Filo Mining Corp Stock Market Value
| FIL Stock | 32.43 0.27 0.83% |
| Symbol | Filo |
Filo Mining Corp Price To Book Ratio
Filo 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 Filo 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 Filo Mining.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Filo Mining on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Filo Mining Corp or generate 0.0% return on investment in Filo Mining over 720 days. Filo Mining is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Filo Mining is entity of Canada. It is traded as Stock on TO exchange. More
Filo 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 Filo 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 Filo Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.03 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.32 |
Filo Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Filo Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Filo Mining's standard deviation. In reality, there are many statistical measures that can use Filo Mining historical prices to predict the future Filo Mining's volatility.| Risk Adjusted Performance | 0.0489 | |||
| Jensen Alpha | 0.0513 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.75) |
Filo Mining Corp Backtested Returns
As of now, Filo Stock is very steady. Filo Mining Corp secures Sharpe Ratio (or Efficiency) of 0.0415, which denotes the company had a 0.0415% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Filo Mining Corp, which you can use to evaluate the volatility of the firm. Please confirm Filo Mining's Downside Deviation of 1.06, mean deviation of 0.5929, and Coefficient Of Variation of 1606.98 to check if the risk estimate we provide is consistent with the expected return of 0.0371%. Filo Mining has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0586, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Filo Mining are expected to decrease at a much lower rate. During the bear market, Filo Mining is likely to outperform the market. Filo Mining Corp right now shows a risk of 0.89%. Please confirm Filo Mining Corp jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Filo Mining Corp will be following its price patterns.
Auto-correlation | -0.57 |
Good reverse predictability
Filo Mining Corp has good reverse predictability. Overlapping area represents the amount of predictability between Filo Mining time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Filo Mining Corp price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Filo Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 19.4 |
Filo Mining Corp lagged returns against current returns
Autocorrelation, which is Filo 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 Filo Mining's stock expected returns. We can calculate the autocorrelation of Filo Mining returns to help us make a trade decision. For example, suppose you find that Filo 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 |
Filo 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 Filo Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Filo Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Filo Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Filo Mining Lagged Returns
When evaluating Filo Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Filo Mining stock have on its future price. Filo 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, Filo Mining autocorrelation shows the relationship between Filo Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Filo Mining Corp.
Regressed Prices |
| Timeline |
Pair Trading with Filo Mining
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 Filo Mining 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 Filo Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Filo Stock
| 0.78 | AG | First Majestic Silver | PairCorr |
| 0.75 | IE | Ivanhoe Energy | PairCorr |
| 0.83 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Filo Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Filo Mining 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 Filo Mining - 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 Filo Mining Corp to buy it.
The correlation of Filo Mining 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 Filo Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Filo Mining 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 Filo Mining 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 Filo Stock
Filo Mining financial ratios help investors to determine whether Filo 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 Filo with respect to the benefits of owning Filo Mining security.