Fortune Bay Corp Stock Market Value
| FTBYF Stock | USD 0.18 0.01 5.88% |
| Symbol | Fortune |
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 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 Fortune Bay.
| 06/14/2024 |
| 12/11/2024 |
If you would invest 0.00 in Fortune Bay on June 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 180 days. Fortune Bay is related to or competes with Atlas Corp, PureCycle Technologies, and GCM Grosvenor. 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 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 Fortune Bay Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.59 | |||
| Information Ratio | 0.024 | |||
| Maximum Drawdown | 41.67 | |||
| Value At Risk | (10.53) | |||
| Potential Upside | 10.53 |
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 | 0.0405 | |||
| Jensen Alpha | 0.3309 | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | 0.0157 | |||
| Treynor Ratio | (0.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fortune Bay'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.
Fortune Bay Corp Backtested Returns
Fortune Bay appears to be out of control, given 3 months investment horizon. Fortune Bay Corp secures Sharpe Ratio (or Efficiency) of 0.0445, which denotes the company had a 0.0445% 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 utilize Fortune Bay's Mean Deviation of 3.44, downside deviation of 9.59, and Coefficient Of Variation of 2279.24 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fortune Bay holds a performance score of 3. The firm shows a Beta (market volatility) of -0.57, 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. Please check Fortune Bay's value at risk, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Fortune Bay's price patterns will revert.
Auto-correlation | 0.11 |
Insignificant predictability
Fortune Bay Corp has insignificant predictability. Overlapping area represents the amount of predictability between Fortune Bay time series from 14th of June 2024 to 12th of September 2024 and 12th of September 2024 to 11th 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 0.11 indicates that less than 11.0% of current Fortune Bay price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fortune Bay Corp lagged returns against current returns
Autocorrelation, which is Fortune Bay 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 Fortune Bay's otc 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 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 |
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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortune Bay otc 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 otc 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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Fortune OTC Stock
Fortune Bay financial ratios help investors to determine whether Fortune OTC 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 Fortune with respect to the benefits of owning Fortune Bay security.