Formation Minerals,'s market value is the price at which a share of Formation Minerals, trades on a public exchange. It measures the collective expectations of Formation Minerals, investors about its performance. Formation Minerals, is trading at 0.0419 as of the 23rd of December 2024. This is a 12.03% up since the beginning of the trading day. The stock's open price was 0.0374. With this module, you can estimate the performance of a buy and hold strategy of Formation Minerals, and determine expected loss or profit from investing in Formation Minerals, over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in population.
Symbol
Formation
Formation 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 Formation Minerals,'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 Formation Minerals,.
0.00
11/23/2024
No Change 0.00
0.0
In 30 days
12/23/2024
0.00
If you would invest 0.00 in Formation Minerals, on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Formation Minerals, or generate 0.0% return on investment in Formation Minerals, over 30 days.
Formation 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 Formation Minerals,'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 Formation Minerals, upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formation Minerals,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formation Minerals,'s standard deviation. In reality, there are many statistical measures that can use Formation Minerals, historical prices to predict the future Formation Minerals,'s volatility.
Formation Minerals, secures Sharpe Ratio (or Efficiency) of 0.0612, which denotes the company had a 0.0612% return per unit of risk over the last 3 months. By reviewing Formation Minerals,'s technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please utilize Formation Minerals,'s Coefficient Of Variation of 1715.97, downside deviation of 14.5, and Mean Deviation of 9.4 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Formation Minerals, holds a performance score of 4. The firm shows a Beta (market volatility) of 3.51, 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, Formation Minerals, will likely underperform. Please check Formation Minerals,'s maximum drawdown and the relationship between the semi variance and day typical price , to make a quick decision on whether Formation Minerals,'s price patterns will revert.
Auto-correlation
0.08
Virtually no predictability
Formation Minerals, has virtually no predictability. Overlapping area represents the amount of predictability between Formation Minerals, 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 Formation Minerals, price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Formation Minerals, price fluctuation can be explain by its past prices.
Correlation Coefficient
0.08
Spearman Rank Test
-0.14
Residual Average
0.0
Price Variance
0.0
Formation Minerals, lagged returns against current returns
Autocorrelation, which is Formation Minerals, 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 Formation Minerals,'s otc stock expected returns. We can calculate the autocorrelation of Formation Minerals, returns to help us make a trade decision. For example, suppose you find that Formation Minerals, 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
Formation 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 Formation Minerals, otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formation Minerals, otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formation Minerals, otc stock over time.
Current vs Lagged Prices
Timeline
Formation Minerals, Lagged Returns
When evaluating Formation Minerals,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formation Minerals, otc stock have on its future price. Formation 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, Formation Minerals, autocorrelation shows the relationship between Formation Minerals, otc stock current value and its past values and can show if there is a momentum factor associated with investing in Formation Minerals,.