Fresnillo Plc (Germany) Market Value
| FNL Stock | EUR 7.53 0.08 1.05% |
| Symbol | Fresnillo |
Fresnillo Plc '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 Fresnillo Plc'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 Fresnillo Plc.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Fresnillo Plc on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Fresnillo plc or generate 0.0% return on investment in Fresnillo Plc over 30 days. Fresnillo Plc is related to or competes with NEW PACIFIC, THARISA NON, SYLVANIA PLAT, Metalla Royalty, and ALLIANZ TECHNOTRLS. Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico More
Fresnillo Plc 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 Fresnillo Plc'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 Fresnillo plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.88 | |||
| Information Ratio | 0.043 | |||
| Maximum Drawdown | 13.62 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 4.63 |
Fresnillo Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fresnillo Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fresnillo Plc's standard deviation. In reality, there are many statistical measures that can use Fresnillo Plc historical prices to predict the future Fresnillo Plc's volatility.| Risk Adjusted Performance | 0.0505 | |||
| Jensen Alpha | 0.1397 | |||
| Total Risk Alpha | 0.0619 | |||
| Sortino Ratio | 0.042 | |||
| Treynor Ratio | 0.714 |
Fresnillo plc Backtested Returns
At this point, Fresnillo Plc is somewhat reliable. Fresnillo plc secures Sharpe Ratio (or Efficiency) of 0.0259, which denotes the company had a 0.0259% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fresnillo plc, which you can use to evaluate the volatility of the firm. Please confirm Fresnillo Plc's Coefficient Of Variation of 1827.59, downside deviation of 2.88, and Mean Deviation of 2.21 to check if the risk estimate we provide is consistent with the expected return of 0.073%. Fresnillo Plc has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, Fresnillo Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fresnillo Plc is expected to be smaller as well. Fresnillo plc right now shows a risk of 2.82%. Please confirm Fresnillo plc total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if Fresnillo plc will be following its price patterns.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Fresnillo plc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fresnillo Plc time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th of December 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 Fresnillo plc price movement. The serial correlation of -0.78 indicates that around 78.0% of current Fresnillo Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Fresnillo plc lagged returns against current returns
Autocorrelation, which is Fresnillo Plc 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 Fresnillo Plc's stock expected returns. We can calculate the autocorrelation of Fresnillo Plc returns to help us make a trade decision. For example, suppose you find that Fresnillo Plc 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 |
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Fresnillo Plc 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 Fresnillo Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fresnillo Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fresnillo Plc stock over time.
Current vs Lagged Prices |
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Fresnillo Plc Lagged Returns
When evaluating Fresnillo Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fresnillo Plc stock have on its future price. Fresnillo Plc 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, Fresnillo Plc autocorrelation shows the relationship between Fresnillo Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Fresnillo plc.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Fresnillo Stock
Fresnillo Plc financial ratios help investors to determine whether Fresnillo 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 Fresnillo with respect to the benefits of owning Fresnillo Plc security.