franco Nevada'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 Franco Nevada upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.3149 | |||
| Maximum Drawdown | 8.33 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 2.91 |
Franco Nevada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franco Nevada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franco Nevada's standard deviation. In reality, there are many statistical measures that can use Franco Nevada historical prices to predict the future Franco Nevada's volatility.| Risk Adjusted Performance | 0.2219 | |||
| Jensen Alpha | 0.4235 | |||
| Total Risk Alpha | 0.5621 | |||
| Sortino Ratio | 0.3156 | |||
| Treynor Ratio | 0.7728 |
Franco Nevada Backtested Returns
Franco Nevada appears to be very steady, given 3 months investment horizon. Franco Nevada secures Sharpe Ratio (or Efficiency) of 0.29, which denotes the company had a 0.29 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Franco Nevada, which you can use to evaluate the volatility of the firm. Please utilize Franco Nevada's Downside Deviation of 1.52, mean deviation of 1.17, and Semi Deviation of 1.19 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Franco Nevada holds a performance score of 22. The firm shows a Beta (market volatility) of 0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, Franco Nevada's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franco Nevada is expected to be smaller as well. Please check Franco Nevada's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Franco Nevada's price patterns will revert.
Auto-correlation | 0.66 |
Good predictability
Franco Nevada has good predictability. Overlapping area represents the amount of predictability between Franco Nevada time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Franco Nevada price movement. The serial correlation of 0.66 indicates that around 66.0% of current Franco Nevada price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 31.61 |
Franco Nevada lagged returns against current returns
Autocorrelation, which is Franco Nevada 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 Franco Nevada's stock expected returns. We can calculate the autocorrelation of Franco Nevada returns to help us make a trade decision. For example, suppose you find that Franco Nevada 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 |
Franco Nevada 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 Franco Nevada stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franco Nevada stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franco Nevada stock over time.
Current vs Lagged Prices |
| Timeline |
Franco Nevada Lagged Returns
When evaluating Franco Nevada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franco Nevada stock have on its future price. Franco Nevada 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, Franco Nevada autocorrelation shows the relationship between Franco Nevada stock current value and its past values and can show if there is a momentum factor associated with investing in Franco Nevada.
Regressed Prices |
| Timeline |
Pair Trading with Franco Nevada
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Franco Nevada position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Franco Nevada will appreciate offsetting losses from the drop in the long position's value.Moving together with Franco Stock
Moving against Franco Stock
| 0.85 | IE | Ivanhoe Energy | PairCorr |
| 0.8 | CCL-A | CCL Industries | PairCorr |
| 0.77 | RCI-A | Rogers Communications | PairCorr |
| 0.53 | INFM | Infinico Metals Corp | PairCorr |
The ability to find closely correlated positions to Franco Nevada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franco Nevada when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Franco Nevada - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Franco Nevada to buy it.
The correlation of Franco Nevada is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franco Nevada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franco Nevada moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Franco Nevada can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Franco Nevada Correlation, Franco Nevada Volatility and Franco Nevada Alpha and Beta module to complement your research on Franco Nevada. To learn how to invest in Franco Stock, please use our How to Invest in Franco Nevada guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Franco Nevada technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.