Fortitude Gold Corp Stock Price Patterns
| FTCO Stock | USD 5.51 0.37 6.29% |
Momentum 65
Buy Extended
Oversold | Overbought |
It is a matter of debate whether otc price prediction based on information in financial news can generate trading signals. We use our internally-built news screening methodology to estimate the value of Fortitude Gold based on different types of headlines from major news networks to social media. Using Fortitude Gold hype-based prediction, you can estimate the value of Fortitude Gold Corp from the perspective of Fortitude Gold response to recently generated media hype and the effects of current headlines on its competitors.
This module is based on analyzing investor sentiment around taking a position in Fortitude Gold. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Fortitude Gold to buy its otc stock at a price that has no basis in reality. In that case, they are not buying Fortitude because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell otc stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Fortitude Gold after-hype prediction price | USD 5.51 |
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 otc price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Fortitude |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fortitude Gold'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.
Fortitude Gold After-Hype Price Density Analysis
As far as predicting the price of Fortitude 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 Fortitude 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 OTC Stock prices, such as prices of Fortitude Gold, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Fortitude Gold Estimiated After-Hype Price Volatility
In the context of predicting Fortitude Gold's otc stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Fortitude Gold's historical news coverage. Fortitude Gold's after-hype downside and upside margins for the prediction period are 2.82 and 8.20, respectively. We have considered Fortitude 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
Fortitude Gold is slightly risky at this time. Analysis and calculation of next after-hype price of Fortitude Gold Corp is based on 3 months time horizon.
Fortitude Gold OTC Stock Price Outlook Analysis
Have you ever been surprised when a price of a OTC Stock such as Fortitude Gold is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Fortitude 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 OTC 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 Fortitude 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 |
0.56 | 2.69 | 0.00 | 0.35 | 0 Events / Month | 3 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
5.51 | 5.51 | 0.00 |
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Fortitude Gold Hype Timeline
Fortitude Gold Corp is currently traded for 5.51. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.35. Fortitude is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at 0.56%. %. The volatility of related hype on Fortitude Gold is about 434.57%, with the expected price after the next announcement by competition of 5.86. About 13.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.19. Some equities with similar Price to Book (P/B) outperform the market in the long run. Fortitude Gold Corp last dividend was issued on the 16th of February 2023. Given the investment horizon of 90 days the next forecasted press release will be in a few days. Check out Fortitude Gold Basic Forecasting Models to cross-verify your projections.Fortitude Gold Related Hype Analysis
Having access to credible news sources related to Fortitude Gold's direct competition is more important than ever and may enhance your ability to predict Fortitude Gold's future price movements. Getting to know how Fortitude 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 Fortitude Gold may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| AUGG | Augusta Gold Corp | 0.00 | 0 per month | 0.61 | (0.04) | 1.67 | (0.83) | 4.11 | |
| STRRF | Satori Resources | 0.00 | 0 per month | 3.20 | 0.12 | 10.26 | (8.51) | 36.44 | |
| VRDR | Verde Resources | (0.09) | 4 per month | 0.00 | (0.18) | 8.43 | (11.11) | 25.38 | |
| OROXF | Orosur Mining | 0.00 | 0 per month | 7.26 | 0.15 | 17.24 | (11.11) | 45.45 | |
| FFOXF | FireFox Gold Corp | 0.00 | 0 per month | 4.36 | (0) | 10.34 | (8.11) | 24.77 | |
| PAFRY | Pan African Resources | (0.09) | 4 per month | 1.43 | 0.16 | 8.15 | (3.72) | 34.56 | |
| SNGCF | Sanu Gold Corp | 0.00 | 0 per month | 3.36 | (0.01) | 5.56 | (5.26) | 21.11 | |
| XTGRF | Xtra Gold Resources Corp | 6.37 | 17 per month | 2.66 | 0.04 | 3.18 | (4.80) | 15.39 | |
| MMRGF | Minaurum Gold | 0.00 | 0 per month | 5.75 | 0.13 | 13.51 | (9.09) | 34.85 | |
| CBGZF | Cabral Gold | 0.00 | 0 per month | 2.99 | 0.08 | 8.89 | (5.13) | 18.55 |
Fortitude Gold Additional Predictive Modules
Most predictive techniques to examine Fortitude price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Fortitude using various technical indicators. When you analyze Fortitude 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 |
About Fortitude Gold Predictive Indicators
The successful prediction of Fortitude Gold stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Fortitude Gold Corp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Fortitude Gold based on analysis of Fortitude Gold hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Fortitude Gold's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Fortitude Gold's related companies.
Pair Trading with Fortitude Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortitude Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortitude Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Fortitude OTC Stock
| 0.75 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.87 | AEM | Agnico Eagle Mines | PairCorr |
| 0.77 | WPM | Wheaton Precious Metals | PairCorr |
| 0.71 | AU | AngloGold Ashanti plc | PairCorr |
| 0.85 | ZIJMY | Zijin Mining Group | PairCorr |
| 0.87 | ZIJMF | Zijin Mining Group | PairCorr |
Moving against Fortitude OTC Stock
The ability to find closely correlated positions to Fortitude Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortitude Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fortitude Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fortitude Gold Corp to buy it.
The correlation of Fortitude Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortitude Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortitude Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fortitude Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Fortitude OTC Stock
Fortitude Gold financial ratios help investors to determine whether Fortitude 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 Fortitude with respect to the benefits of owning Fortitude Gold security.