Fredonia Mining Stock Market Value
| FRED Stock | 0.28 0.02 6.67% |
| Symbol | Fredonia |
Fredonia 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 Fredonia 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 Fredonia Mining.
| 06/23/2024 |
| 12/20/2024 |
If you would invest 0.00 in Fredonia Mining on June 23, 2024 and sell it all today you would earn a total of 0.00 from holding Fredonia Mining or generate 0.0% return on investment in Fredonia Mining over 180 days. Fredonia Mining is related to or competes with Strikepoint Gold, Eskay Mining, and Stillwater Critical. Fredonia Mining is entity of Canada. It is traded as Stock on V exchange. More
Fredonia 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 Fredonia 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 Fredonia Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.24 | |||
| Information Ratio | 0.1471 | |||
| Maximum Drawdown | 51.32 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 20.0 |
Fredonia Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fredonia Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fredonia Mining's standard deviation. In reality, there are many statistical measures that can use Fredonia Mining historical prices to predict the future Fredonia Mining's volatility.| Risk Adjusted Performance | 0.1289 | |||
| Jensen Alpha | 1.32 | |||
| Total Risk Alpha | 1.06 | |||
| Sortino Ratio | 0.1057 | |||
| Treynor Ratio | (8.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fredonia Mining's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fredonia Mining Backtested Returns
Fredonia Mining is out of control given 3 months investment horizon. Fredonia Mining secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use Fredonia Mining Mean Deviation of 5.92, downside deviation of 12.24, and Coefficient Of Variation of 662.78 to evaluate company specific risk that cannot be diversified away. Fredonia Mining holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fredonia Mining are expected to decrease at a much lower rate. During the bear market, Fredonia Mining is likely to outperform the market. Use Fredonia Mining coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to analyze future returns on Fredonia Mining.
Auto-correlation | -0.46 |
Modest reverse predictability
Fredonia Mining has modest reverse predictability. Overlapping area represents the amount of predictability between Fredonia Mining time series from 23rd of June 2024 to 21st of September 2024 and 21st of September 2024 to 20th 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 Fredonia Mining price movement. The serial correlation of -0.46 indicates that about 46.0% of current Fredonia Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Fredonia Mining lagged returns against current returns
Autocorrelation, which is Fredonia 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 Fredonia Mining's stock expected returns. We can calculate the autocorrelation of Fredonia Mining returns to help us make a trade decision. For example, suppose you find that Fredonia 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 |
Fredonia 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 Fredonia Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fredonia Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fredonia Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Fredonia Mining Lagged Returns
When evaluating Fredonia Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fredonia Mining stock have on its future price. Fredonia 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, Fredonia Mining autocorrelation shows the relationship between Fredonia Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Fredonia Mining.
Regressed Prices |
| Timeline |
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Additional Tools for Fredonia Stock Analysis
When running Fredonia Mining's price analysis, check to measure Fredonia Mining'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 Fredonia Mining is operating at the current time. Most of Fredonia Mining's value examination focuses on studying past and present price action to predict the probability of Fredonia Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fredonia Mining's price. Additionally, you may evaluate how the addition of Fredonia Mining to your portfolios can decrease your overall portfolio volatility.