Fury Gold Stock Forward View
| FURY Stock | USD 0.75 0 0.27% |
Fury Stock outlook is based on your current time horizon.
At this time, The relative strength momentum indicator of Fury Gold's share price is at 54. This usually indicates that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Fury Gold, making its price go up or down. Momentum 54
Impartial
Oversold | Overbought |
EPS Estimate Current Year (0.09) | EPS Estimate Next Year (0.05) | Wall Street Target Price 1.4461 |
Using Fury Gold hype-based prediction, you can estimate the value of Fury Gold Mines from the perspective of Fury Gold response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Fury Gold Mines on the next trading day is expected to be 0.77 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.93. Fury Gold after-hype prediction price | USD 0.76 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Fury Gold to cross-verify your projections. Fury Gold Additional Predictive Modules
Most predictive techniques to examine Fury price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Fury using various technical indicators. When you analyze Fury charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Fury Gold's financial statements to predict how it will affect future prices.
Cash | First Reported 2008-09-30 | Previous Quarter 8.6 M | Current Value 6.1 M | Quarterly Volatility 6.4 M |
Fury Gold Naive Prediction Price Forecast For the 4th of February
Given 90 days horizon, the Naive Prediction forecasted value of Fury Gold Mines on the next trading day is expected to be 0.77 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.93.Please note that although there have been many attempts to predict Fury Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Fury Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Fury Gold Stock Forecast Pattern
| Backtest Fury Gold | Fury Gold Price Prediction | Research Analysis |
Fury Gold Forecasted Value
In the context of forecasting Fury Gold's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Fury Gold's downside and upside margins for the forecasting period are 0.01 and 6.35, respectively. We have considered Fury Gold's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Fury Gold stock data series using in forecasting. Note that when a statistical model is used to represent Fury Gold stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 111.7236 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0317 |
| MAPE | Mean absolute percentage error | 0.0498 |
| SAE | Sum of the absolute errors | 1.9319 |
Predictive Modules for Fury Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fury Gold Mines. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Fury Gold After-Hype Price Density Analysis
As far as predicting the price of Fury Gold at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Fury Gold or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Fury Gold, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Fury Gold Estimiated After-Hype Price Volatility
In the context of predicting Fury Gold's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Fury Gold's historical news coverage. Fury Gold's after-hype downside and upside margins for the prediction period are 0.04 and 6.34, respectively. We have considered Fury Gold's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Fury Gold is abnormally volatile at this time. Analysis and calculation of next after-hype price of Fury Gold Mines is based on 3 months time horizon.
Fury Gold Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Fury Gold is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Fury Gold backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Fury Gold, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.69 | 5.58 | 0.01 | 0.08 | 9 Events / Month | 6 Events / Month | In about 9 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.75 | 0.76 | 1.06 |
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Fury Gold Hype Timeline
Fury Gold Mines is currently traded for 0.75. The entity has historical hype elasticity of 0.01, and average elasticity to hype of competition of -0.08. Fury is projected to increase in value after the next headline, with the price projected to jump to 0.76 or above. The average volatility of media hype impact on the company the price is over 100%. The price jump on the next news is forecasted to be 1.06%, whereas the daily expected return is currently at 0.69%. The volatility of related hype on Fury Gold is about 4769.23%, with the expected price after the next announcement by competition of 0.67. Net Loss for the year was (108.14 M) with loss before overhead, payroll, taxes, and interest of (156 K). Given the investment horizon of 90 days the next projected press release will be in about 9 days. Check out Historical Fundamental Analysis of Fury Gold to cross-verify your projections.Fury Gold Related Hype Analysis
Having access to credible news sources related to Fury Gold's direct competition is more important than ever and may enhance your ability to predict Fury Gold's future price movements. Getting to know how Fury Gold's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Fury Gold may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| GRO | Brazil Potash Corp | (0.10) | 9 per month | 0.00 | (0.03) | 6.50 | (7.21) | 22.72 | |
| FEAM | 5E Advanced Materials | 0.15 | 8 per month | 0.00 | (0.17) | 8.39 | (9.72) | 42.14 | |
| WWR | Westwater Resources | (0.06) | 7 per month | 0.00 | (0.07) | 11.82 | (11.02) | 28.86 | |
| AEC | Anfield Energy | (0.41) | 6 per month | 0.00 | (0.03) | 10.88 | (9.04) | 24.61 | |
| LGO | Largo Resources | 0.02 | 5 per month | 4.14 | 0.04 | 9.17 | (6.54) | 20.11 | |
| GORO | Gold Resource | (0.61) | 5 per month | 5.42 | 0.15 | 12.90 | (8.28) | 45.64 | |
| NEXM | NexMetals Mining Corp | (0.08) | 7 per month | 0.00 | (0.02) | 6.52 | (6.60) | 21.46 | |
| ATLX | Atlas Lithium | (0.05) | 8 per month | 5.52 | (0.0007) | 6.80 | (9.47) | 27.79 | |
| ORGN | Origin Materials | (0.02) | 7 per month | 0.00 | (0.32) | 6.82 | (8.70) | 22.98 | |
| NAMM | Namib Minerals Ordinary | (0.01) | 9 per month | 7.69 | 0.11 | 31.29 | (11.92) | 155.91 |
Other Forecasting Options for Fury Gold
For every potential investor in Fury, whether a beginner or expert, Fury Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fury Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fury. Basic forecasting techniques help filter out the noise by identifying Fury Gold's price trends.Fury Gold Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fury Gold stock to make a market-neutral strategy. Peer analysis of Fury Gold could also be used in its relative valuation, which is a method of valuing Fury Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fury Gold Market Strength Events
Market strength indicators help investors to evaluate how Fury Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fury Gold shares will generate the highest return on investment. By undertsting and applying Fury Gold stock market strength indicators, traders can identify Fury Gold Mines entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 0.75 | |||
| Day Typical Price | 0.75 | |||
| Price Action Indicator | 0.003 | |||
| Period Momentum Indicator | 0.002 | |||
| Relative Strength Index | 54.94 |
Fury Gold Risk Indicators
The analysis of Fury Gold's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Fury Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fury stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.89 | |||
| Semi Deviation | 4.35 | |||
| Standard Deviation | 5.45 | |||
| Variance | 29.67 | |||
| Downside Variance | 25.92 | |||
| Semi Variance | 18.92 | |||
| Expected Short fall | (4.94) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Fury Gold
The number of cover stories for Fury Gold depends on current market conditions and Fury Gold's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Fury Gold is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Fury Gold's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Fury Gold Short Properties
Fury Gold's future price predictability will typically decrease when Fury Gold's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Fury Gold Mines often depends not only on the future outlook of the potential Fury Gold's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Fury Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 149 M | |
| Cash And Short Term Investments | 9.3 M |
Additional Tools for Fury Stock Analysis
When running Fury Gold's price analysis, check to measure Fury Gold'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 Fury Gold is operating at the current time. Most of Fury Gold's value examination focuses on studying past and present price action to predict the probability of Fury Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fury Gold's price. Additionally, you may evaluate how the addition of Fury Gold to your portfolios can decrease your overall portfolio volatility.