Foraco International Sa Stock Market Value
| FRACF Stock | USD 1.59 0.06 3.64% |
| Symbol | Foraco |
Foraco International '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 Foraco International's pink sheet 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 Foraco International.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Foraco International on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Foraco International SA or generate 0.0% return on investment in Foraco International over 30 days. Foraco International is related to or competes with Amarc Resources, South Star, and Mundoro Capital. Foraco International SA, together with its subsidiaries, provides drilling services worldwide More
Foraco International 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 Foraco International's pink sheet 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 Foraco International SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 16.98 | |||
| Value At Risk | (5.39) | |||
| Potential Upside | 5.06 |
Foraco International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foraco International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foraco International's standard deviation. In reality, there are many statistical measures that can use Foraco International historical prices to predict the future Foraco International's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 0.4745 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Foraco International'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.
Foraco International Backtested Returns
Foraco International secures Sharpe Ratio (or Efficiency) of -0.0777, which denotes the company had a -0.0777% return per unit of risk over the last 3 months. Foraco International SA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Foraco International's Mean Deviation of 1.26, standard deviation of 2.66, and Variance of 7.1 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Foraco International are expected to decrease at a much lower rate. During the bear market, Foraco International is likely to outperform the market. At this point, Foraco International has a negative expected return of -0.2%. Please make sure to confirm Foraco International's potential upside, as well as the relationship between the daily balance of power and day typical price , to decide if Foraco International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Foraco International SA has very good predictability. Overlapping area represents the amount of predictability between Foraco International time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Foraco International price movement. The serial correlation of 0.85 indicates that around 85.0% of current Foraco International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Foraco International lagged returns against current returns
Autocorrelation, which is Foraco International pink sheet'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 Foraco International's pink sheet expected returns. We can calculate the autocorrelation of Foraco International returns to help us make a trade decision. For example, suppose you find that Foraco International has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Foraco International 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 Foraco International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foraco International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foraco International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Foraco International Lagged Returns
When evaluating Foraco International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foraco International pink sheet have on its future price. Foraco International 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, Foraco International autocorrelation shows the relationship between Foraco International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Foraco International SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Foraco Pink Sheet
Foraco International financial ratios help investors to determine whether Foraco Pink Sheet 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 Foraco with respect to the benefits of owning Foraco International security.