Freeman Gold Corp Stock Market Value
| FMANF Stock | USD 0.07 0.01 6.33% |
| Symbol | Freeman |
Freeman 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 Freeman 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 Freeman Gold.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Freeman Gold on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Freeman Gold Corp or generate 0.0% return on investment in Freeman Gold over 540 days. Freeman Gold is related to or competes with Thor Explorations, Dakota Gold, Liberty Gold, Equinox Gold, and Orla Mining. Freeman Gold Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Canada and the Unite... More
Freeman 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 Freeman 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 Freeman Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.0 | |||
| Information Ratio | 0.0514 | |||
| Maximum Drawdown | 39.06 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 17.19 |
Freeman Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Freeman Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Freeman Gold's standard deviation. In reality, there are many statistical measures that can use Freeman Gold historical prices to predict the future Freeman Gold's volatility.| Risk Adjusted Performance | 0.0602 | |||
| Jensen Alpha | 0.3694 | |||
| Total Risk Alpha | (0.70) | |||
| Sortino Ratio | 0.0469 | |||
| Treynor Ratio | 0.3695 |
Freeman Gold Corp Backtested Returns
Freeman Gold appears to be out of control, given 3 months investment horizon. Freeman Gold Corp secures Sharpe Ratio (or Efficiency) of 0.0808, which denotes the company had a 0.0808% return per unit of risk over the last 3 months. By reviewing Freeman Gold's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please utilize Freeman Gold's Coefficient Of Variation of 1499.34, downside deviation of 9.0, and Mean Deviation of 5.77 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Freeman Gold holds a performance score of 6. The firm shows a Beta (market volatility) of 1.45, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Freeman Gold will likely underperform. Please check Freeman Gold's coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to make a quick decision on whether Freeman Gold's price patterns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Freeman Gold Corp has virtually no predictability. Overlapping area represents the amount of predictability between Freeman Gold time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Freeman Gold Corp price movement. The serial correlation of 0.03 indicates that only 3.0% of current Freeman Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Freeman Gold Corp lagged returns against current returns
Autocorrelation, which is Freeman 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 Freeman Gold's otc stock expected returns. We can calculate the autocorrelation of Freeman Gold returns to help us make a trade decision. For example, suppose you find that Freeman 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 |
Freeman 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 Freeman Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Freeman 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 Freeman Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Freeman Gold Lagged Returns
When evaluating Freeman Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Freeman Gold otc stock have on its future price. Freeman 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, Freeman Gold autocorrelation shows the relationship between Freeman Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Freeman Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Freeman OTC Stock
Freeman Gold financial ratios help investors to determine whether Freeman 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 Freeman with respect to the benefits of owning Freeman Gold security.