Finlay Minerals Stock Market Value
| FYL Stock | CAD 0.11 0.02 15.38% |
| Symbol | Finlay |
Finlay Minerals Price To Book Ratio
Finlay 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 Finlay Minerals' 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 Finlay Minerals.
| 01/01/2025 |
| 03/02/2025 |
If you would invest 0.00 in Finlay Minerals on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Finlay Minerals or generate 0.0% return on investment in Finlay Minerals over 60 days. Finlay Minerals is related to or competes with Highway 50. Finlay Minerals Ltd. engages in the acquisition and exploration of base and precious metal deposits in northern British ... More
Finlay 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 Finlay Minerals' 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 Finlay Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 22.31 | |||
| Information Ratio | 0.1676 | |||
| Maximum Drawdown | 175.0 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 50.0 |
Finlay Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Finlay Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Finlay Minerals' standard deviation. In reality, there are many statistical measures that can use Finlay Minerals historical prices to predict the future Finlay Minerals' volatility.| Risk Adjusted Performance | 0.1328 | |||
| Jensen Alpha | 4.15 | |||
| Total Risk Alpha | 4.94 | |||
| Sortino Ratio | 0.1876 | |||
| Treynor Ratio | (5.89) |
Finlay Minerals Backtested Returns
Finlay Minerals is out of control given 3 months investment horizon. Finlay Minerals secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17 % return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 4.44% are justified by taking the suggested risk. Use Finlay Minerals Mean Deviation of 13.42, coefficient of variation of 598.35, and Downside Deviation of 22.31 to evaluate company specific risk that cannot be diversified away. Finlay Minerals holds a performance score of 13 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.71, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Finlay Minerals are expected to decrease at a much lower rate. During the bear market, Finlay Minerals is likely to outperform the market. Use Finlay Minerals sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on Finlay Minerals.
Auto-correlation | 0.66 |
Good predictability
Finlay Minerals has good predictability. Overlapping area represents the amount of predictability between Finlay Minerals time series from 1st of January 2025 to 31st of January 2025 and 31st of January 2025 to 2nd of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Finlay Minerals price movement. The serial correlation of 0.66 indicates that around 66.0% of current Finlay Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Finlay Minerals lagged returns against current returns
Autocorrelation, which is Finlay Minerals 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 Finlay Minerals' stock expected returns. We can calculate the autocorrelation of Finlay Minerals returns to help us make a trade decision. For example, suppose you find that Finlay Minerals 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 |
Finlay 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 Finlay Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Finlay Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Finlay Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Finlay Minerals Lagged Returns
When evaluating Finlay Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Finlay Minerals stock have on its future price. Finlay 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, Finlay Minerals autocorrelation shows the relationship between Finlay Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Finlay Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Finlay Stock Analysis
When running Finlay Minerals' price analysis, check to measure Finlay Minerals' 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 Finlay Minerals is operating at the current time. Most of Finlay Minerals' value examination focuses on studying past and present price action to predict the probability of Finlay Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Finlay Minerals' price. Additionally, you may evaluate how the addition of Finlay Minerals to your portfolios can decrease your overall portfolio volatility.