FireFly Metals to acquire land from Gold Hunter in Canada - Mining Technology
| FFM Stock | 0.90 0.03 3.23% |
Slightly above 62% of FireFly Metals' investor base is looking to short. The current sentiment regarding investing in FireFly Metals stock implies that many traders are alarmed. FireFly Metals' investing sentiment can be driven by a variety of factors including economic data, FireFly Metals' earnings reports, geopolitical events, and overall market trends.
FireFly |
FireFly Metals to acquire land from Gold Hunter in Canada Mining Technology
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FireFly Metals Fundamental Analysis
We analyze FireFly Metals' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of FireFly Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of FireFly Metals based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
FireFly Metals is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
FireFly Metals Potential Pair-trading
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 FireFly Metals stock to make a market-neutral strategy. Peer analysis of FireFly Metals could also be used in its relative valuation, which is a method of valuing FireFly Metals by comparing valuation metrics with similar companies.
Peers
FireFly Metals Related Equities
| MVP | Medical Developments | 5.00 | ||||
| MFD | Mayfield Childcare | 2.27 |
Additional Tools for FireFly Stock Analysis
When running FireFly Metals' price analysis, check to measure FireFly Metals' 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 FireFly Metals is operating at the current time. Most of FireFly Metals' value examination focuses on studying past and present price action to predict the probability of FireFly Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FireFly Metals' price. Additionally, you may evaluate how the addition of FireFly Metals to your portfolios can decrease your overall portfolio volatility.