Far Limited Stock Market Value
| FARYF Stock | USD 0.29 0.02 6.45% |
| Symbol | FAR |
FAR '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 FAR's pink sheet 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 FAR.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in FAR on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding FAR Limited or generate 0.0% return on investment in FAR over 720 days. FAR is related to or competes with Petrus Resources, Epsilon Energy, Questerre Energy, PetroShale, Evolution Petroleum, GeoPark, and Granite Ridge. FAR Limited operates as an oil and gas exploration and development company with primary assets in West Africa and Austra... More
FAR 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 FAR's pink sheet 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 FAR Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 43.8 |
FAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FAR's standard deviation. In reality, there are many statistical measures that can use FAR historical prices to predict the future FAR's volatility.| Risk Adjusted Performance | 0.023 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 0.1112 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FAR'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.
FAR Limited Backtested Returns
FAR Limited secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of volatility over the last 3 months. FAR Limited exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FAR's Standard Deviation of 4.21, market risk adjusted performance of 0.1212, and Mean Deviation of 1.04 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.64, which means possible diversification benefits within a given portfolio. As returns on the market increase, FAR's returns are expected to increase less than the market. However, during the bear market, the loss of holding FAR is expected to be smaller as well. At this point, FAR Limited has a negative expected return of -0.34%. Please make sure to confirm FAR's jensen alpha, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to decide if FAR Limited performance from the past will be repeated in the future.
Auto-correlation | 0.63 |
Good predictability
FAR Limited has good predictability. Overlapping area represents the amount of predictability between FAR time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 FAR Limited price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current FAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
FAR Limited lagged returns against current returns
Autocorrelation, which is FAR pink sheet'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 FAR's pink sheet expected returns. We can calculate the autocorrelation of FAR returns to help us make a trade decision. For example, suppose you find that FAR has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
FAR 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 FAR pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FAR pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FAR pink sheet over time.
Current vs Lagged Prices |
| Timeline |
FAR Lagged Returns
When evaluating FAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FAR pink sheet have on its future price. FAR 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, FAR autocorrelation shows the relationship between FAR pink sheet current value and its past values and can show if there is a momentum factor associated with investing in FAR Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in FAR Pink Sheet
FAR financial ratios help investors to determine whether FAR Pink Sheet 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 FAR with respect to the benefits of owning FAR security.