Fidelity Minerals Corp Stock Market Value
| FMN Stock | CAD 0.06 0.01 37.50% |
| Symbol | Fidelity |
Fidelity Minerals '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 Fidelity Minerals' 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 Fidelity Minerals.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Fidelity Minerals on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity Minerals Corp or generate 0.0% return on investment in Fidelity Minerals over 720 days. Fidelity Minerals is related to or competes with Constellation Software, Canlan Ice, Boat Rocker, and Champion Iron. Fidelity Minerals Corp. engages in the exploration and development of gold mineral properties More
Fidelity Minerals 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 Fidelity Minerals' 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 Fidelity Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.83 | |||
| Information Ratio | 0.0682 | |||
| Maximum Drawdown | 87.5 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 22.22 |
Fidelity Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Minerals' standard deviation. In reality, there are many statistical measures that can use Fidelity Minerals historical prices to predict the future Fidelity Minerals' volatility.| Risk Adjusted Performance | 0.0686 | |||
| Jensen Alpha | 0.9947 | |||
| Total Risk Alpha | (1.19) | |||
| Sortino Ratio | 0.0503 | |||
| Treynor Ratio | 1.09 |
Fidelity Minerals Corp Backtested Returns
Fidelity Minerals is out of control given 3 months investment horizon. Fidelity Minerals Corp secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.86% are justified by taking the suggested risk. Use Fidelity Minerals Coefficient Of Variation of 1296.94, downside deviation of 19.83, and Mean Deviation of 8.83 to evaluate company specific risk that cannot be diversified away. Fidelity Minerals holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.03, which means a somewhat significant risk relative to the market. Fidelity Minerals returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Minerals is expected to follow. Use Fidelity Minerals potential upside, day median price, and the relationship between the sortino ratio and skewness , to analyze future returns on Fidelity Minerals.
Auto-correlation | -0.02 |
Very weak reverse predictability
Fidelity Minerals Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Fidelity Minerals time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Fidelity Minerals Corp price movement. The serial correlation of -0.02 indicates that only 2.0% of current Fidelity Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fidelity Minerals Corp lagged returns against current returns
Autocorrelation, which is Fidelity Minerals 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 Fidelity Minerals' stock expected returns. We can calculate the autocorrelation of Fidelity Minerals returns to help us make a trade decision. For example, suppose you find that Fidelity Minerals 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 |
Fidelity Minerals 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 Fidelity Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Minerals Lagged Returns
When evaluating Fidelity Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Minerals stock have on its future price. Fidelity Minerals 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, Fidelity Minerals autocorrelation shows the relationship between Fidelity Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Minerals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Fidelity Stock Analysis
When running Fidelity Minerals' price analysis, check to measure Fidelity Minerals' 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 Fidelity Minerals is operating at the current time. Most of Fidelity Minerals' value examination focuses on studying past and present price action to predict the probability of Fidelity Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fidelity Minerals' price. Additionally, you may evaluate how the addition of Fidelity Minerals to your portfolios can decrease your overall portfolio volatility.