Foraco International Sa Stock Market Value
| FAR Stock | CAD 2.11 0.04 1.86% |
| Symbol | Foraco |
Foraco International Price To Book Ratio
Foraco International '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 Foraco International'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 Foraco International.
| 05/08/2023 |
| 11/28/2024 |
If you would invest 0.00 in Foraco International on May 8, 2023 and sell it all today you would earn a total of 0.00 from holding Foraco International SA or generate 0.0% return on investment in Foraco International over 570 days. Foraco International is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Foraco International SA provides drilling services to mining and water projects worldwide More
Foraco International 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 Foraco International'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 Foraco International SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.27 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 5.47 |
Foraco International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foraco International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foraco International's standard deviation. In reality, there are many statistical measures that can use Foraco International historical prices to predict the future Foraco International's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.24) |
Foraco International Backtested Returns
Foraco International secures Sharpe Ratio (or Efficiency) of -0.034, which denotes the company had a -0.034% return per unit of risk over the last 3 months. Foraco International SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Foraco International's Variance of 9.23, mean deviation of 2.31, and Standard Deviation of 3.04 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.65, which means possible diversification benefits within a given portfolio. As returns on the market increase, Foraco International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Foraco International is expected to be smaller as well. At this point, Foraco International has a negative expected return of -0.11%. Please make sure to confirm Foraco International's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Foraco International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Foraco International SA has good reverse predictability. Overlapping area represents the amount of predictability between Foraco International time series from 8th of May 2023 to 17th of February 2024 and 17th of February 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 Foraco International price movement. The serial correlation of -0.54 indicates that about 54.0% of current Foraco International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Foraco International lagged returns against current returns
Autocorrelation, which is Foraco International 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 Foraco International's stock expected returns. We can calculate the autocorrelation of Foraco International returns to help us make a trade decision. For example, suppose you find that Foraco International 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 |
Foraco International 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 Foraco International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foraco International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foraco International stock over time.
Current vs Lagged Prices |
| Timeline |
Foraco International Lagged Returns
When evaluating Foraco International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foraco International stock have on its future price. Foraco International 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, Foraco International autocorrelation shows the relationship between Foraco International stock current value and its past values and can show if there is a momentum factor associated with investing in Foraco International SA.
Regressed Prices |
| Timeline |
Pair Trading with Foraco International
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 Foraco International 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 Foraco International will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Foraco International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foraco International 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 Foraco International - 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 Foraco International SA to buy it.
The correlation of Foraco International 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 Foraco International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foraco International 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 Foraco International 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 Foraco Stock
Foraco International financial ratios help investors to determine whether Foraco 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 Foraco with respect to the benefits of owning Foraco International security.