Foran Mining Stock Market Value
| FOM Stock | 4.13 0.11 2.59% |
| Symbol | Foran |
Foran Mining Price To Book Ratio
Foran Mining '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 Foran Mining'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 Foran Mining.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Foran Mining on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Foran Mining or generate 0.0% return on investment in Foran Mining over 720 days. Foran Mining is related to or competes with Foraco International, Geodrill, and Bri Chem. Foran Mining is entity of Canada. It is traded as Stock on TO exchange. More
Foran Mining 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 Foran Mining'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 Foran Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | 0.0123 | |||
| Maximum Drawdown | 10.6 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 3.04 |
Foran Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foran Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foran Mining's standard deviation. In reality, there are many statistical measures that can use Foran Mining historical prices to predict the future Foran Mining's volatility.| Risk Adjusted Performance | 0.0381 | |||
| Jensen Alpha | 0.0725 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0139 | |||
| Treynor Ratio | 0.4047 |
Foran Mining Backtested Returns
As of now, Foran Stock is slightly risky. Foran Mining secures Sharpe Ratio (or Efficiency) of 0.0441, which denotes the company had a 0.0441% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Foran Mining, which you can use to evaluate the volatility of the firm. Please confirm Foran Mining's Mean Deviation of 1.66, coefficient of variation of 2305.13, and Downside Deviation of 1.93 to check if the risk estimate we provide is consistent with the expected return of 0.0973%. Foran Mining has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, Foran Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Foran Mining is expected to be smaller as well. Foran Mining right now shows a risk of 2.21%. Please confirm Foran Mining semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Foran Mining will be following its price patterns.
Auto-correlation | 0.13 |
Insignificant predictability
Foran Mining has insignificant predictability. Overlapping area represents the amount of predictability between Foran Mining time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 Foran Mining price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Foran Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Foran Mining lagged returns against current returns
Autocorrelation, which is Foran Mining 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 Foran Mining's stock expected returns. We can calculate the autocorrelation of Foran Mining returns to help us make a trade decision. For example, suppose you find that Foran Mining 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 |
Foran Mining 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 Foran Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foran Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foran Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Foran Mining Lagged Returns
When evaluating Foran Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foran Mining stock have on its future price. Foran Mining 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, Foran Mining autocorrelation shows the relationship between Foran Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Foran Mining.
Regressed Prices |
| Timeline |
Pair Trading with Foran Mining
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 Foran Mining 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 Foran Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Foran Stock
The ability to find closely correlated positions to Foran Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foran Mining 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 Foran Mining - 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 Foran Mining to buy it.
The correlation of Foran Mining 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 Foran Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foran Mining 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 Foran Mining 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.Other Information on Investing in Foran Stock
Foran Mining financial ratios help investors to determine whether Foran 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 Foran with respect to the benefits of owning Foran Mining security.