Fg Acquisition Corp Stock Market Value
| FGAA-U Stock | 11.78 0.00 0.00% |
| Symbol | FGAA-U |
FG Acquisition '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 FG Acquisition'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 FG Acquisition.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in FG Acquisition on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding FG Acquisition Corp or generate 0.0% return on investment in FG Acquisition over 540 days. FG Acquisition is related to or competes with Northstar Clean, Hemisphere Energy, Profound Medical, Bird Construction, Calian Technologies, and Computer Modelling. FG Acquisition is entity of Canada. It is traded as Stock on TO exchange. More
FG Acquisition 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 FG Acquisition'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 FG Acquisition Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.24 | |||
| Potential Upside | 1.22 |
FG Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FG Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FG Acquisition's standard deviation. In reality, there are many statistical measures that can use FG Acquisition historical prices to predict the future FG Acquisition's volatility.| Risk Adjusted Performance | 0.1885 | |||
| Jensen Alpha | 0.1134 | |||
| Total Risk Alpha | 0.0326 | |||
| Treynor Ratio | 13.31 |
FG Acquisition Corp Backtested Returns
At this point, FG Acquisition is very steady. FG Acquisition Corp retains Efficiency (Sharpe Ratio) of 0.2, which denotes the company had a 0.2% return per unit of price deviation over the last 3 months. We have found eighteen technical indicators for FG Acquisition, which you can use to evaluate the volatility of the firm. Please confirm FG Acquisition's Standard Deviation of 0.4903, information ratio of (0.03), and Market Risk Adjusted Performance of 13.32 to check if the risk estimate we provide is consistent with the expected return of 0.0779%. FG Acquisition has a performance score of 15 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.0086, which means not very significant fluctuations relative to the market. As returns on the market increase, FG Acquisition's returns are expected to increase less than the market. However, during the bear market, the loss of holding FG Acquisition is expected to be smaller as well. FG Acquisition Corp today owns a risk of 0.39%. Please confirm FG Acquisition Corp market risk adjusted performance, coefficient of variation, variance, as well as the relationship between the mean deviation and standard deviation , to decide if FG Acquisition Corp will be following its current price history.
Auto-correlation | -0.32 |
Poor reverse predictability
FG Acquisition Corp has poor reverse predictability. Overlapping area represents the amount of predictability between FG Acquisition time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 FG Acquisition Corp price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current FG Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
FG Acquisition Corp lagged returns against current returns
Autocorrelation, which is FG Acquisition 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 FG Acquisition's stock expected returns. We can calculate the autocorrelation of FG Acquisition returns to help us make a trade decision. For example, suppose you find that FG Acquisition 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 |
FG Acquisition 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 FG Acquisition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FG Acquisition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FG Acquisition stock over time.
Current vs Lagged Prices |
| Timeline |
FG Acquisition Lagged Returns
When evaluating FG Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FG Acquisition stock have on its future price. FG Acquisition 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, FG Acquisition autocorrelation shows the relationship between FG Acquisition stock current value and its past values and can show if there is a momentum factor associated with investing in FG Acquisition Corp.
Regressed Prices |
| Timeline |
Pair Trading with FG Acquisition
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 FG Acquisition 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 FG Acquisition will appreciate offsetting losses from the drop in the long position's value.Moving against FGAA-U Stock
The ability to find closely correlated positions to FG Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FG Acquisition 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 FG Acquisition - 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 FG Acquisition Corp to buy it.
The correlation of FG Acquisition 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 FG Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FG Acquisition 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 FG Acquisition 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 FGAA-U Stock
FG Acquisition financial ratios help investors to determine whether FGAA-U 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 FGAA-U with respect to the benefits of owning FG Acquisition security.