Fpx Nickel Corp Stock Market Value
| FPOCF Stock | USD 0.18 0.00 0.00% |
| Symbol | FPX |
FPX Nickel '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 FPX Nickel'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 FPX Nickel.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in FPX Nickel on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding FPX Nickel Corp or generate 0.0% return on investment in FPX Nickel over 300 days. FPX Nickel is related to or competes with Oroco Resource, Syrah Resources, Graphite One, Westwater Resources, Power Metals, O3 Mining, and Aftermath Silver. FPX Nickel Corp., a junior nickel mining company, engages in the acquisition, exploration, and development of mineral pr... More
FPX Nickel 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 FPX Nickel'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 FPX Nickel Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 20.53 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 10.0 |
FPX Nickel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FPX Nickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FPX Nickel's standard deviation. In reality, there are many statistical measures that can use FPX Nickel historical prices to predict the future FPX Nickel's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FPX Nickel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
FPX Nickel Corp Backtested Returns
FPX Nickel Corp secures Sharpe Ratio (or Efficiency) of -0.0186, which denotes the company had a -0.0186% return per unit of volatility over the last 3 months. FPX Nickel Corp exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FPX Nickel's Market Risk Adjusted Performance of (0.26), standard deviation of 4.19, and Mean Deviation of 2.71 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.59, which means possible diversification benefits within a given portfolio. As returns on the market increase, FPX Nickel's returns are expected to increase less than the market. However, during the bear market, the loss of holding FPX Nickel is expected to be smaller as well. At this point, FPX Nickel Corp has a negative expected return of -0.0793%. Please make sure to confirm FPX Nickel's standard deviation, potential upside, relative strength index, as well as the relationship between the jensen alpha and rate of daily change , to decide if FPX Nickel Corp performance from the past will be repeated at future time.
Auto-correlation | 0.50 |
Modest predictability
FPX Nickel Corp has modest predictability. Overlapping area represents the amount of predictability between FPX Nickel time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 FPX Nickel Corp price movement. The serial correlation of 0.5 indicates that about 50.0% of current FPX Nickel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
FPX Nickel Corp lagged returns against current returns
Autocorrelation, which is FPX Nickel 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 FPX Nickel's otc stock expected returns. We can calculate the autocorrelation of FPX Nickel returns to help us make a trade decision. For example, suppose you find that FPX Nickel 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 |
FPX Nickel 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 FPX Nickel otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FPX Nickel otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FPX Nickel otc stock over time.
Current vs Lagged Prices |
| Timeline |
FPX Nickel Lagged Returns
When evaluating FPX Nickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FPX Nickel otc stock have on its future price. FPX Nickel 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, FPX Nickel autocorrelation shows the relationship between FPX Nickel otc stock current value and its past values and can show if there is a momentum factor associated with investing in FPX Nickel Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in FPX OTC Stock
FPX Nickel financial ratios help investors to determine whether FPX 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 FPX with respect to the benefits of owning FPX Nickel security.