Frontera Energy Corp Stock Market Value
| FEC Stock | CAD 8.25 0.27 3.38% |
| Symbol | Frontera |
Frontera Energy Corp Price To Book Ratio
Frontera Energy '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 Frontera Energy'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 Frontera Energy.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Frontera Energy on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Frontera Energy Corp or generate 0.0% return on investment in Frontera Energy over 30 days. Frontera Energy is related to or competes with CGX Energy, Parex Resources, Gran Tierra, Secure Energy, and Africa Oil. Frontera Energy Corporation explores for, develops, and produces crude oil and natural gas in South America More
Frontera Energy 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 Frontera Energy'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 Frontera Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.09 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 3.38 |
Frontera Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Frontera Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Frontera Energy's standard deviation. In reality, there are many statistical measures that can use Frontera Energy historical prices to predict the future Frontera Energy's volatility.| Risk Adjusted Performance | 0.0231 | |||
| Jensen Alpha | 0.0029 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1309 |
Frontera Energy Corp Backtested Returns
As of now, Frontera Stock is somewhat reliable. Frontera Energy Corp secures Sharpe Ratio (or Efficiency) of 0.0487, which denotes the company had a 0.0487% return per unit of risk over the last 3 months. We have found thirty technical indicators for Frontera Energy Corp, which you can use to evaluate the volatility of the firm. Please confirm Frontera Energy's Mean Deviation of 1.69, coefficient of variation of 4613.26, and Downside Deviation of 1.87 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Frontera Energy has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Frontera Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Frontera Energy is expected to be smaller as well. Frontera Energy Corp right now shows a risk of 2.18%. Please confirm Frontera Energy Corp total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Frontera Energy Corp will be following its price patterns.
Auto-correlation | 0.71 |
Good predictability
Frontera Energy Corp has good predictability. Overlapping area represents the amount of predictability between Frontera Energy time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Frontera Energy Corp price movement. The serial correlation of 0.71 indicates that around 71.0% of current Frontera Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Frontera Energy Corp lagged returns against current returns
Autocorrelation, which is Frontera Energy 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 Frontera Energy's stock expected returns. We can calculate the autocorrelation of Frontera Energy returns to help us make a trade decision. For example, suppose you find that Frontera Energy 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 |
Frontera Energy 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 Frontera Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Frontera Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Frontera Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Frontera Energy Lagged Returns
When evaluating Frontera Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Frontera Energy stock have on its future price. Frontera Energy 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, Frontera Energy autocorrelation shows the relationship between Frontera Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Frontera Energy Corp.
Regressed Prices |
| Timeline |
Pair Trading with Frontera Energy
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 Frontera Energy 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 Frontera Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Frontera Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Frontera Energy 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 Frontera Energy - 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 Frontera Energy Corp to buy it.
The correlation of Frontera Energy 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 Frontera Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Frontera Energy 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 Frontera Energy 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 Frontera Stock
Frontera Energy financial ratios help investors to determine whether Frontera 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 Frontera with respect to the benefits of owning Frontera Energy security.