Fernhill Corp Stock Market Value
| FERN Stock | USD 0.0008 0.0001 11.11% |
| Symbol | Fernhill |
Fernhill Corp '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 Fernhill Corp'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 Fernhill Corp.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Fernhill Corp on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Fernhill Corp or generate 0.0% return on investment in Fernhill Corp over 720 days. Fernhill Corp is related to or competes with Salesforce, S A P, ServiceNow, Intuit, Uber Technologies, Shopify, and Applovin Corp. Fernhill Corp, a Web3 holding company, focuses on developing and acquiring software companies in crypto currency mining,... More
Fernhill Corp 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 Fernhill Corp'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 Fernhill Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.06 | |||
| Information Ratio | 0.0016 | |||
| Maximum Drawdown | 36.11 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 12.5 |
Fernhill Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fernhill Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fernhill Corp's standard deviation. In reality, there are many statistical measures that can use Fernhill Corp historical prices to predict the future Fernhill Corp's volatility.| Risk Adjusted Performance | 0.0208 | |||
| Jensen Alpha | 0.0498 | |||
| Total Risk Alpha | (0.92) | |||
| Sortino Ratio | 0.0011 | |||
| Treynor Ratio | 0.179 |
Fernhill Corp Backtested Returns
Fernhill Corp secures Sharpe Ratio (or Efficiency) of -0.006, which denotes the company had a -0.006% return per unit of risk over the last 3 months. Fernhill Corp exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fernhill Corp's Coefficient Of Variation of 6464.18, downside deviation of 11.06, and Mean Deviation of 5.04 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.63, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fernhill Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fernhill Corp is expected to be smaller as well. At this point, Fernhill Corp has a negative expected return of -0.0477%. Please make sure to confirm Fernhill Corp's value at risk, as well as the relationship between the skewness and day typical price , to decide if Fernhill Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Fernhill Corp has insignificant predictability. Overlapping area represents the amount of predictability between Fernhill Corp time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Fernhill Corp price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Fernhill Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fernhill Corp lagged returns against current returns
Autocorrelation, which is Fernhill Corp 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 Fernhill Corp's pink sheet expected returns. We can calculate the autocorrelation of Fernhill Corp returns to help us make a trade decision. For example, suppose you find that Fernhill Corp 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 |
Fernhill Corp 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 Fernhill Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fernhill Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fernhill Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Fernhill Corp Lagged Returns
When evaluating Fernhill Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fernhill Corp pink sheet have on its future price. Fernhill Corp 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, Fernhill Corp autocorrelation shows the relationship between Fernhill Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Fernhill Corp.
Regressed Prices |
| Timeline |
Pair Trading with Fernhill Corp
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 Fernhill Corp 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 Fernhill Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Fernhill Pink Sheet
| 0.63 | APLD | Applied Blockchain Trending | PairCorr |
| 0.56 | SAPGF | SAP SE | PairCorr |
| 0.55 | SAP | SAP SE ADR Fiscal Year End 28th of January 2025 | PairCorr |
| 0.47 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.46 | NOW | ServiceNow Fiscal Year End 22nd of January 2025 | PairCorr |
The ability to find closely correlated positions to Fernhill Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fernhill Corp 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 Fernhill Corp - 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 Fernhill Corp to buy it.
The correlation of Fernhill Corp 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 Fernhill Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fernhill 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 Fernhill Corp 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 Fernhill Pink Sheet
Fernhill Corp financial ratios help investors to determine whether Fernhill 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 Fernhill with respect to the benefits of owning Fernhill Corp security.