Flying Nickel Mining Stock Market Value
| FLYN Stock | 0.05 0.01 11.11% |
| Symbol | Flying |
Flying Nickel Mining Company Valuation
Flying Nickel '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 Flying Nickel'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 Flying Nickel.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Flying Nickel on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Flying Nickel Mining or generate 0.0% return on investment in Flying Nickel over 30 days. Flying Nickel is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Flying Nickel is entity of Canada. It is traded as Stock on V exchange. More
Flying Nickel 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 Flying Nickel'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 Flying Nickel Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.37 | |||
| Information Ratio | 0.0119 | |||
| Maximum Drawdown | 88.85 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 18.18 |
Flying Nickel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flying Nickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flying Nickel's standard deviation. In reality, there are many statistical measures that can use Flying Nickel historical prices to predict the future Flying Nickel's volatility.| Risk Adjusted Performance | 0.0267 | |||
| Jensen Alpha | 0.1871 | |||
| Total Risk Alpha | (1.58) | |||
| Sortino Ratio | 0.0106 | |||
| Treynor Ratio | 0.422 |
Flying Nickel Mining Backtested Returns
Flying Nickel appears to be out of control, given 3 months investment horizon. Flying Nickel Mining secures Sharpe Ratio (or Efficiency) of 0.0434, which denotes the company had a 0.0434% return per unit of risk over the last 3 months. By reviewing Flying Nickel's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Flying Nickel's Downside Deviation of 13.37, mean deviation of 7.65, and Coefficient Of Variation of 4398.04 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Flying Nickel holds a performance score of 3. The firm shows a Beta (market volatility) of 0.62, which means possible diversification benefits within a given portfolio. As returns on the market increase, Flying Nickel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Flying Nickel is expected to be smaller as well. Please check Flying Nickel's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Flying Nickel's price patterns will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Flying Nickel Mining has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Flying Nickel time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 Flying Nickel Mining price movement. The serial correlation of -0.72 indicates that around 72.0% of current Flying Nickel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Flying Nickel Mining lagged returns against current returns
Autocorrelation, which is Flying Nickel 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 Flying Nickel's stock expected returns. We can calculate the autocorrelation of Flying Nickel returns to help us make a trade decision. For example, suppose you find that Flying Nickel 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 |
Flying Nickel 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 Flying Nickel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flying Nickel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flying Nickel stock over time.
Current vs Lagged Prices |
| Timeline |
Flying Nickel Lagged Returns
When evaluating Flying Nickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flying Nickel stock have on its future price. Flying Nickel 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, Flying Nickel autocorrelation shows the relationship between Flying Nickel stock current value and its past values and can show if there is a momentum factor associated with investing in Flying Nickel Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Flying Stock Analysis
When running Flying Nickel's price analysis, check to measure Flying Nickel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Flying Nickel is operating at the current time. Most of Flying Nickel's value examination focuses on studying past and present price action to predict the probability of Flying Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flying Nickel's price. Additionally, you may evaluate how the addition of Flying Nickel to your portfolios can decrease your overall portfolio volatility.