First Mining Gold Stock Market Value
| FF Stock | CAD 0.13 0.01 7.14% |
| Symbol | First |
First Mining Gold Price To Book Ratio
First Mining '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 First Mining'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 First Mining.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in First Mining on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding First Mining Gold or generate 0.0% return on investment in First Mining over 30 days. First Mining is related to or competes with White Gold, and GoldMining. First Mining Gold Corp. develops and explores for gold projects More
First Mining 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 First Mining'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 First Mining Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.45 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.69 |
First Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Mining's standard deviation. In reality, there are many statistical measures that can use First Mining historical prices to predict the future First Mining's volatility.| Risk Adjusted Performance | 0.0103 | |||
| Jensen Alpha | 0.0384 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Mining'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.
First Mining Gold Backtested Returns
As of now, First Stock is out of control. First Mining Gold secures Sharpe Ratio (or Efficiency) of 0.0024, which denotes the company had a 0.0024% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for First Mining Gold, which you can use to evaluate the volatility of the firm. Please confirm First Mining's Mean Deviation of 2.62, coefficient of variation of 42429.79, and Downside Deviation of 9.45 to check if the risk estimate we provide is consistent with the expected return of 0.0124%. The firm shows a Beta (market volatility) of -0.3, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning First Mining are expected to decrease at a much lower rate. During the bear market, First Mining is likely to outperform the market. First Mining Gold right now shows a risk of 5.13%. Please confirm First Mining Gold value at risk, as well as the relationship between the skewness and day typical price , to decide if First Mining Gold will be following its price patterns.
Auto-correlation | 0.20 |
Weak predictability
First Mining Gold has weak predictability. Overlapping area represents the amount of predictability between First Mining 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 First Mining Gold price movement. The serial correlation of 0.2 indicates that over 20.0% of current First Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
First Mining Gold lagged returns against current returns
Autocorrelation, which is First Mining 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 First Mining's stock expected returns. We can calculate the autocorrelation of First Mining returns to help us make a trade decision. For example, suppose you find that First Mining 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 |
First Mining 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 First Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Mining stock over time.
Current vs Lagged Prices |
| Timeline |
First Mining Lagged Returns
When evaluating First Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Mining stock have on its future price. First Mining 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, First Mining autocorrelation shows the relationship between First Mining stock current value and its past values and can show if there is a momentum factor associated with investing in First Mining Gold.
Regressed Prices |
| Timeline |
Other Information on Investing in First Stock
First Mining financial ratios help investors to determine whether First 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 First with respect to the benefits of owning First Mining security.