Fpx Nickel Corp Stock Market Value
| FPX Stock | CAD 0.24 0.01 4.00% |
| Symbol | FPX |
FPX Nickel Corp Price To Book Ratio
FPX Nickel '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 FPX Nickel'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 FPX Nickel.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in FPX Nickel on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding FPX Nickel Corp or generate 0.0% return on investment in FPX Nickel over 720 days. FPX Nickel is related to or competes with Medical Facilities, CI Financial, Toronto Dominion, National Bank, and Profound Medical. FPX Nickel Corp. engages in the acquisition, exploration, and development of mineral properties More
FPX Nickel 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 FPX Nickel'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 FPX Nickel Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 21.43 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 4.0 |
FPX Nickel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FPX Nickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FPX Nickel's standard deviation. In reality, there are many statistical measures that can use FPX Nickel historical prices to predict the future FPX Nickel's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | 5.39 |
FPX Nickel Corp Backtested Returns
FPX Nickel Corp secures Sharpe Ratio (or Efficiency) of -0.0302, which denotes the company had a -0.0302% return per unit of volatility over the last 3 months. FPX Nickel Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FPX Nickel's Mean Deviation of 2.39, market risk adjusted performance of 5.4, and Standard Deviation of 3.73 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0225, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FPX Nickel are expected to decrease at a much lower rate. During the bear market, FPX Nickel is likely to outperform the market. At this point, FPX Nickel Corp has a negative expected return of -0.11%. Please make sure to confirm FPX Nickel's value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if FPX Nickel Corp performance from the past will be repeated at future time.
Auto-correlation | 0.50 |
Modest predictability
FPX Nickel Corp has modest predictability. Overlapping area represents the amount of predictability between FPX Nickel time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 FPX Nickel Corp price movement. The serial correlation of 0.5 indicates that about 50.0% of current FPX Nickel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
FPX Nickel Corp lagged returns against current returns
Autocorrelation, which is FPX Nickel 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 FPX Nickel's stock expected returns. We can calculate the autocorrelation of FPX Nickel returns to help us make a trade decision. For example, suppose you find that FPX Nickel 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 |
FPX Nickel 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 FPX Nickel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FPX Nickel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FPX Nickel stock over time.
Current vs Lagged Prices |
| Timeline |
FPX Nickel Lagged Returns
When evaluating FPX Nickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FPX Nickel stock have on its future price. FPX Nickel 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, FPX Nickel autocorrelation shows the relationship between FPX Nickel stock current value and its past values and can show if there is a momentum factor associated with investing in FPX Nickel Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for FPX Stock Analysis
When running FPX Nickel's price analysis, check to measure FPX Nickel'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 FPX Nickel is operating at the current time. Most of FPX Nickel's value examination focuses on studying past and present price action to predict the probability of FPX Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FPX Nickel's price. Additionally, you may evaluate how the addition of FPX Nickel to your portfolios can decrease your overall portfolio volatility.