First Mining Gold Stock Market Value
| FFMGF Stock | USD 0.1 0 3.26% |
| Symbol | First |
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 otc 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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in First Mining on October 30, 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 Aurion Resources, Orezone Gold, Rio2, Norsemont Mining, Bluestone Resources, Gander Gold, and Bonterra Resources. 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 otc 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 | 5.99 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 29.09 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
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 | 0.0156 | |||
| Jensen Alpha | 0.1347 | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.04) |
First Mining Gold Backtested Returns
At this point, First Mining is out of control. First Mining Gold secures Sharpe Ratio (or Efficiency) of 0.0134, which denotes the company had a 0.0134% return per unit of risk over the last 3 months. We have found twenty-nine 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 2.67, coefficient of variation of 10875.16, and Downside Deviation of 5.99 to check if the risk estimate we provide is consistent with the expected return of 0.067%. First Mining has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.84, 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 4.98%. Please confirm First Mining Gold expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if First Mining Gold will be following its price patterns.
Auto-correlation | 0.76 |
Good predictability
First Mining Gold has good predictability. Overlapping area represents the amount of predictability between First Mining time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 0.76 indicates that around 76.0% of current First Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
First Mining Gold lagged returns against current returns
Autocorrelation, which is First Mining otc 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 otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Mining otc 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 otc 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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in First OTC Stock
First Mining financial ratios help investors to determine whether First OTC 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.