First Nordic Metals Stock Market Value
| FNM Stock | 2.02 0.01 0.50% |
| Symbol | First |
First Nordic '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 First Nordic'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 First Nordic.
| 01/09/2024 |
| 12/29/2025 |
If you would invest 0.00 in First Nordic on January 9, 2024 and sell it all today you would earn a total of 0.00 from holding First Nordic Metals or generate 0.0% return on investment in First Nordic over 720 days. First Nordic is related to or competes with China Gold, G Mining, Triple Flag, Aris Mining, Perpetua Resources, Solaris Resources, and AbraSilver Resource. More
First Nordic 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 First Nordic'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 First Nordic Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.35 | |||
| Information Ratio | 0.0177 | |||
| Maximum Drawdown | 14.36 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 5.56 |
First Nordic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Nordic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Nordic's standard deviation. In reality, there are many statistical measures that can use First Nordic historical prices to predict the future First Nordic's volatility.| Risk Adjusted Performance | 0.0394 | |||
| Jensen Alpha | 0.068 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0165 | |||
| Treynor Ratio | 0.1571 |
First Nordic Metals Backtested Returns
At this stage we consider First Stock to be very risky. First Nordic Metals secures Sharpe Ratio (or Efficiency) of 0.0205, which denotes the company had a 0.0205 % return per unit of risk over the last 3 months. We have found thirty technical indicators for First Nordic Metals, which you can use to evaluate the volatility of the firm. Please confirm First Nordic's Mean Deviation of 2.31, coefficient of variation of 2216.25, and Downside Deviation of 3.35 to check if the risk estimate we provide is consistent with the expected return of 0.0644%. First Nordic has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.83, which means possible diversification benefits within a given portfolio. As returns on the market increase, First Nordic's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Nordic is expected to be smaller as well. First Nordic Metals right now shows a risk of 3.14%. Please confirm First Nordic Metals maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if First Nordic Metals will be following its price patterns.
Auto-correlation | -0.47 |
Modest reverse predictability
First Nordic Metals has modest reverse predictability. Overlapping area represents the amount of predictability between First Nordic time series from 9th of January 2024 to 3rd of January 2025 and 3rd of January 2025 to 29th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of First Nordic Metals price movement. The serial correlation of -0.47 indicates that about 47.0% of current First Nordic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
First Nordic Metals lagged returns against current returns
Autocorrelation, which is First Nordic 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 First Nordic's stock expected returns. We can calculate the autocorrelation of First Nordic returns to help us make a trade decision. For example, suppose you find that First Nordic 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 |
First Nordic 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 First Nordic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Nordic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Nordic stock over time.
Current vs Lagged Prices |
| Timeline |
First Nordic Lagged Returns
When evaluating First Nordic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Nordic stock have on its future price. First Nordic 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, First Nordic autocorrelation shows the relationship between First Nordic stock current value and its past values and can show if there is a momentum factor associated with investing in First Nordic Metals.
Regressed Prices |
| Timeline |
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Additional Tools for First Stock Analysis
When running First Nordic's price analysis, check to measure First Nordic'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 First Nordic is operating at the current time. Most of First Nordic's value examination focuses on studying past and present price action to predict the probability of First Nordic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Nordic's price. Additionally, you may evaluate how the addition of First Nordic to your portfolios can decrease your overall portfolio volatility.