Fortune Bay Corp Stock Market Value
| FOR Stock | CAD 0.25 0.01 4.17% |
| Symbol | Fortune |
Fortune Bay Corp Price To Book Ratio
Fortune Bay '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 Bay'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 Fortune Bay.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Fortune Bay on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Fortune Bay Corp or generate 0.0% return on investment in Fortune Bay over 30 days. Fortune Bay is related to or competes with Arizona Sonoran, Marimaca Copper, and QC Copper. Fortune Bay Corp. acquires, explores for, and develops mineral properties More
Fortune Bay 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 Bay'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 Fortune Bay Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.12 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 23.62 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.69 |
Fortune Bay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortune Bay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortune Bay's standard deviation. In reality, there are many statistical measures that can use Fortune Bay historical prices to predict the future Fortune Bay's volatility.| Risk Adjusted Performance | 0.0237 | |||
| Jensen Alpha | 0.1217 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.18) |
Fortune Bay Corp Backtested Returns
At this stage we consider Fortune Stock to be out of control. Fortune Bay Corp secures Sharpe Ratio (or Efficiency) of 0.0072, which denotes the company had a 0.0072% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fortune Bay Corp, which you can use to evaluate the volatility of the firm. Please confirm Fortune Bay's Downside Deviation of 6.12, mean deviation of 2.75, and Coefficient Of Variation of 4723.57 to check if the risk estimate we provide is consistent with the expected return of 0.0312%. The firm shows a Beta (market volatility) of -0.45, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Fortune Bay are expected to decrease at a much lower rate. During the bear market, Fortune Bay is likely to outperform the market. Fortune Bay Corp right now shows a risk of 4.33%. Please confirm Fortune Bay Corp maximum drawdown and the relationship between the semi variance and price action indicator , to decide if Fortune Bay Corp will be following its price patterns.
Auto-correlation | -0.83 |
Excellent reverse predictability
Fortune Bay Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Fortune Bay time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Fortune Bay Corp price movement. The serial correlation of -0.83 indicates that around 83.0% of current Fortune Bay price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fortune Bay Corp lagged returns against current returns
Autocorrelation, which is Fortune Bay 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 Bay's stock expected returns. We can calculate the autocorrelation of Fortune Bay returns to help us make a trade decision. For example, suppose you find that Fortune Bay 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 Bay 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 Bay stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortune Bay stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortune Bay stock over time.
Current vs Lagged Prices |
| Timeline |
Fortune Bay Lagged Returns
When evaluating Fortune Bay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortune Bay stock have on its future price. Fortune Bay 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 Bay autocorrelation shows the relationship between Fortune Bay stock current value and its past values and can show if there is a momentum factor associated with investing in Fortune Bay Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Fortune Stock Analysis
When running Fortune Bay's price analysis, check to measure Fortune Bay's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortune Bay is operating at the current time. Most of Fortune Bay's value examination focuses on studying past and present price action to predict the probability of Fortune Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortune Bay's price. Additionally, you may evaluate how the addition of Fortune Bay to your portfolios can decrease your overall portfolio volatility.