Fjordland Exploration Stock Market Value
| FEX Stock | CAD 0.01 0.00 0.00% |
| Symbol | Fjordland |
Fjordland Exploration '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 Fjordland Exploration'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 Fjordland Exploration.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Fjordland Exploration on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Fjordland Exploration or generate 0.0% return on investment in Fjordland Exploration over 360 days. Fjordland Exploration is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Fjordland Exploration Inc., an exploration stage company, acquires and explores for mineral properties in Canada More
Fjordland Exploration 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 Fjordland Exploration'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 Fjordland Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0562 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) |
Fjordland Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fjordland Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fjordland Exploration's standard deviation. In reality, there are many statistical measures that can use Fjordland Exploration historical prices to predict the future Fjordland Exploration's volatility.| Risk Adjusted Performance | 0.0564 | |||
| Jensen Alpha | 2.6 | |||
| Total Risk Alpha | (2.20) | |||
| Treynor Ratio | (0.16) |
Fjordland Exploration Backtested Returns
Fjordland Exploration is out of control given 3 months investment horizon. Fjordland Exploration secures Sharpe Ratio (or Efficiency) of 0.0626, which denotes the company had a 0.0626% return per unit of risk over the last 3 months. We were able to interpolate seventeen different technical indicators, which can help you to evaluate if expected returns of 1.59% are justified by taking the suggested risk. Use Fjordland Exploration Variance of 613.05, standard deviation of 24.76, and Mean Deviation of 8.95 to evaluate company specific risk that cannot be diversified away. Fjordland Exploration holds a performance score of 4 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -9.57, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Fjordland Exploration are expected to decrease by larger amounts. On the other hand, during market turmoil, Fjordland Exploration is expected to outperform it. Use Fjordland Exploration variance, value at risk, as well as the relationship between the Value At Risk and day median price , to analyze future returns on Fjordland Exploration.
Auto-correlation | 0.09 |
Virtually no predictability
Fjordland Exploration has virtually no predictability. Overlapping area represents the amount of predictability between Fjordland Exploration time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 Fjordland Exploration price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Fjordland Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fjordland Exploration lagged returns against current returns
Autocorrelation, which is Fjordland Exploration 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 Fjordland Exploration's stock expected returns. We can calculate the autocorrelation of Fjordland Exploration returns to help us make a trade decision. For example, suppose you find that Fjordland Exploration 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 |
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Fjordland Exploration 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 Fjordland Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fjordland Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fjordland Exploration stock over time.
Current vs Lagged Prices |
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Fjordland Exploration Lagged Returns
When evaluating Fjordland Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fjordland Exploration stock have on its future price. Fjordland Exploration 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, Fjordland Exploration autocorrelation shows the relationship between Fjordland Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in Fjordland Exploration.
Regressed Prices |
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Additional Tools for Fjordland Stock Analysis
When running Fjordland Exploration's price analysis, check to measure Fjordland Exploration's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fjordland Exploration is operating at the current time. Most of Fjordland Exploration's value examination focuses on studying past and present price action to predict the probability of Fjordland Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fjordland Exploration's price. Additionally, you may evaluate how the addition of Fjordland Exploration to your portfolios can decrease your overall portfolio volatility.