Franco Nevada (Germany) Market Value
| 3FO Stock | EUR 115.50 0.55 0.47% |
| Symbol | Franco |
Franco Nevada '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 Franco Nevada's 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 Franco Nevada.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Franco Nevada on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Franco Nevada or generate 0.0% return on investment in Franco Nevada over 30 days. Franco Nevada is related to or competes with Charter Communications, Caseys General, Vastned Retail, National Retail, INTERSHOP Communications, Ribbon Communications, and Costco Wholesale. Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Pe... More
Franco Nevada 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 Franco Nevada's 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 Franco Nevada upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.8 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.84 |
Franco Nevada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franco Nevada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franco Nevada's standard deviation. In reality, there are many statistical measures that can use Franco Nevada historical prices to predict the future Franco Nevada's volatility.| Risk Adjusted Performance | 0.0459 | |||
| Jensen Alpha | 0.054 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.369 |
Franco Nevada Backtested Returns
At this point, Franco Nevada is very steady. Franco Nevada secures Sharpe Ratio (or Efficiency) of 0.0473, which denotes the company had a 0.0473% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Franco Nevada, which you can use to evaluate the volatility of the firm. Please confirm Franco Nevada's Mean Deviation of 1.29, semi deviation of 1.5, and Downside Deviation of 1.58 to check if the risk estimate we provide is consistent with the expected return of 0.0797%. Franco Nevada has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, Franco Nevada's returns are expected to increase less than the market. However, during the bear market, the loss of holding Franco Nevada is expected to be smaller as well. Franco Nevada right now shows a risk of 1.69%. Please confirm Franco Nevada semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Franco Nevada will be following its price patterns.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Franco Nevada has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Franco Nevada time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Franco Nevada price movement. The serial correlation of -0.71 indicates that around 71.0% of current Franco Nevada price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 12.99 |
Franco Nevada lagged returns against current returns
Autocorrelation, which is Franco Nevada 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 Franco Nevada's stock expected returns. We can calculate the autocorrelation of Franco Nevada returns to help us make a trade decision. For example, suppose you find that Franco Nevada 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 |
Franco Nevada 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 Franco Nevada stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franco Nevada stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franco Nevada stock over time.
Current vs Lagged Prices |
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Franco Nevada Lagged Returns
When evaluating Franco Nevada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franco Nevada stock have on its future price. Franco Nevada 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, Franco Nevada autocorrelation shows the relationship between Franco Nevada stock current value and its past values and can show if there is a momentum factor associated with investing in Franco Nevada.
Regressed Prices |
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Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Franco Stock
When determining whether Franco Nevada is a strong investment it is important to analyze Franco Nevada's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Franco Nevada's future performance. For an informed investment choice regarding Franco Stock, refer to the following important reports:Check out Franco Nevada Correlation, Franco Nevada Volatility and Franco Nevada Alpha and Beta module to complement your research on Franco Nevada. For more detail on how to invest in Franco Stock please use our How to Invest in Franco Nevada guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Franco Nevada technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.