Forum Energy Metals Stock Market Value
| FMC Stock | CAD 0.07 0.01 12.50% |
| Symbol | Forum |
Forum Energy Metals Price To Book Ratio
Forum Energy '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 Forum Energy'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 Forum Energy.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Forum Energy on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Forum Energy Metals or generate 0.0% return on investment in Forum Energy over 690 days. Forum Energy is related to or competes with Global X, Financial, Rubicon Organics, Amazon CDR, First Trust, and Rocky Mountain. Forum Energy Metals Corp., mineral resource company, engages in the evaluation, acquisition, exploration, and developmen... More
Forum Energy 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 Forum Energy'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 Forum Energy Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 30.0 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Forum Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forum Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forum Energy's standard deviation. In reality, there are many statistical measures that can use Forum Energy historical prices to predict the future Forum Energy's volatility.| Risk Adjusted Performance | (0.0008) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (1.04) | |||
| Treynor Ratio | (0.10) |
Forum Energy Metals Backtested Returns
Forum Energy Metals secures Sharpe Ratio (or Efficiency) of -0.0027, which denotes the company had a -0.0027% return per unit of risk over the last 3 months. Forum Energy Metals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forum Energy's Variance of 40.1, mean deviation of 3.7, and Standard Deviation of 6.33 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.85, which means possible diversification benefits within a given portfolio. Forum Energy returns are very sensitive to returns on the market. As the market goes up or down, Forum Energy is expected to follow. At this point, Forum Energy Metals has a negative expected return of -0.0172%. Please make sure to confirm Forum Energy's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Forum Energy Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Forum Energy Metals has modest reverse predictability. Overlapping area represents the amount of predictability between Forum Energy time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Forum Energy Metals price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Forum Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Forum Energy Metals lagged returns against current returns
Autocorrelation, which is Forum Energy 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 Forum Energy's stock expected returns. We can calculate the autocorrelation of Forum Energy returns to help us make a trade decision. For example, suppose you find that Forum Energy 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 |
Forum Energy 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 Forum Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forum Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Forum Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Forum Energy Lagged Returns
When evaluating Forum Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Forum Energy stock have on its future price. Forum Energy 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, Forum Energy autocorrelation shows the relationship between Forum Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Forum Energy Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Forum Stock Analysis
When running Forum Energy's price analysis, check to measure Forum Energy'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 Forum Energy is operating at the current time. Most of Forum Energy's value examination focuses on studying past and present price action to predict the probability of Forum Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forum Energy's price. Additionally, you may evaluate how the addition of Forum Energy to your portfolios can decrease your overall portfolio volatility.