Firefox Gold Corp Stock Market Value
| FFOXF Stock | USD 0.03 0.0009 3.38% |
| Symbol | FireFox |
FireFox Gold '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 FireFox Gold'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 FireFox Gold.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in FireFox Gold on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding FireFox Gold Corp or generate 0.0% return on investment in FireFox Gold over 360 days. FireFox Gold is related to or competes with Norsemont Mining, and Vior. FireFox Gold Corp. engages in the exploration and development of gold deposits in Finland More
FireFox Gold 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 FireFox Gold'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 FireFox Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 35.38 | |||
| Value At Risk | (11.43) | |||
| Potential Upside | 11.07 |
FireFox Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FireFox Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FireFox Gold's standard deviation. In reality, there are many statistical measures that can use FireFox Gold historical prices to predict the future FireFox Gold's volatility.| Risk Adjusted Performance | 0.0054 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (1.15) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FireFox Gold'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.
FireFox Gold Corp Backtested Returns
FireFox Gold Corp secures Sharpe Ratio (or Efficiency) of -0.0046, which denotes the company had a -0.0046% return per unit of risk over the last 3 months. FireFox Gold Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FireFox Gold's Variance of 49.71, standard deviation of 7.05, and Mean Deviation of 4.95 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.69, which means possible diversification benefits within a given portfolio. As returns on the market increase, FireFox Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding FireFox Gold is expected to be smaller as well. At this point, FireFox Gold Corp has a negative expected return of -0.0322%. Please make sure to confirm FireFox Gold's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if FireFox Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
FireFox Gold Corp has poor reverse predictability. Overlapping area represents the amount of predictability between FireFox Gold time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 FireFox Gold Corp price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current FireFox Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
FireFox Gold Corp lagged returns against current returns
Autocorrelation, which is FireFox Gold 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 FireFox Gold's otc stock expected returns. We can calculate the autocorrelation of FireFox Gold returns to help us make a trade decision. For example, suppose you find that FireFox Gold 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 |
FireFox Gold 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 FireFox Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FireFox Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FireFox Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
FireFox Gold Lagged Returns
When evaluating FireFox Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FireFox Gold otc stock have on its future price. FireFox Gold 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, FireFox Gold autocorrelation shows the relationship between FireFox Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in FireFox Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in FireFox OTC Stock
FireFox Gold financial ratios help investors to determine whether FireFox 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 FireFox with respect to the benefits of owning FireFox Gold security.